The Philippines is apparently helpless in addressing inflation or the unabated increase in prices of basic goods as far as President Rodrigo Duterte is concerned.

The Philippine peso rebounded against the US dollar on Wednesday, as a drop in global oil prices helped ease inflationary concerns.

The Department of Agriculture (DA) will launch on Saturday, October 27, its implementation of the suggested retail prices (SRP) and simplified labeling of rice on the market in Metro Manila and the greater Manila area.

The peso is now trading at the P53:$1 level from P54:$1 last, a development that may signify that the Philippine currency has started to stabilize, with the seasonal surge of remittances from overseas Filipinos.  

The government will incur P6.9 billion in foregone revenue if the suspension of excise taxes under the tax reform program will be implemented for three months, a Finance official said Wednesday.

The Department of Trade and Industry (DTI) will not get in the way of the expected steep increases in the prices of flowers and candles during the observance of All Saints' Day on November 1. Secretary Ramon Lopez said these are one-time and seasonal adjustments. «Hanggang umaga ng November 1 lang naman 'yan e. Kapag sa hapon bagsak din naman ang presyo niyan... Ilang oras lang 'yan.»

Streamtech Systems Technologies Inc. is interested in filling the third telco slot, a top official of the Department of Information and Communications Technology (DICT) said Wednesday.

Consumers were put off by their own expectations of higher prices that they decided to steer clear of vegetables, the Department of Trade and Industry (DTI) said Wednesday.  

A Manila court on Wednesday heard a wireless telecommunications operator's bid to halt the implementation of some terms the National Telecommunications Commission has set for the selection of a third telco player.

Jeepney drivers will get a P10,000 fuel subsidy even if the second round of excise tax increase on petroleum products is suspended in 2019, Assistant Secretary Tony Lambino of the Department of Finance said Wednesday.  

US stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session.

Saudi Arabia's crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as «great - more people more money».

Philippine share prices snapped a five-day uptrend on Tuesday as investors cashed in on gains from previous sessions as foreign funds remain the net sellers.  

Frankfurt am Main, Germany -- German high-end carmaker BMW said Tuesday it would recall more than one million additional diesel cars, citing a problem with the exhaust system that “in extreme cases can cause a fire.”  

Wall Street sank on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3M triggered alarm bells over corporate growth and added to concerns ranging from China's slowdown to Saudi Arabia's diplomatic isolation.

The Department of Transportation (DOTr) said Tuesday it has granted original proponent status to the unsolicited proposal of Chelsea Logistics Holdings Corp. to develop Davao International Airport and Mega 7 Construction Corp.’s proposal for the Kalibo International Airport.

London, United Kingdom -- October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors.  

IRC Properties Inc. has received the nod from the Makati City government to proceed with the planned $3.7-billion subway project, and has generated nearly P5 billion from selling shares.  

The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week.

The imposition of a suggested retail prices (SRPs) for rice and the reclassification of rice variants, originally scheduled for October 23, was postponed pending clear guidelines from the National Food Authority (NFA) Council, GMA 7 news program «24 Oras» reported on Monday.

US stocks edged down on Monday as early support from a rally in China faded, with lower oil prices and disappointing earnings signals from firms including Halliburton and Hasbro helping pull the market lower.

Transport network company Grab Philippines is yet to decide on paying the P12- million fine imposed by the Philippine Competition Commission (PCC) related to Grab’s acquisition of Uber Technologies Inc. in March which virtually gave Grab a monopoly of the market.  

Publicly listed property developer Megaworld Corp. on Monday said it is set to generate as much as P700 million in sales from its first residential development inside its 140-hectare township in Cavite.  

The Department of Finance’s decision to suspend the second tranche of excise tax increase on petroleum products was prompted by oil futures at $80 per barrel.  

Transport network company Grab Philippines is looking at reducing its fare rates as the demand increases in the run-up to the Christmas season.  

Concerns on geopolitical tensions overseas weighed on the peso on Monday, prompting market players to go for safe-haven assets such as the greenback.  

The Samahang Industriya ng Agrikultura on Monday said it is in favor of the Department of Agriculture’s move to impose a suggested retail price on rice.

The winning third telecommunications network provider may start getting its own subscribers by June next year, Information and Communications Technology Acting Secretary Eliseo Rio Jr. said Monday.

Integrated property developer SM Prime Holdings Inc. on Monday reported a 20-percent growth in bottom line in the third quarter of the year, driven by the company’s expansion.  

Philippine banks are now looking at financing sustainable projects to combat the adverse effects of climate change, the Bankers Association of the Philippines said Monday.  

Disaster-prone developing nations, including the Philippines, Bangladesh and Indonesia, are exposed to crippling losses when storms, floods or earthquakes strike because they suffer from a dangerous lack of insurance, industry experts said on Monday.

Asian share markets fell anew on Monday as investors braced for the peak of the US earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and center.

Labor Secretary Silvestre Bello III on Sunday said a work from home arrangement is good but this needs to be agreed upon by the employer and employee.

Ilocos Norte Governor Imee Marcos claimed on Sunday that suspending the Value Added Tax on basic commodities for a year would help more Filipinos cope with the impact of skyrocketing inflation.  

Prices of rice varieties in markets in Metro Manila have decreased by P2 to P5 per kilogram, as supplies have increased amid the harvest season.