commodities - updates

Rappler's latest stories on commodities


IN CHARTS: What your P100 can buy under runaway inflation

Aug 17, 2018 - 2:59 PM

Vegetable prices are soaring and a bottle of beer costs much more. Inflation rate in the ARMM is higher than the national average.

INFLATION. Prices of basic goods continue to soar in 2018. Photo by Jire Carreon/Rappler

#AngMahalNa: Additional fees, price increases burden Filipinos

Jul 20, 2018 - 4:05 PM

Rappler tracks down the latest increases or additional charges and fees that affect and hurt the pockets of Filipinos

Groups want TRO on implants lifted, ask to be intervenors in SC case

Nov 15, 2016 - 12:36 PM

Reproductive health advocates claim that keeping the temporary restraining order in place would deprive millions of Filipino women access to contraceptives

PH exports fall for 15th straight month in June

Aug 11, 2016 - 8:10 PM

All the major commodity groups register declines for the month although exports of petroleum products do see a bump in volume

World Bank cuts 2016 global growth forecast to 2.4%

Jun 08, 2016 - 3:25 PM

Commodity exporting nations are particularly hit but expectations for the Philippines and East Asia stay the same

Global recovery 'too weak, too fragile' – IMF chief

Apr 05, 2016 - 11:00 PM

Christine Lagarde hints the International Monetary Fund will cut its global growth forecast for the year amid increasing risks

epa05244579 International Monetary Fund (IMF) Managing Director Christine Lagarde attends during a conference at the House of Finance of the university in Frankfurt, Germany, 05 April 2016. IMF Director Lagarde is holding a lecture in Frankfurt on 05 April with welcome remarks by Bundesbank president Weidmann. EPA/BORIS ROESSLER

Global volatility shaking up worldwide living costs – survey

Mar 10, 2016 - 9:35 PM

Singapore remains the most expensive city in the world followed by Zurich and Hong Kong tied at second

epa05202294 A general view of the financial district seen from across the Marina Bay in Singapore, 09 March 2016. EPA/WALLACE WOON

Indonesia's economy grows slowest in 6 years in 2015

Feb 05, 2016 - 11:07 AM

Southeast Asia s largest economy grew 4 79 last year the first time it has fallen below 5 since 2009

GROWTH DOWN. A teller counts Rupiahs she accepted from a client at Sharia Mandiri bank in Jakarta, Indonesia. Photo by EPA

DOH may have to divert family health fund to purchase contraceptives

Jan 08, 2016 - 11:32 PM

Health Secretary Janette Garin explains how the justifications for the P1 billion reproductive health budget cut by senators Legarda and Sotto don t add up

Health chief: No allocation for contraceptives in 2016 DOH budget

Jan 06, 2016 - 3:34 PM

The DOH s proposed P1 B allocation for contraceptives was removed during deliberations of the bicameral conference committee says Health Secretary Janette Garin

Philippines immune from China slowdown, HSBC says

Oct 24, 2015 - 9:27 AM

HSBC says capital flight has hurt Malaysia and Indonesia amid lower commodity prices

NO FEAR. HSBC says fragile global economic conditions will not pull down Philippine economic growth

Business tips from Filipino social entrepreneurs: Believe, persevere

Jul 18, 2015 - 4:21 PM

If you’re thinking of putting up your own social enterprise here are some tips from some entrepreneurs who’ve gone the same path and are still at it

Indonesia posts higher-than-expected trade surplus

Apr 15, 2015 - 7:51 PM

Indonesia posts a trade surplus of 1 13 billion in March – about double the amount expected by economists

Indonesia rupiah. File photo by AFP

China's economic slowdown: A double-edged impact on PH

Feb 20, 2015 - 8:00 AM

But it is unlikely to drag down the Philippines’ economic growth analysts say

Customs to sell P38M seized sugar and rice

Feb 08, 2015 - 1:48 PM

Port of Manila sets the sale of imported sugar on February 13; imported rice will be up for auction at Batangas Port on February 16

Where to invest in 2015

Jan 03, 2015 - 11:50 AM

The Personal Equity Retirement Account’s implementation this 2015 should encourage more Filipinos to invest along with picking the ‘best’ investment options for them

Sotto: Why bigger fund for contraceptives than drug rehab?

