Senator Robin Padilla has called on the Philippine government to revive its longstanding claim over Sabah , citing the territory’s oil resources as the country grapples with rising fuel costs due to tensions in the Middle East. In a Facebook post addressed to President Marcos, Padilla said...
The Department of the Interior and Local Government (DILG) on Friday, March 27, urged local government units (LGUs) nationwide to adopt a four-day onsite workweek as part of a broader push to cut energy use and reduce government spending. The DILG issued Memorandum Circular 2026-023 to address the...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
President Marcos said that the Philippines ' hosting of the Association of Southeast Asian Nations (ASEAN) Summit in May will still push through despite the ongoing war in the Middle East. It will proceed as scheduled, Marcos said, but will only be a "barebones ASEAN Summit," stressing that it...
President Marcos said proposals to repeal the Oil Deregulation Law and remove the value-added tax (VAT) on fuel are being studied, but stressed that the government is focused on immediate measures to ease the impact of rising oil prices. “As I said before, nothing is being discounted,” he told...
The Philippines and France have officially signed a Status of Visiting Forces Agreement (SOVFA), a landmark pact that provides a legal framework for large-scale military cooperation and joint exercises between the two countries. Department of National Defense (DND) Secretary Gilberto Teodoro Jr....
The Philippines’ goods trade with the rest of the world grew faster in February, ahead of the conflict in the Middle East posing a threat to the country’s exports. The latest preliminary Philippine Statistics Authority (PSA) data on Friday, March 27, showed that total external trade rose 10.7...
The Automobile Association of the Philippines (AAP), the Philippines ' official sanctioning body for all automobile-related motorsports, said it is pausing all sanctioned motorsports events until further notice. In its announcement, the AAP cited President Ferdinand Bongbong Marcos Jr...
President Marcos assured the public that the country has enough crude oil supply to last until the end of June this year, even as the government continues to brace for the impact of the Middle East conflict on global fuel prices. Speaking during the opening of the NAIAX westbound off-ramp to the...
President Marcos’ declaration of a state of national energy emergency is a calculated move. Clearly, the government intends to stay ahead of a brewing storm. And in an era where geopolitical tensions can send crude prices soaring overnight, timing is everything—and by most expert accounts, the...
With tough times ahead, austerity is the new buzzword. Yes, Virginia, we are in belt-tightening mode. The legs of inflation have walked their way into every aspect of basic services, with no apparent de-escalation of hostilities on the horizon. As an emerging economy, the Philippines is believed to...
The government received its initial shipment of imported diesel on Thursday, March 26, marking the start of a state-led effort to stabilize domestic fuel stocks and insulate the economy from global price volatility. The Department of Energy said the agency took delivery of approximately 22,578,000...
