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Oil prices mixed in Asia trade

FILE PHOTO

Oil prices were mixed in Asian trade Friday after posting solid gains in New York on optimism over US economic growth and concerns about supply disruptions in Nigeria.

Posted: March 28th, 2014 in Latest Business Stories | Read More »

Higher hauling rates to hike cost of goods

Prices of goods are expected to drastically increase in the coming days after truckers raised their hauling rates by an average of 50 percent effective March 15 as a result of the truck ban imposed by the city government of Manila.  INQUIRER FILE PHOTO

Prices of goods are expected to drastically increase in the coming days after truckers raised their hauling rates by an average of 50 percent effective March 15 as a result of the truck ban imposed by the city government of Manila.

Posted: March 25th, 2014 in Latest Business Stories | Read More »

Meralco cuts Jan. rate hike by 90%

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AFP FILE PHOTO

The Manila Electric Co. (Meralco) has reduced its proposed power rate increase for January to about a tenth of the original, following a recalculation ordered by the Energy Regulatory Board of the unusually high electricity spot market rates late last year.

Posted: March 21st, 2014 in Latest Business Stories | Read More »

DTI warns public vs bogus foreign sea freight forwarders

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dti

The Department of Trade and Industry has warned consumers against “bogus” foreign sea freight forwarders and their corresponding Philippine agents, which are now facing criminal and administrative charges.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

Cebu Pacific worker who offloaded boy suspended

Cebu Pacific airlines ground staff Mark Rotanel refused to board a 12-year-old boy with a congenital disease due to a damaged passport. The boy was set to have an operation in Vietnam the next day. Cebu Pacific has since re-booked the boy’s flight free of charge. Screengrab from Facebook user Richell De Guzman’s account.

Cebu Pacific has suspended an airline supervisor at the Ninoy Aquino International Airport (Naia) who offloaded a sick boy from a plane on Saturday for allegedly having a damaged passport.

Posted: March 19th, 2014 in Latest Business Stories | Read More »

Meralco ready to refund excess charges

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Protesters wear masks as they hold a rally at the Philippine Supreme Court to coincide with the oral arguments on the power rates hike petition of Meralco, the country's largest electric power distributor, Tuesday, Jan. 21, 2014 in Manila.  AP FILE PHOTO

MANILA Electric Co. (Meralco) yesterday said it would refund any excess amount should an order from the Energy Regulatory Commission (ERC) to recalculate electricity spot market prices cut the generation cost and other pass-on charges that it had collected from its 5.3 million customers.

Posted: March 13th, 2014 in Headlines | Read More »

DTI: Prices of basic goods remain stable

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Amid fluctuations noted in the prices of cement products, prices of basic and prime commodities have generally remained stable in the first two months of the year, the Department of Trade and Industry said on Thursday. AFP FILE PHOTO

Prices of basic and prime commodities have generally remained stable in the first two months of the year amid fluctuations noted in the prices of cement products, the Department of Trade and Industry said on Thursday.

Posted: March 7th, 2014 in Latest Business Stories | Read More »

Meralco customers seen enjoying lower bills this month

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Electricity consumers in the Manila Electric Co.’s (Meralco) franchise area may enjoy lower bills this month due to normalized power supply in Luzon. Part of Meralco’s network will enjoy even lower bills as the firm refunds some P58 million to those who paid the December charges that were covered by the restraining order of the Supreme Court.

Posted: March 6th, 2014 in Headlines | Read More »

Oil prices down in Asian trade

AP FILE PHOTO

Oil prices fell further in Asian trade Friday owing to concerns over soft US economic data and the unfolding crisis in Ukraine.

Posted: February 28th, 2014 in Latest Business Stories | Read More »

BSP sees moderate rate of rise in consumer prices

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The acceleration in the rate of rise in consumer prices may be moderated in the coming months due to legal issues that have resulted in further delays in the implementation of power rate hikes in Metro Manila.

Posted: February 26th, 2014 in Headlines | Read More »

History repeals itself

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Believe it or not, our favorite Meralco wants to go back in time. Frustrated by the Supreme Court in its attempt to collect an additional P6 billion from its 5.3 million customers, Meralco is asking the ever-acquiescent ERC (Energy Regulatory Commission) to cancel the trading results in the electricity spot market a few months ago.

Posted: February 13th, 2014 in Columnists,Inquirer Columns | Read More »

LPG marketers warn of impending huge price hike

Liquefied petroleum gas. AFP FILE PHOTO

Consumers should brace for an increase in the price of cooking gas of around P5 per kilogram next month, or roughly P55 per 11-kg cylinder, amid an impending shortage in supply.

Posted: February 12th, 2014 in Latest Business Stories | Read More »

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