State-run Maharlika Investment Corp. (MIC) has extended up to ₱15 billion in short-term financing to Ramon S. Ang-led Petron Corp., the country’s lone remaining oil refinery, to boost the firm’s working capital for fuel purchases. In a statement on Thursday, May 14, the country’s sovereign...
Rain or Shine and Ginebra are hoping not to follow the same mistakes of their fellow twice-to-beat teams in the other bracket as they aim to finish their quarterfinals assignments quickly in the PBA Season 50 Commissioner’s Cup at the Ynares Center in Antipolo on Friday, May 15. The Elasto...
NICOSIA, Cyprus (AP) — The European Union 's energy commissioner said Wednesday that while there is no immediate threat to jet fuel supplies, the possibility of a longer-term shortage cannot be ruled out. Commissioner Dan Jørgensen told reporters that any shortage will depend on how the...
Help is on the way. House Majority Leader Ilocos Norte 1st district Rep. Sandro Marcos gave this assurance to Filipinos after the Ad Hoc Committee on Legislative Energy Action and Development (LEAD) approve on Tuesday, May 12 the consolidated KALINGA Bill. House Speaker Isabela 6th district Rep....
Travelers can breathe a slight sigh of relief when booking flights in the second half of May after the Civil Aeronautics Board (CAB) approved lowering the fuel surcharge that airlines collect on airfares by three notches to Level 15. In an advisory on Tuesday, May 12, the CAB approved bringing the...
San Miguel shrugged off a tough stand from Phoenix and came away with a 116-104 victory in the penultimate day of eliminations in the PBA Season 50 Commissioner’s Cup at the Ynares Center in Antipolo on Saturday, May 9. The Beermen rode on a pivotal 18-6 run in the final frame to create the...
Diesel prices are expected to decline next week, while gasoline prices may continue to rise amid supply tightness and sustained seasonal demand. Based on the four-day trading of the Mean of Platts Singapore (MOPS), gasoline prices may increase by ₱1 to ₱3 per liter, while diesel prices could...
LAPU-LAPU CITY, Cebu — The leaders of the Association of Southeast Asian Nations (ASEAN) are exploring the creation of a regional fuel reserve system to strengthen energy security and cushion member-states from future supply disruptions caused by wars and geopolitical tensions, President Marcos...
ZAMBOANGA CITY – A motor launch with over 100 drums of fuel for transport to Tawi-Tawi province was razed by fire Friday night, May 8, in a private wharf here. ML Alkazer was loaded with nearly 140 drums of diesel when the fire broke out while it was anchored at the Taha Wharf in Barangay...
With no chance of reaching the twice-to-beat advantage, San Miguel is turning its focus instead on honing the killer instinct that has been significantly missing so far throughout its PBA Season 50 Commissioner’s Cup run. And the Beermen plan to use their final game against the Phoenix Fuel...
Consumers face a split at the pumps next week as regional market volatility drives a significant decline in diesel prices alongside a projected increase in gasoline. Based on the first four days of trading under the Mean of Platts Singapore (MOPS) benchmark, diesel prices are expected to drop by...
A 38-year-old sedan driver linked to a P1,500 gas-and-run incident at a gasoline station in Barangay Bahay Toro, Quezon City, surrendered to police on Wednesday night, May 6. The Quezon City Police District (QCPD) said the suspect voluntarily appeared before authorities after the incident that...