Nov 25, 2014 - 6:16 PM

Senator Vicente Tito Sotto III a staunch critic of the reproductive health law also questions why funds are being allocated for contraceptives that have yet to be approved by the Food and Drug Administration

'MISLEADING PROPOSAL.' Senator Vicente "Tito" Sotto III says proponents of legalizing marijuana are just "camouflaging" their proposal by using the term "medical marijuana" when it will just promote substance abuse. File photo from Senate website

BOC gets P393M from rice auction

Sep 12, 2014 - 5:45 PM

The lawyers of some of the affected rice importers make an attempt to block the auction citing a Court of Tax Appeals TRO

Over 200,000 sacks of rice at Manila port up for auction

Sep 08, 2014 - 11:55 AM

The sale of confiscated rice will also help congest the Manila International Container Port

Nearly 700,000-kg of smuggled garlic for public auction

Aug 16, 2014 - 1:30 PM

The contraband busted by the Bureau of Customs at the height of garlic price spike will be up for bids on August 26

BUSTED. Customs Deputy Commissioner Jessie Dellosa and Batangas District Collector Ernesto Benitez Jr inspect a container van of the seized garlic in Batangas, Wednesday June 11, 2014. Photo from the Bureau of Customs

Rice prices remain high in August

Aug 11, 2014 - 6:20 PM

The government is opening the bid for 500 000 MT of rice imports this month to curb rising prices

AGRICULTURE DOWN. Production of palay went up by 3.28% but the agriculture sector, as a whole, slowed down in the first quarter of 2014. AFP file photo

Customs busts P37-M smuggled garlic

Jul 12, 2014 - 1:00 AM

The latest seizure comes amid skyrocketing prices of garlic in the market

Garlic trader, customs broker face smuggling raps

Jul 10, 2014 - 6:34 PM

The filing of the complaint comes amid government efforts to stem the hike in prices of garlic in the market

BUSTED. Customs Deputy Commissioner Jessie Dellosa and Batangas District Collector Ernesto Benitez Jr inspect a container van of the seized garlic in Batangas, Wednesday June 11, 2014. Photo from the Bureau of Customs

Soaring chicken prices only temporary

Jun 26, 2014 - 10:16 AM

Difficult growing conditions during the hot summer contributed to the steep price movement which is expected to stabilize in the coming months

Palace: Gov't monitoring prices of basic goods

Jun 22, 2014 - 6:58 PM

The Agriculture department says opportunistic traders are jacking up prices of chicken and pork in Metro Manila

File photo from Wikipedia

BOC slaps smuggling raps against trader, customs broker

May 15, 2014 - 4:54 PM

The trading firm has allegedly misdeclared its imported products to avoid correct tax payment and brought in substandard steel and wood imports

Bureau of Customs

Customs files charges vs 2 steel importers, customs brokers

Apr 14, 2014 - 6:02 PM

Customs Commissioner John Sevilla says the two firms did not only attempt to defraud the government of revenues they also endangered lives with their substandard steel imports

SMUGGLED. Bureau of Customs deputy commissioner Ariel Nepomuceno inspects one of the 26 container vans containing misdeclared steel products apprehended at the Manila port. Photo by Jose Del/Rappler

Senate cites in contempt another alleged rice smuggler

Feb 24, 2014 - 4:15 PM

Rice trader Judilyne Lim denies that her company used farmers cooperatives as fronts to import rice but documents indicate otherwise

Oil, gold prices hit multi-month highs

Feb 15, 2014 - 1:46 PM

Demand from two of the world s biggest economies is picking up

Image courtesy of Shutterstock

Warner Music owes gov't P118M in taxes – BIR

Jan 30, 2014 - 5:10 PM

The entertainment giant and 3 other companies have repeatedly ignored assessment and collection notices sent by the Bureau of Internal Revenue

PLUGGING TAX LEAKS. The BIR is running after corporations and individuals not diligently paying their taxes to shore up collections. Photo by AFP

Top consumer issues of 2013

Dec 29, 2013 - 4:57 PM

Filipinos were mostly concerned about the rising costs of goods and services

Will foreign investors return after Fed move?

Sep 19, 2013 - 7:41 PM

With the Fed move showing a patchy recovery in the US equities commodities and currencies in emerging markets rally

MONETARY STRATEGY. US Federal Reserve, chaired by Ben Bernanke, decides to keep interest rates?

Commodity prices, supply in Zamboanga stable - DTI

Sep 12, 2013 - 8:30 PM

Panic buying in Zamboanga is observed but there is no supply shortage of basic commodities the trade department says

August inflation low despite strong peso, bad weather

Sep 05, 2013 - 2:08 PM

The 2 year low inflation rate in August was due to Meralco s power rate reductions and cheaper oil prices

LOWER PRICES. Lower oil and power prices result in a 2-year-low inflation rate in August. File photo by AFP

Commodity markets rocked by fears of Syria conflict

Sep 01, 2013 - 9:57 AM

The threat of military strikes in Syria grip commodities with New York oil hitting a two year high on fears of a wider conflict

OIL SUPPLY. US President Barack Obama walks past an oil rig to a stage to speaks at an oil and gas production fields on federal lands March 21, 2012 near Maljamar, NM. Obama spoke on expanding domestic oil and gas production. Photo by AFP /Mandel NGAN

