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...
Iran has assured the Philippines that it will allow the safe, unhindered, and expedited passage of Philippine vessels, energy sources, and Filipino seafarers through the Strait of Hormuz, the Department of Foreign Affairs (DFA) bared. Iran 's assurance was made during a "productive phone...
To reduce congestion to the power grid and improve power availability to the communities it serves, SM Prime Holdings Inc. (SM Prime) has implemented the use of rooftop solar power systems across its properties and nationwide network of SM Supermalls. Since its pioneering installation of solar...
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...
Without water, life itself would cease to exist. Alongside air, it is the most essential element for survival. Water constitutes more than 60 percent of the human body weight, while proteins account for only 18 percent, fats 15 percent, minerals 4 percent, carbohydrates 2 percent, and vitamins less...
Due to an urgent need to stabilize the country’s oil supply and curb escalating fuel prices, the Bureau of Customs (BOC) is bypassing standard procedures, directing all district collectors to fast-track processes related to the state’s emergency importations. This follows the emergency mandate...
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...
The government is opening the Bicol Shelf Basin to private investors for oil and gas exploration, a move intended to bolster indigenous energy resources as the country seeks to reduce its reliance on volatile global fuel markets. The Department of Energy (DOE) on Wednesday, April 1, announced a...
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...
TOKYO (AP) — Japan and resource-rich Indonesia agreed Tuesday to deepen economic ties and cooperation in energy security as the two Asian countries face growing uncertainty over oil and gas supplies prompted by the war in the Middle East. “In the wake of the Iran situation, the importance of...
The Energy Regulatory Commission (ERC) prohibited power distributors from passing on penalties and interest charges stemming from late local tax payments to consumers, tightening oversight of how utilities recover levies. In a move intended to insulate monthly electricity bills from “unjust...
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...
