House Assistant Majority Leader Lanao del Sur 1st district Rep. Zia Alonto Adiong says "consequences" must be meted out to individuals who deliberately spread false information about the ongoing national energy emergency. Adiong, in a statement Monday, April 6, reckoned that those who exploit the...
President Marcos will meet with the Development Budget Coordination Committee (DBCC) on Tuesday, April 7, to discuss the recommendation on the possible suspension of excise taxes on petroleum products. Palace Press Officer and Communications Undersecretary Claire Castro disclosed this in a Palace...
The Philippines is facing an inflationary shock that could spill over to slower economic growth, potential job losses, and more capital market outflows amid a prolonged Middle East conflict, according to the World Bank. The global oil price and supply shock wrought by the war in Iran would “raise...
Sowing confusion by spreading fake news online while the country is under an energy emergency "will be treated as a serious offense," Malacañang said, warning erring online users that it will press charges. In a statement on Sunday, April 5, Presidential Communications Office (PCO) Acting...
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...
Multilateral lenders including the Asian Development Bank (ADB), the International Monetary Fund (IMF), and the World Bank Group (WBG) are moving to provide immediate financing and coordinated support to countries reeling from the economic fallout of the Middle East war. In a statement on...
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...
The research arm of Frankfurt-based Deutsche Bank believes the Bangko Sentral ng Pilipinas (BSP) could eventually hike the 4.25-percent key interest rate over upcoming policy meetings, but the cycle could end after a maximum of three hikes as the Philippines still grows below potential. “Prices...
The Philippine Red Cross (PRC) on Monday, March 30, announced that it has placed its operations on high alert amid an anticipated surge in travelers during the Holy Week exodus. With millions of Filipinos expected to head to provinces, pilgrimage sites, and vacation destinations, the PRC will...
For Filipino consumers, it is a crippling puzzle: why are we hammered with over 100 percent cumulative oil price hikes while the rest of the world experiences only 40 percent to 60 percent increases for the same black gold? The answer is a toxic mix of heavy taxes, high import dependence, global...
As the solemn observance of Holy Week begins, millions of Filipinos are once again preparing to leave the cities—heading home to their provinces, visiting pilgrimage sites, or taking a much-needed break with family. Alongside this annual movement comes a familiar reality: crowded terminals, fully...
LACUB, Abra – The Lacub Municipal Police Station helped transport an elderly patient to the Rural Health Unit here recently. Police Executive Master Sgt. Marvin Vergara, deputy chief of police, in coordination with the local government unit headed by Mayor Estelita Bersamin, responded to a call...
