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...
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 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...
Citicore Renewable Energy Corp. (CREC) is ramping up its solar capacity as it adds nearly 70 megawatt-peak (MWp) to its portfolio. In a statement on Tuesday, March 31, CREC announced that it has energized its 69-MWp Citicore Solar Negros Occidental 2 solar power plant, which will contribute...
