Gasoline and diesel prices are expected to decrease this week, according to an anonymous local fuel retailer. Based on the five-day average of global trading prices last week, gasoline could go down by P4 to P5 per liter, while diesel may drop significantly more, between P7.50 and P8.50 per liter. Kerosene prices, however, have no projected adjustment yet.
With the 2028 presidential election still two years away, the latest Pulse Asia survey suggests that what once looked like a one-sided race may be shaping into a far more competitive contest.
Consumers may need to stretch their grocery budgets a little further as the Department of Trade and Industry (DTI) released an updated Suggested Retail Price (SRP) bulletin showing higher prices for several basic and prime commodities.
The Bangko Sentral ng Pilipinas forecasts inflation for May between 7.1 and 7.9 percent, driven mainly by costlier rice, vegetables, and meat, plus a weaker peso.
President Ferdinand R. Marcos Jr. secured P56.3 billion in investment expansion commitments from four major Japanese firms during business meetings on the sidelines of his State Visit to Japan, promising roughly 10,300 direct and indirect jobs for Filipinos.