Sticker price vs invoice price

The consumer price index (CPI), a gauge of headline inflation, fell 1.17% year-on-year in February, marking the 12th straight monthly decline since March 2020. According to Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, the decline was largely because of the government measures to reduce the cost of living via electricity and water bills, effective from February to March. In addition, prices of raw food, especially rice, glutinous rice and fresh vegetables, dropped significantly following the increase in supply and relatively low prices compared with the previous year. Other items, except fuel prices, mostly moved in line with supply and demand. Fuel prices increased for the first time in 13 months, owing to higher global oil prices, he said. Core inflation, which strips out volatile energy and food categories, rose by 0.04% year-on-year in February. For the first two months, the CPI fell -0.75% and core inflation was 0.12%. Mr ... » Learn More about Consumer prices still declining

MANILA, Philippines — Malacañang on Saturday gave assurance to the public that it was making “immediate interventions” to address the quickening of the inflation rate, which indicates the pace of the rise in prices over a certain period. “We are intensifying efforts to ease inflation through immediate interventions, such as augmenting the supply of meat,” presidential spokesperson Harry Roque Jr. said in a statement, adding that the 4.7-percent inflation rate for February was only a temporary tick. Bangko Sentral ng Pilipinas Gov. Benjamin Diokno in an online briefing on March 4 said inflation was expected to stay above the target band in the first half of the year but “we are confident that it will taper off in the second half of the year.” The elevated inflation rate remains driven by supply-side factors “and so we thought [that] it does not require monetary response at the moment,” said Diokno, who heads the Monetary Board. Ramon Clarete, dean of the University of the ... » Learn More about Price spike temporary, consumers assured

The outbreak of the African swine fever (ASF) was first officially recorded in September 2019 in one of the backyard hog raisers in Rodriguez, Rizal. Animal scientists hypothesized that the ASF virus must have originated from leftover food (kaning baboy or swill in the local language) collected by backyard hog raisers from major restaurants and hotels in Metro Manila and then fed to their pigs. From there, the virus spread to Bulacan and other Central Luzon provinces where carcasses of infected animals were sold or used by meat processors. At present, around half of the country’s provinces located in nine regions have been hit by the ASF. Most of those affected are located in the island of Luzon, particularly Central Luzon and the Calabarzon regions which produced 18.2 percent and 17.2 percent, respectively (more than 35 percent), of total hog production in 2019. Impacts on supply and prices As a result, total hog population, which is estimated by the Philippine Statistics ... » Learn More about ASF and the recovery of our local hog industry

Thoroughness is the key for tariffs to result in triumphs for both consumers and producers. This is especially important today since tariff charges are being considered to address our pork crisis. The pork price has significantly increased, partly causing an inflation uptick that should be controlled immediately. Tariff levels are a critical strategy for national economic development. If they are too high, they cuddle inefficient local producers. Consumers lose because they are forced to buy unnecessarily expensive products. If tariffs are too low, our producers will not be able to compete with imported products. Jobs will be lost and, with few options available, poverty will increase. The pork tariff levels today appear to have been working well. They are now at 40 percent. A small volume of 54,000 tons is given an in-quota 30-percent tariff because of special negotiated agreements. There is currently a proposal that for the targeted 400,000 imported tons, the 30 ... » Learn More about Tariffs, triumphs and thoroughness

The Philippines posted its fastest inflation rate in over two years last February, racing to 4.7 percent on higher pork prices, the Philippine Statistics Authority (PSA) reported on Friday. The surge is the fastest since the 5.1 percent in December 2018 but slower than the 4.8-percent projected by economists surveyed by The Manila Times. The year-to-date consumer price growth averaged 4.5 percent, surpassing the central bank’s 2- to 4-percent range for 2021. In a briefing, National Statistician Claire Dennis Mapa said inflation was boosted by the 6.7-percent growth in the heavily weighted food and nonalcoholic beverages sector, which was faster than the 6.1 percent in January. Meat prices climbed by 20.7 percent in February from 17.1 percent in January, Mapa said. A kilo of pork meat with bones in Metro Manila slid to P299 in February, from the P338 the month before. A kilo of pork with pure meat dropped to P323 in February from the P368 in January. In areas outside Metro ... » Learn More about February inflation highest in 2 years

