MANILA – Major oil player Pilipinas Shell yesterday imposed a price hike in the prices of all its petroleum products.

In a text advisory, Shell added P0.50 per liter on its prices of unleaded gasoline, premium gasoline, V-Power, diesel, V-Power diesel; P0.60 per liter on regular gasoline and P1 per liter on kerosene effective 6 a.m. on yesterday. The company said the price increase was made “to reflect increase in international product prices.”

Meanwhile, independent oil company Phoenix Petroleum moved diesel and gasoline prices also by P0.50 per liter. The Department of Energy said over the weekend that an increase of P0.50 per liter on diesel and gasoline is to be expected this week.

SSS earmarks P7 billion
for business, social loans

In a bid to help boost employment and spur national economic growth, the Social Security System has earmarked a total of P7 billion for lending to private enterprises seeking funds for business expansion and social development projects, SSS President and Chief Executive Officer Emilio de Quiros, Jr. said.

The funds are available through the newly-created Business Development Loan Facility and Social Development Loan Facility, which consolidate SSS’ business and social loan programs, de Quiros said.

He also said, "The new SSS lending facilities enable us to offer financial assistance to a wider range of projects and borrowers. Cooperatives, non-government organizations and even Barangay Micro Business Enterprises or ‘BMBEs’ can also borrow".

HS students told to
‘forget nursing’

Nursing jobs will not be considered among the hot jobs in the next four years, Moises de la Cruz said at the career guidance coaching session for graduating students of Bacolod City National High School yesterday.

“Forget getting a degree in nursing because it will not be an in-demand profession in four years,” de la Cruz said.

Engineering, accountancy, agriculture, and skilled jobs and short term courses like masonry, carpentry, and hotel management will be hot jobs in the next four years, but not nursing, he added.

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