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...
SM Supermalls will shorten operating hours across its locations starting March 30 as the country grapples with the declared national energy emergency. In a statement, the retail unit of SM Prime Holdings Inc. said TSM Supermalls’ shopping centers will adjust their opening times to 11 a.m. from...
CABATUAN, Isabela – President Ferdinand R. Marcos Jr. inspected a newly constructed super health center during his brief visit to this town on Thursday. Accompanying the President were House Speaker Faustino “Bojie” Dy III, Gov. Rodolfo T. Albano III, and Vice Gov. Francis Faustino “Kiko”...
The Department of Human Settlements and Urban Development (DHSUD) is helping over 1,300 working-class families in Pampanga move closer to owning their homes through government-backed housing programs. DHSUD Secretary Jose Ramon Aliling and Social Housing Finance Corporation (SHFC) President...
President Marcos on Thursday, March 26, announced a major milestone in the country’s energy sector, saying the successful drilling of the Camago-3 well will help deliver cheaper and more reliable electricity to Filipinos. In a video message, the President said Camago-3 can produce up to 60...
President Ferdinand R. Marcos Jr.’s chief economic manager said the economic team is in dialogue with the Philippines’ development partners, including the Asian Development Bank (ADB), to secure ample funding for the country’s power and fuel needs. “We are in constant discussion with our...
The government is now one step away from imposing a price ceiling of ₱50 per kilo on imported rice after the proposed policy received the recommendation of the interagency National Price Coordinating Council (NPCC). In a statement on Thursday, March 26, NPCC said it is adopting the Department of...
The Department of Foreign Affairs (DFA) said Thursday, March 26, it will continue to look for possible partners around the world without compromising the Philippines ' interests after the arrival of Russian oil in the country. In a statement, the DFA reiterated its pronouncement deferring...
Ranking congressmen hailed on Thursday, March 26 President Marcos ' signing into law of Republic Act (RA) No. 12317, which reset the first regular elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). According to House Speaker Faustino “Bojie” Dy III, the newly-signed...
The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) has expressed support for the government’s move to revive joint oil and gas exploration talks with China, citing the need for energy security amid global volatility. “FFCCCII welcomes the pronouncement of...