Could you introduce us to vivo’s Y series? What are some of the key features in the brand new vivo Y51? vivo’s Y series is a very well-known as a ‘youth-oriented’ series which produced based on the needs of the younger generation at desirable price ranges. This series is distinguished for its innovative and trendsetting technologies along with vibrant colors and design to support the day - today tasks of tech-savvy young audience. The recent addition of Y51, vivo focuses to upscale the Y series with additional features to capture clear shots and deliver excellent and long-lasting experience. In Y51, there are many features such as 8GB RAM+128GB ROM and a massive 5000mAh battery with 18W Fast Charge technology for seamless functioning of apps and uninterrupted smartphone experience anywhere, at any time. Y51 features 48MP Rear camera in an AI Triple camera set up supported by multiple shooting modes such as Super Wide-Angle Camera, Super Macro Camera and Super Night Camera ... » Learn More about Vivo Introduces the Key Features in the Brand New vivo Y51

Silom Road, Bangkok’s nightlife district, is the most expensive area to buy land in Bangkok, followed by Phloen Chit Road, according to data the Treasury Department gathered from 2016-2019. The pandemic may have fluctuated the prices, but no data on land value for 2020 has been reported by the department. They also say only asking prices were recorded, so it’s unclear how much the price decreased by during negotiations. On Silom Road, land prices per square wa are up to 1 million baht while land on Phloen Chit Road have been reported to cost up to 900,000 per square wa. A square wa is about 4 square metres. Land on Rajadamri Road ranges from 750,000 baht to 900,000 baht per square wa. The cheapest areas to buy land in Bangkok are farmlands in the Bangkhuntian district. Land prices range from 500 baht to 10,000 baht per square wa. Properties on Silom Road are also the most expensive in Bangkok. The price for a 170 square wa 4 storey office on the road costs around 155 million baht, ... » Learn More about Silom Road tops as the most expensive area to buy land in Bangkok

The Bangko Sentral ng Pilipinas (BSP) is likely to maintain an accommodative monetary-policy setting this year as the country’s headline inflation rose for another month. This is according to analysts from ANZ Research, ING Bank Manila, Rizal Commercial Banking Corp. (RCBC), Bank of the Philippine Islands (BPI) and HSBC. ANZ Research economist Kanika Bhatnagar and chief economist Sanjay Mathur believe there is no compelling reason for the central bank to stray from its current monetary policy stance this year. The BSP retained its key interest rates at their record low last month. Overnight borrowing, lending and deposit rates remained at 2.00 percent, 1.50 percent and 2.50 percent, respectively. “However, we are cognizant of a possible ‘second-round’ impact of higher food and fuel inflation on inflation expectations and spillover effects on the prices of other goods and services,” the ANZ economists warned. The Philippine Statistics Authority announced on Friday that ... » Learn More about BSP to maintain rates amid higher inflation

The year 2020 was a remarkable year for realme Philippines, despite the setbacks and challenges experienced by many companies last year because of the pandemic. It was the year that realme, a relatively newcomer in the already competitive smartphone market, became the fastest growing smartphone brand and eventually the No. 1 smartphone brand in the Philippines. According to Canalys, IDC, and Counterpoint Research, realme Philippines claimed the No. 1 spot in the country’s smartphone market, recording triple-digit growth in Q3 2020. IDC reported realme Philippines achieved a staggering 962.5 percent annual growth and captured 25.4 percent local market share in the third quarter of 2020. The brand’s fast rise in the local smartphone arena was no mean feat. realme Philippines was able to accomplish this in a short span of time by providing the market with reasonably priced smartphones that do what they promise, successful and unique digital campaigns, opening of realme stores across ... » Learn More about Every Filipino home can now be a smart home with realme TechLife

U Sat Maung Swe said the centre may be physically open for business but there is no one working due to the ongoing protests in the country. “There is no trading today because members of the association are protesting. Although the wholesale centre is operating, there is no trading inside. There was regular trading in the past few days. There is no one inside today so no trade is being conducted,” he said. The secretary pointed out that the prices of commodities have also been unstable due to the country's political unrest. “There are changes in the prices of the commodities. Prices are unstable because the banks are closed,” he said. Many banks across Myanmar recently suspended their services due to a majority of their staff participating in the civil disobedience movement as a sign of protest against the Tatmadaw's forced transfer of power. U Sat Maung Swe said this has led to difficulties for those requiring daily sales for their livelihood. “There are ... » Learn More about Protests hinder trade at ‘operating’ Mandalay market