Agricultural production will likely be reduced due to the El NiƱo phenomenon and food prices will consequently increase. PN PHOTO

Food price hikes feared as El NiƱo strengthens

FOOD prices may further increase in the coming months as climate experts see greater chances that the El NiƱo phenomenon will eventually become a...
The Bangko Sentral ng Pilipinas says the country’s gross international reserves amounted to $100 billion in July 2023, up from the $99.4 billion GIR level seen in June. PHOTO COURTESY OF ABS-CBN NEWS

PH dollar reserves rise to $100B as of end-July

THE Philippines’ foreign currency reserves rose as of end-July while the country’s payments position stood at a deficit, according to data released by...
Finance secretary Benjamin Diokno. DOF PHOTO

MUP pensions need decades to fix – DOF

BECAUSE of its current setup, the country’s ā€œpension systemā€ for military and uniformed personnel (MUP) may take 60 years to become sustainable if only...
Motorists may expect a rollback in the prices of fuel products on Tuesday, Feb. 28. AJ PALCULLO/PN

Gasoline prices up for 6th straight week; diesel and kerosene for 7th

MOTORISTS are paying more for fuel products this week as firms are set to implement another hike to mark the sixth straight week of...
The Philippine gross domestic product’s slower growth in the second quarter of 2023 was due to smaller expansion in household consumption and lower government spending, among others. AFP PHOTO / NOEL CELIS

PH seen to post weaker 2023 growth following slower Q2

THE Philippine economy may likely post weaker growth this year following the "disappointing" second-quarter expansion, several analysts and economists have said. The country's gross domestic...

Globe to focus E-Waste Zero Program on mobile and broadband device circularity

Leading digital solutions platform Globe is refocusing its E-Waste Zero Program to mobile and broadband devices in response to global industry trends on electronic...
Diesel prices have already increased by as much as P11 per liter since July this year. It may stay put or increase by P0.20 per liter this week. PN FILE PHOTO

Another fuel price hike seen this week

INCREASES in the pump prices of petroleum products are expected to continue this week, according to a fuel company. Unioil projected that gasoline prices would...
Photo courtesy of NGCP

NGCP explains Negros-Panay 3-day outage at Committee on Energy hearing

THE National Grid Corp. of the Philippines (NGCP) clarified the events which led to the series of outages in Negros and Panay on April...
Rice prices are expected to decrease by P2 to P3 in less than two to three weeks due to the incoming new harvest. PN FILE PHOTO

Millers expect rice prices to decrease in 2-3 weeks

Rice prices would gradually decrease within the next two to three weeks, according to a rice millers organization. The decrease would be due to the...
An environmental activist checks a part of Angat Dam when its water level hit a historic low on July 18, 2010. GIGIE CRUZ/ABS-CBN NEWS/FILE PHOTO

ā€˜BSP rate cuts unlikely until 2024 amid El NiƱo’

THE Bangko Sentral ng Pilipinas (BSP) is unlikely to reduce interest rates until next year due to the possible inflationary effects of El NiƱo,...