Human rights lawyer Chel Diokno is proposing an excise tax freeze on petroleum products in view of the soaring fuel prices that resulted from the Russia-Ukraine crisis. Human rights lawyer Chel Diokno (Photo from Diokno’s campaign team) Diokno, a senatorial aspirant, cited the law allowing the...
Former Senator Rodolfo Biazon, a retired chief of staff of the Armed Forces of the Philippines (AFP), likened Russia’s invasion of Ukraine to the territorial disputes between the Philippines and China over the resource-rich West Philippine Sea (WPS). Former Senator Rodolfo Biazon is the guest...
AAMBIS-OWA Party-list Rep. Sharon Garin says that there is an urgent need for a special session in Congress to address the local fuel situation, reiterating the call made by her numerous House of Representatives colleagues. House Committee on Economic Affairs chair and AAMBIS-OWA Party-list Rep....
Following the massive spike in oil prices on Tuesday, March 8, Senate bet Harry Roque listed some short term, medium term, and long term measures that the government can follow to help mitigate the price surge's effects on consumers. Senate bet Harry Roque (FILE PHOTO) On March 8 , gasoline prices...
The government’s fuel subsidy program is the best solution to the problem caused by successive fuel price hikes. House Speaker Lord Allan Velasco had this to say Monday, March 7, the same day that the chamber's Fuel Crisis Ad Hoc Committee convened for the first time in order to discuss relief...
The looming fuel crisis could have been averted if the Department of Energy (DOE) had the foresight to stabilize oil prices by creating buffer stocks on gasoline and diesel at the onset, presidential aspirant Senator Manny Pacquiao said on Monday. The standard bearer of the Partido ng Demokratikong...
House Fuel Crisis Ad Hoc Committee co-chairperson Albay 2nd district Rep. Joey Salceda said Monday, March 7 that it's President Duterte’s "moral obligation" to give Filipino consumers relief from the unabated fuel price hikes. (Ali Vicoy/ MANILA BULLETIN) As such, the outspoken economist-solon...
The House Fuel Crisis Ad Hoc committee on Monday, March 7, voiced its frustrations over the National Economic and Development Authority's (NEDA) apparent lack of an official stance in response to the fuel price surge. (File photo/ MANILA BULLETIN) The panel discussed during its five-hour meeting...
The Bureau of the Treasury failed anew to secure borrowings from the domestic market for a second consecutive week as banks continued to demand higher interest rates amid Russia’s escalating war in Ukraine. On Monday's auction, March 7, the national government rejected all bids for the...
Senator Nancy Binay today (March 3) urged the Department of Energy (DOE) to focus on immediately shoring up the country’s thinning power reserves rather than busying itself on other concerns. “Rather than looking too far ahead, the energy department should look at the problem that’s staring...
The Department of Energy (DOE) asked for something unconstitutional during Monday's Fuel Crisis Ad Hoc Committee meeting--the "delegated authority" to suspend excise tax on fuel--and got chewed up by House members as a result. Ad hoc panel co-chairperson, Albay 2nd district Rep. Joey Salceda asked...
When it comes to the ongoing fuel crisis, the problem isn’t with the country's supply of fuel, but with its price, says Department of Energy (DOE) Undersecretary Gerardo Erguiza. The Fuel Crisis Ad Hoc Committee hearing with Rep. Joey Sarte Salceda (left) and Rep. Sharon Garin (right) (LIVE...
