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Panay News, the biggest daily newspaper in Western Visayas brings you latest updates on local business, finance, economy, stock market, and business policies.

The Department of Energy certified last month that the fuel subsidy program in the public transportation sector should take effect after the price of crude oil breached $80 per barrel. AJ PALCULLO/PN

LTFRB waiting for fuel subsidy funds amid oil price hikes

THE Land Transportation Franchising and Regulatory Board (LTFRB) is waiting for word from the Department of Transportation (DOTr) as regards the P1.6-billion fund for...
Takoyaki store owner Carl Quion (left) admitted that their April Fool’s prank was actually a marketing stunt hatched last year. He added that Ramil Albano (right) who had the name of the store inked on his forehead was an accomplice. PHOTO COURTESY OF GMA NETWORK

AFTER VIRAL APRIL FOOL’S DAY PRANK, DTI reminds businesses to be responsible

THE Department of Trade and Industry (DTI) has reminded business owners to take their license to operate seriously if they do not want sanctions...
The National Food Authority’s buying price of dry palay was lower than the average farmgate price nationwide of P25.21 per kilo as of February 2024. Department of Agriculture Photo

NFA Council to discuss more competitive ‘palay’ buying price

THE National Food Authority (NFA) Council is set to meet this week to discuss the possibility of adjusting its buying price of palay to...
Photo courtesy of Jekki Pascual/ABS-CBN News

Students urged to learn basics of running a business

STUDENTS were urged to learn about entrepreneurship at an early age at the "Youthpreneur" summit in Pasig City organized by Go Negosyo and the...
The Department of Energy Oil Industry Management Bureau says the increases in oil prices are due to the Organization of the Petroleum Exporting Countries cutting production by 2.2 million barrels per day, which is expected to extend until the end of the first quarter. INQUIRER.NET PHOTO

Gasoline, diesel prices up over P1/liter

MOTORISTS will be met with fuel price hikes effective today as companies announced another round of upward adjustments to mark the fourth straight week...
Philippine Health Insurance Corporation’s enhanced Z Benefit Package now covers stages 0 to 4 of breast cancer and even expanded the eligibility qualifications of members who can avail.

Breast cancer benefit now up to P1.4 million – PhilHealth

EFFECTIVE March 30, 2024, Philippine Health Insurance Corporation’s (PhilHealth) Z Benefit package for breast cancer is now up to P1.4 million, a 1400% increase...
Social Security System President and Chief Executive Officer Rolando Ledesma Macasaet says the decrease in unremitted contributions could be attributed to the high collection of delinquencies from employers. SSS PHOTO

Unremitted SSS contributions from delinquent employers down by 40%

ENCOURAGED by the Supreme Court decision upholding the right of the Social Security System (SSS) to take legal action against employers who have been...
The Bangko Sentral ng Pilipinas says about 92 percent of consumers think that in the next 12 months, inflation will be above 4 percent. PHOTO COURTESY OF ABS-CBN NEWS

Foreign reserves rose to $104B in March – BSP

THE Philippines’ foreign reserves rose at the end of March 2024, reflecting the appreciation of the central bank’s gold assets and overseas investments. Preliminary data...
An economist from the ASEAN+3 Macroeconomic Research Office says the electronic industry in the Philippines is expected to do well this 2024. INDUSTRY.GOV.PH PHOTO

PH growth in 2024 seen ‘among highest’ in ASEAN region

THE Philippines is likely to grow 6.3 percent this year as it benefits from the rebound in the semiconductor industry, an economist from the...

Earthquake-affected OFWs in Taiwan to get calamity assistance from SSS

Social Security System (SSS) President and Chief Executive Officer Rolando Ledesma Macasaet (top photo, 2nd from the left) yesterday told reporters that SSS will grant...