Petroleum importers have made a windfall profit of VND700-800 (US.033-0.038) per liter of oil over the past month as world oil price falls have not been fully reflected in retail prices.
The Department of Trade and Industry (DTI), through its field offices, has heightened its monitoring activities to check on the prices, supply, and quality of school supplies in big public markets, where most parents flock to get bargain deals on school items.
Labor groups have reiterated their call for a P90 across-the-board wage increase in the National Capital Region (NCR), citing the recent spate of increases in costs of oil products and basic commodities.
The Chinese currency Renminbi, or the yuan, lost 95 basis points to 6.3205 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
The International Monetary Fund (IMF) warned that due to the stronger Swedish kronor, Swedish economy could face a brake this year with weak export demand and economic growth of somewhere between zero and 1 percent, local media reported on Tuesday.
Crude prices fell on Monday as concerns about euro zone lingered on Greek political uncertainties and rising borrowing cost of Italy and Spain.
Bakers will reduce prices of Pinoy Pandesal to P23 from P24 for a ten-piece pack starting May 29 as prices of Indonesian flour, which is used for pandesal have gone down to P840 per bag already, but cannot reduce prices of Pinoy Tasty, which is using locally-milled flour, because prices of local flour have remained high at P880 per bag.
Agriculture Secretary Proceso Alcala on Monday hit the meat processors’ claim that increasing the reference prices of hogs and chicken imports would mean higher prices of these products.
Kenya’s energy sector regulator on Monday increased the retail prices for super petrol and kerosene while it reduced diesel prices in the latest price review that is expected to push up the cost of living in the east African nation.
The Chinese currency Renminbi, or the yuan, lost 61 basis points to 6.2865 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
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