Tag: consumer trends

Four major manufacturers have extended a voluntary price freeze on basic necessities and prime commodities (BNPCs) beyond the April 16 deadline, the Department of Trade and Industry (DTI) said Monday, reinforcing efforts to cushion consumers from rising production costs.

Citicore Renewable Energy Corporation (CREC) posted a 14 percent increase in net income to P1.15 billion in 2025, driven by lower financing costs, rising service revenues, and steady electricity sales, highlighting improved profitability as the company expands its renewable portfolio.

The Bureau of Internal Revenue (BIR) has expedited the emergency importation of petroleum products by PNOC Exploration Corporation (PNOC-EC), issuing a special permit through its Large Taxpayers Service (LTS) to accelerate the transaction under a declared energy emergency.

Fuel prices will increase again on Tuesday, March 31, as global oil costs remain high under the ongoing conflict in the Middle East.