Petron Corp., the Philippines’ sole oil refiner, has procured 2.48 million barrels of Russian crude oil to shore up the country’s fuel stocks following the closure of the Strait of Hormuz and the declaration of a state of national energy emergency. In a disclosure to the Philippine Stock...
FROM THE MARGINS President Ferdinand Marcos Jr.’s recent declaration of a national state of energy emergency is both a warning and a call to action. Triggered by escalating hostilities in the Middle East, the order reflects a stark reality: the Philippines — heavily dependent on imported fuel...
PEACE BY PEACE Peace agreements are best remembered not only for putting an end to decades of armed conflict between the parties but also for their promise of creating a better and brighter future for the people. But the real work begins after the ink on these agreements dries up. The Comprehensive...
For Filipino consumers, it is a crippling puzzle: why are we hammered with over 100 percent cumulative oil price hikes while the rest of the world experiences only 40 percent to 60 percent increases for the same black gold? The answer is a toxic mix of heavy taxes, high import dependence, global...
Singapore-based DBS Bank Ltd stated that the Philippine peso is emerging as one of Asia’s most vulnerable currencies as deepening global oil crisis exposes the nation’s heavy reliance on imported energy and the lack of government subsidies. DBS wrote in a commentary published last Friday that...
Government subsidies to state-run firms plunged to a near-decade low in 2025, largely due to the near-total elimination of funding for Philippine Health Insurance Corp. (PhilHealth), which was the top beneficiary for a decade from 2014 to 2023. Total subsidies fell to ₱106.9 billion last year,...
The Land Transportation Office-Region 1 inspected transport terminals and roads in the Ilocos region to ensure safety this Holy Week. District offices in San Carlos, San Ildefonso, Naguilian, San Fernando, Dagupan, Agoo, Alaminos, Bayambang, Burgos, and Rosales inspected public utility vehicles,...
Malacañang said there is no movement in leadership within the Marcos Cabinet at the moment. Palace Press Officer and Communications Undersecretary Claire Castro said so far, President Marcos trusts all heads of departments. "Hindi pa po naipapaabot sa atin kung mayroon sa ngayon (It has not yet...
DAVAO CITY – Several political figures backed Vice President Sara Duterte for president in 2028 during events marking the 89th Araw ng Dabaw and the 81st birthday of former President Rodrigo Roa Duterte on Saturday. Vice President Duterte 's youngest brother, Davao City Mayor Sebastian...
President Marcos has declared special non-working days in several areas for the celebration of their respective founding anniversary. Under Proclaimation No. 1203, April 7 will be a special non-working day in Mountain Province, which will mark its founding anniversary. The declaration aims to give...
KALIBO, Aklan – The Iloilo City government has created a crisis management council to address major economic and social concerns from the impact of the energy crisis caused by the ongoing conflict in the Middle East. Mayor Raisa Treñas established the council in Executive Order No. 035-2026 to...
The Philippines’ energy security is strengthening despite global oil volatility, as government and private sector efforts begin to stabilize supply, Executive Secretary Ralph Recto said. In a statement, Recto said a “synergy of public-private efforts” ordered by President Marcos is now...
