The Commerce Ministry has pledged to closely supervise the prices of products and services, using both legal and administrative measures while vowing to continue discount campaigns to reduce the cost of living for people nationwide. According to Wattanasak Sur-iam, director-general of the Internal Trade Department, the ministry through the Central Committee on the Prices of […]
Read MoreMANILA, Philippines — The law that provides direct cash assistance to rice farmers is not seen to offset the huge losses of farmers due to excessive rice imports, according to the Federation of Free Farmers (FFF). President Duterte recently signed Republic Act 11598 or the Cash Assistance for Filipino Farmers Act, which mandates the Department […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) said the signing into law of a measure that lowers the minimum paid-up capital for foreign retailers would help encourage more investments into the country. “We thank the President and the Senate and Congress for passing the Retail Trade Liberalization (RTL) Act. We in the […]
Read MoreMANILA, Philippines — The Philippine Statistics Authority (PSA) has rebased the consumer price index (CPI), which is used to determine the inflation rate, to base year 2018 starting next month. The PSA said it has rebased the CPI for all income households to base year 2018 from base year 2012. This will begin next month […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is further slashing its funding support to the national government as finances show signs of improvement, but has vowed to keep its lines open should additional stimulus be needed with the spread of new COVID-19 variants. In his weekly online press conference, BSP Governor Benjamin Diokno […]
Read MoreMANILA, Philippines — Credit card issuers are urging the National Telecommunications Commission (NTC) as well as telecom providers to institute measures to stem the rise in fraudulent credit card transactions due to SIM card swap. Alex Ilagan, executive director of the Credit Card Association of the Philippines (CCAP), said the number of fraudulent credit card […]
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