The Philippine economy, long a darling of emerging market growth, is shifting into a defensive war footing. As Brent crude flirts with atmospheric heights and the Middle East conflict continues to choke the Strait of Hormuz—the world’s most vital energy artery—President Ferdinand Marcos Jr....
The 142,000 barrels (approximately 22.578 million liters) of diesel fuel scheduled to be formally received by Energy Secretary Sharon Garin this weekend will be unloaded at the bulk storage facility of independent player Seaoil Philippines in Mabini, Batangas, a government source privy to the...
BAGUIO CITY – Most bus companies serving this city have reduced regular trips by 30 percent in line with fuel conservation measures due to overseas conflict. Police Lt. Col. James Allen Dogao, chief of the Baguio City Police Office-Traffic Enforcement Unit, said bus companies have increased their...
Fuel prices are expected to offer a slight reprieve to motorists next week following a period of aggressive “big time” hikes, as easing geopolitical tensions in the Middle East begin to cool global energy benchmarks. According to industry data based on the four-day trading Mean of Platts...
Robinsons Land Corp. (RLC), the property arm of JG Summit Holdings Inc., has transitioned 15 of its office buildings in Metro Manila to 100 percent renewable energy as it accelerates a portfolio-wide push toward environmental sustainability and long-term asset value. The transition, which...
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...
The Department of the Interior and Local Government (DILG) on Friday, March 27, urged local government units (LGUs) nationwide to adopt a four-day onsite workweek as part of a broader push to cut energy use and reduce government spending. The DILG issued Memorandum Circular 2026-023 to address the...
The World Bank Group (WBG) said it is stepping up support for emerging market (EM) economies like the Philippines, as the ongoing Middle East conflict drives up commodity prices and disrupts global logistics, posing new risks to growth and food security. In a statement on Thursday, March 26, the...
Alsons Consolidated Resources Inc., the publicly listed power arm of the Alcantara Group, reported a slight decline in full-year net income for last year as the company’s push into renewable energy was tempered by impairment losses from its fossil-fueled power plants. In a statement, the energy...
President Marcos’ declaration of a state of national energy emergency is a calculated move. Clearly, the government intends to stay ahead of a brewing storm. And in an era where geopolitical tensions can send crude prices soaring overnight, timing is everything—and by most expert accounts, the...
The House of Representatives needs to look into the outrageous prices of diesel in the Philippines, which according to a lawmaker is outpacing those other countries in Asia. Making this call for a House inquiry on Thursday, March 26 was Senior Citizens Party-list Rep. Rodolfo "Ompong" Ordanes, who...
The government received its initial shipment of imported diesel on Thursday, March 26, marking the start of a state-led effort to stabilize domestic fuel stocks and insulate the economy from global price volatility. The Department of Energy said the agency took delivery of approximately 22,578,000...