PH rice stocks up, supply still tight

Jun 17, 2013 - 11:07 AM

Rice inventories in the Philippines increases 12 in May due mainly to imports from its Asian neighbors

TIGHT SUPPLY. Rice, the main commodity in the Philippines, remains in tight supply in May. AFP file photo shows Filipino farmer in Misamis Oriental

PH 2012 gold output sinks over 50%

May 27, 2013 - 10:41 AM

Government blames the fall in gold on a slump from small miners and traders selling to the country’s Bangko Sentral ng Pilipinas after the government tightened the collection of taxes

GOLD MINE. Gold production nosedives in 2012. Newsbreak file photo

Commodity prices hurt by weak global outlook

May 04, 2013 - 2:01 PM

Weak manufacturing data in China and the United States depressed global commodity prices

OIL SUPPLY. US President Barack Obama walks past an oil rig to a stage to speaks at an oil and gas production fields on federal lands March 21, 2012 near Maljamar, NM. Obama spoke on expanding domestic oil and gas production. Photo by AFP /Mandel NGAN

PH may lose GSP eligibility in US

Apr 12, 2013 - 1:35 PM

Due to complaints on labor rights the country may lose the preferential entry of 1 billion worth of exports from the Philippines to the US

DRIED MANGOES. An entire rack devoted to selling dried Philippine mangoes in one of the shops on Waikiki in Honolulu. Hawaii. Photo by Cai Ordinario

BOC files smuggling raps vs rice trader, broker

Apr 11, 2013 - 5:41 PM

The case is the 127th filed by Customs in the past 17 months

IMPORTED RICE. The Philippines continues to import rice from various parts of the globe. Photo by AFP

Xstrata-Glencore merger issues may delay Tampakan mine

Apr 03, 2013 - 12:09 PM

The start of Tampakan mining operations may be delayed further due to merger issues of Glencore and Xstrata Plc

MINING OPERATIONS. It took over a year for the government to grant the operator of the Tampakan mine in Mindanao its environmental clearance. Photo shows a visualization of the Tampakan mining site by Parsons Brinckerhoff for Swiss miner Xstrata

Traded goods within PH down in Q4

Mar 29, 2013 - 1:09 PM

Domestic trade plunged in the 4th quarter of 2012 from a year ago as economic activity focused more on international trade

WEAKER DOMESTIC TRADING. The volume of traded commodities within the country drops in the fourth quarter of 2012. AFP/JAY DIRECTO

PH to grow near 7% in Q1 - think tank

Mar 20, 2013 - 7:03 PM

Low inflation and spending for the May 2013 polls will help boost economic growth

NFA last option for Tawi-Tawi rice traders

Mar 19, 2013 - 9:22 AM

As the conflict in Sabah drags on trade is hampered and prices of basic commodities including rice are on the rise in Tawi Tawi

Rice being sold at a store in Bongao, Tawi-Tawi. RAPPLER/Karlos Manlupig

Gov't boosts food supply in Tawi-Tawi, Sulu

Mar 11, 2013 - 8:20 PM

Filipinos affected by the deadly standoff in Sabah have fled to these provinces

RICE FOR REFUGEES. The government is sending more rice and other food items to Tawi-Tawi, Sulu and Basilan for returning Filipinos and refugees from Sabah. Photo by AFP

‘PH loses $20-B to smuggling each year’

Feb 26, 2013 - 3:54 PM

Various commodities are being smuggled into the country such as petroleum rice and fertilizers

China 2012 gold output up nearly 12%: report

Feb 25, 2013 - 10:09 AM

Gold production in China surged 11 66 in 2012 despite a slowdown in the domestic economy

GOLD OUTPUT. Chinese sales staff member walks along an aisle paved with 300 kilograms of gold bars, estimated to worth over 100 million yuan (USD16 million) to promote a gold exchange house in southwest China's Yunnan province. File photo (taken December 2012) by AFP

PH refines plan to hit self-sufficiency in 2013

Feb 13, 2013 - 3:09 AM

The government maps out plans to encourage farmers to plant up to 3 rice crops this 2013 so the Philippines one of the world’s top importers of the grain can hit its target to be self sufficient in rice

A DANGEROUS DREAM. A risk in the rice self-sufficiency goal is unreasonably high price of rice. AFP photo shows Filipino farmer in Misamis Oriental

Is PH really diversifying its exports?

Nov 13, 2012 - 8:17 PM

Other exports accounted for 36 76 of total in September with as much as 1 76 billion in revenues This reflects a hefty 79 85 growth from a year ago

EXPORTS. A crane stacks shipping containers of Philippine products for export at the international container port in Manila. Photo by AFP

What NOT to buy in Divisoria

Nov 10, 2012 - 11:57 AM

The place is known to be a shopping haven for budget shoppers Still here are dont s you have to take heed

GOING SHOPPING? Read this first. Screen grab from YouTube (watchWEDTV)