The Department of Social Welfare and Development (DSWD) said it is working to plug gaps in its public utility vehicle (PUV) cash aid list, with more than 170,000 unlisted drivers being validated for possible inclusion in a special payout after Holy Week. DSWD Secretary Rex Gatchalian said on...
Negros Occidental 3rd district Rep. Javier Miguel "Javi" Benitez has filed the proposed Resilient Economy and Stabilization for Crisis and Urgent Emergencies (RESCUE) Act, in response to the persisting fuel price crisis. Benitez said the measure was designed to establish a more comprehensive and...
Philippines’ most influential business coalitions pledged on Monday, March 30, to ramp up investments in renewable energy and implement aggressive conservation measures as the government scrambles to insulate the economy from the global oil shock triggered by escalating Middle East hostilities....
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...
State-run Social Security System (SSS) is considering temporarily suspending loan payments and waiving or reducing penalties on unpaid contributions to provide relief to its members facing financial challenges amid the Philippine energy crisis. SSS said in a statement released over the weekend that...
Manila Mayor Francisco “Isko Moreno" Domagoso released the full list of routes for the city’s five-day libreng sakay program, with a total of 1,442 jeepneys deployed across Manila starting March 30. The program covers major transport corridors and inner-city routes to ensure that commuters...
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...
A farmers’ group on Sunday, March 29, warned of a looming food crisis as rising fuel prices push Filipino farmers and fisherfolk deeper into debt and drive up production costs. As tensions in the Middle East continue to trigger oil price shocks, the Kilusang Magbubukid ng Pilipinas (KMP) said...
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...
The Department of Trade and Industry (DTI) secured a commitment from the country’s largest manufacturers and retailers to freeze prices on essential goods through mid-April to insulate households from the inflationary fallout of escalating tensions in the Middle East. In a statement late...
Taking a cue from the executive, House Speaker Faustino “Bojie” Dy III has announced that the Philippines ' hosting of the ASEAN Inter-Parliamentary Assembly (AIPA) meetings this year will be scaled down by limiting in-person activities to the General Assembly in October and the Interface...
