Senator Sherwin Gatchalian on Thursday, April 2 lauded the government for securing a “safe passage” deal with Iran, saying it is a major win for the country which is still reeling from the impact of the oil crisis due to the ongoing conflict in the Middle East. Gatchalian, chairman of the...
ILOILO CITY – The municipality of New Lucena became the second local government unit (LGU) in Iloilo province to declare a state of calamity due to the fuel crisis caused by the Middle East war. “The municipality of New Lucena is currently experiencing the adverse effects of a fuel crisis...
Senator Christopher “Bong” Go on Thursday, April 2, called on the government to implement a more responsive fuel relief mechanism in light of the oil price surges. Go, made the appeal even after the President’s signing of the law temporarily suspending excise tax, raising concerns over...
Senate Minority Leader Alan Peter Cayetano said he believes that the ongoing oil crisis is a good opportunity to train the country’s future leaders. Cayetano expressed his belief to hundreds of graduating and moving-up students with their parents during end-of-school-year rites in Taguig City...
The Philippines and its emerging neighbors in Southeast Asia face deepening threat of physical fuel shortages and systemic economic paralysis as the continued closure of the Strait of Hormuz chokes off refined petroleum imports. According to Oxford Economics, the Philippines is among the most...
The Philippines has asked Iran to be designated as a “non-hostile” country in the Strait of Hormuz as the government is struggling to meet its oil needs due to the waterway’s partial closure. Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro on Wednesday, April 1, sat down...
Philippine officials on Wednesday, April 1, sat down with Iran 's top diplomat in Manila as the government sought unrestricted passage of tankers carrying oil for the country through the Strait of Hormuz. Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro and Department of Energy...
ILOILO CITY – The municipality of Ajuy in northern Iloilo province declared a state of calamity due to the energy crisis caused by the Middle East War. The Sangguniang Bayan approved Resolution No. 2026-088 issued by the Municipal Disaster Risk Reduction and Management Council (MDRRMC). “This...
A wider external imbalance threatens to add further depreciation pressure on the already record-weak Philippine peso, as escalating geopolitical tensions—particularly the United States (US)-backed Israel-Iran conflict—are expected to drive up import costs and weigh on export growth, widening...
While there is no specific provision calling for immediate economic relief for the middle class families is stated in the report, Sen. Sherwin Gatchalian said the suspension of the excise tax, as well as the possibility of suspending the value added tax (VAT) may benefit all households. Gatchalian...
After surviving the Covid pandemic, Senate President Pro Tempore Panfilo "Ping" Lacson prays the world survives "Trump-26" or the policies, actions, and events that occurred during the second term of President Donald Trump in the year 2026. Lacson said this on Wednesday, April 1, as Filipinos...
Aboitiz InfraCapital Inc., the infrastructure arm of the billionaire Aboitiz family’s conglomerate, is overhauling its operational protocols and employee benefits to navigate the national energy emergency triggered by volatility in the Persian Gulf. Aboitiz InfraCapital joined the growing list of...
