The country risks pushing 1.3 million more people into poverty as an energy crisis and record-high fuel prices threaten to drive the national poverty rate to 14.4 percent, the state-run Philippine Institute for Development Studies (PIDS) warned. Before the Middle East conflict triggered a national...
President Marcos has called for a unified regional response to the ongoing energy crisis, warning that no country in Asia can withstand global supply shocks alone. Speaking at the Asia Zero Emission Community (AZEC) Plus Online Summit, Marcos said the current crisis has exposed shared...
SPEAKING OUT The energy crisis is no longer an abstract policy debate—it is the rising cost in our bills, the strain on our transport, and the uncertainty in our future. For Juan and Maria, conserving energy is not just about saving pesos; it is about safeguarding the nation’s resilience. We...
Senator Paolo “Bam” Aquino IV on Wednesday, April 8 called on the government to ensure that the country’s food security won’t be at risk amid soaring fuel costs and rising inflation. Aquino emphasized the need for immediate government action on food security during the Senate Committee...
The Bangko Sentral ng Pilipinas (BSP) has likely exhausted its window for monetary easing as resurgent price pressures threaten to breach the upper limit of its target range, according to the ASEAN+3 Macroeconomic Research Office (AMRO). While the Philippine economy shows signs of stabilizing...
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...
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...
The Philippine Health Insurance Corp. (PhilHealth) said it is awaiting guidance from Malacañang Palace on possible measures following the declaration of a state of national energy emergency. In a statement on Tuesday, March 31, the state insurer said it is currently coordinating with economic...
BUTUAN CITY – The local government unit of Pilar in Siargao Islands has canceled this year 's 16th International Game Fishing Tournament, citing the ongoing energy crisis in the country. The annual event, drawing anglers from across the Philippines and abroad, was originally scheduled from...
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 United States has asked the Philippines, one of its closest allies hardly hit by its ongoing conflict with Iran, regarding its current energy needs, as the country battles a national energy emergency, Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro has bared. Lazaro said "the...
BANGKOK (AP) — Global energy trade is in turmoil as war around the Persian Gulf chokes off oil and natural gas shipments, causing prices to soar. Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the Strait of Hormuz, the narrow passageway that carries...
