Oil industries expressed support for the removal of the 12 percent value-added tax (VAT) on petroleum products at the point of importation, saying the move would be easier to implement and would directly lower pump prices. During the second organization meeting of the Senate Proactive Response and...
Vietnamese electric vehicle (EV) ride-hailing firm Green and Smart Mobility (GSM), operating as Green GSM in the Philippines, is planning a major expansion in the country to take advantage of rising demand for transport services as fuel prices soar, the Department of Trade and Industry (DTI) said....
The Department of Budget and Management (DBM) has released over ₱60 billion for the nation’s infrastructure program, particularly to fast-track transport systems. The DBM has released ₱16.5 billion to the Department of Public Works and Highways (DPWH) to settle due and demandable accounts...
After 26 days since the Middle East conflict, Senator Sherwin Gatchalian said that it 's "concerning" that the government still has no unified, coordinated national contingency plan to address matters related to the country 's oil supply. In a press conference on Wednesday, March 25,...
Having ample fuel inventory is one thing, but paying for it is another. While energy officials tout procurement that stretches into May, the reality at the gas pump remains grim as another round of price hikes is expected next week. Based on the two-day trading average at Mean of Platts Singapore...
The Philippines can quarantine a virus, but it cannot quarantine the global oil market. This is the warning from one of the architects of the country’s pandemic recovery, who argues that the current fuel shock could be a more ruthless economic adversary than Covid-19. While the health crisis was...
South Korean powerhouse director Nam Ki Hoon didn 't just visit the Philippines — he fell in love with it. Trip after trip, vacation after vacation, he kept coming back, drawn by something he couldn 't quite resist. His Filipino friends say it best: Nam isn 't just a Korean...
Senator Loren Legarda, on Tuesday, March 24, expressed frustration with the Department of Energy (DOE) over its reasoning in being unable to secure congressional approval for the use of supplemental funds by the Philippine National Oil Company (PNOC). During the first organizational meeting of the...
An energy official on Tuesday, March 24, disclosed the possibility of supply disruptions in a worst-case scenario tied to escalating tensions in the Middle East. During the first organizational meeting of the Senate Proactive Response and Oversight for Timely and Effective Crisis Strategy...
As weekly price shocks gouge ever deeper holes in consumers’ pockets, more Filipinos are beginning to wonder: Are we heading toward a future where fuel isn’t just expensive, but essentially a “limited-edition” item? The warning from oil companies has been stark: April marks the edge of the...
Senator Risa Hontiveros is pushing for the passage of a measure that seeks to institutionalize healthcare proxies, allowing Filipinos to designate a trusted person to make medical decisions on their behalf in case of incapacity. Hontiveros, who chairs the Senate Committee on Health, said that many...
President Marcos has encouraged members of the Philippine Army to deepen and uphold public trust by exemplifying integrity and professionalism in the conduct of their duties every day. Speaking during the 129th founding anniversary of the Philippine Army on Thursday, March 19, Marcos reminded...
