‘It’s the cost of fuel, stupid’
The Department of Transportation on Friday ruled out any connection between the government's public utility vehicle modernization program and its alleged impact on the transport minimum fare rising by P50 at some point, saying the notion has absolutely no basis.
Economic managers remain vigilant over inflation risks despite December deceleration
Inflation in December decelerated to 3.9 percent, its slowest pace since February 2022, but economic managers remain on their toes, with risks posed by El Nino weather event on prices agricultural commodities, particularly rice.
D&L Industries unit welcomes DOE circular on biodiesel blend hike
Chemrez Technologies Inc., the country’s largest biodiesel manufacturer, welcomed the publication of the draft circular issued by Department of Energy that lays down the guidelines on biofuel blend implementation, albeit delayed by a decade.
US plans $162 million award to Microchip Technology to boost production
The U.S. Commerce Department said on Thursday it plans to award Microchip Technology $162 million in government grants to step up U.S. production of semiconductors and microcontroller units (MCUs) key to the consumer and defense industries.
BTr schedules auction of P45B treasury bills, bonds next week
The Bureau of the Treasury has scheduled two debt paper auctions next week, seeking to raise P45 billion to help fund the budgetary requirements of the government.
