A congressman from a renewable energy (RE) hub in the Philippines has expressed high hopes for the House-passed KALINGA bill--a crisis response measure that stemmed from the fuel price crisis. Camarines Sur 5th district Rep. Migz Villafuerte said that House Bill (HB) No. 9305, or the...
The outbreak of the Middle East conflict, which resulted in disruptions to the global oil supply and caused the sharp increase in the price of crude oil per barrel, has profoundly altered the Philippines’ approach to energy security. The fragility of the country’s energy security—due largely...
The Department of Social Welfare and Development (DSWD) said the government is assessing whether another round of fuel assistance will be needed for the transport sector after more than 1.6 million public utility vehicle (PUV) drivers and transport workers nationwide received cash aid. As of June...
Nomura Holdings Inc., a Japanese investment and brokerage giant, has significantly downgraded its economic outlook for the Philippines as the nation struggles with energy security vulnerabilities and mounting inflationary pressures. A new report showed that Nomura has slashed its real gross...
The Department of Social Welfare and Development (DSWD) said its cash assistance program for public utility vehicle (PUV) drivers has reached about 1.6 million beneficiaries nationwide, with nearly ₱8 billion already released as it completes final payouts scheduled across Metro Manila and nearby...
The Department of Social Welfare and Development (DSWD) reiterated that its Assistance to Individuals in Crisis Situation (AICS) program is not exclusively for the poor, saying middle-class Filipinos struggling with emergencies and unexpected financial burdens may also seek government assistance....
DAVAO CITY – Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) interim Chief Minister Abdulraof Macacua has placed the region under a state of calamity due to the impact of the dry spell and global oil crisis. Macacua signed Proclamation No. 2 dated May 14 but released to the public on May...
The Philippines is facing a deepening cost-of-living crisis and a sharp economic slowdown driven by escalating tensions between the United States (US) and Iran, according to a report by BMI, a unit of Fitch Solutions. While the government has introduced relief measures, a narrowing fiscal window...
KUALA LUMPUR, Malaysia (AP) — Malaysia ’s maritime agency says Iranian-linked tankers are exploiting “jurisdictional gaps” to conduct ship-to-ship transfers of sanctioned oil near its waters, rejecting allegations that authorities ignored a long-running trade allowing Iran to evade U.S....
State-run Philippine Amusement and Gaming Corporation (Pagcor) has officially turned over ₱5.7 billion in dividends to the national treasury, a fund seen as adding to the government’s resources earmarked for energy crisis response. The payment represents nearly half of the agency’s net...
Help is on the way. House Majority Leader Ilocos Norte 1st district Rep. Sandro Marcos gave this assurance to Filipinos after the Ad Hoc Committee on Legislative Energy Action and Development (LEAD) approve on Tuesday, May 12 the consolidated KALINGA Bill. House Speaker Isabela 6th district Rep....
The conflict in Iran continues, and while recent negotiations and a ceasefire offer a glimmer of light at the end of the tunnel, the future remains uncertain. When crises drag on, it’s easy to feel as though the chaos will last forever. We find ourselves asking: When will this end? While we...
