Peso up on easing oil prices

THE PESO strengthened versus the dollar on Monday after global oil prices eased, erasing all gains posted since the start of the Russia-Ukraine war. The local unit closed at P56.64 against the greenback on Monday, stronger by three centavos from its P56.67 finish on Friday, data from the Bankers Association of the Philippines showed. The […]

Party-list rep seeks urgent certification on bills to lower fuel prices

A PARTY-LIST representative on Monday called on President Ferdinand R. Marcos, Jr. to certify as urgent several bills that lower oil prices to help consumers burdened by inflation.    An urgent certification from the president means these bills can be fast-tracked by being passed on third reading immediately after the second reading.   “Malacañang and the legislative […]

Cabaero: Comparing prices

Filipinos are beginning to travel abroad again and, aside from the usual vacation photos, they post prices of goods that show them cheaper than the same items in the Philippines. This online noise is disconcerting as those who have to spend more of their limited resources for the same amount of goods in the Philippines […]

Housing prices up in Q2

HOUSING prices continued to rise in the second quarter of 2022, according to the least report by the Bangko Sentral ng Pilipinas (BSP).The Residential Real Estate Price Index (RREPI) rose by 2.6 percent and 1.6 percent compared with year-ago and quarter-ago levels, respectively. Housing prices recovered from the quarter-on-quarter (QoQ) contraction in the first quarter […]

Small retailers hurt by high costs, drinks shortages

HIGH commodity prices, particularly those of sugar, are likely to dampen the performance of small retailers and eateries during the year-end holidays, which are normally a period of strong sales, an industry association said. Gregoria Jaradal, Treasurer the Philippine Association of Stores and Carinderia Owners, Inc., said members are struggling because the prices of their […]