The Philippines’ energy rationing measures, including a shortened four-day workweek for some government offices, are disproportionately hitting low-income households, raising risks of stagflation and potential social unrest, according to think tank Oxford Economics. In a report on Thursday, April...
ZAMBOANGA CITY – Zamboanga City was placed under a state of calamity due to rising oil prices from the Middle East conflict. The Sangguniang Panlungsod approved a resolution during its regular session on Wednesday, April 8, based on a recommendation of the City Disaster Risk Reduction Management...
LOS ANGELES (AP) — Shai Gilgeous-Alexander had 25 points and eight assists, and Isaiah Joe hit six 3-pointers in the Oklahoma City Thunder 's 123-87 victory over the injury-depleted Los Angeles Lakers on Tuesday night, April 7. Jared McCain scored 15 points and Chet Holmgren had 15 points...
CAGAYAN DE ORO CITY – The city government on Tuesday declared a state of energy emergency and approved the release of a P400-million calamity fund. During the session, the city council approved Resolution No. 2026-203 to help various sectors cope with the ongoing oil price hike resulting from...
The Marcos Jr. administration’s chief economic manager assured on Tuesday, April 7, that the Philippine government has enough resources to tackle the oil crisis head-on, given an improving fiscal position with rising revenues coupled with prudent spending on public goods and services. “Our...
The Philippines is facing an inflationary shock that could spill over to slower economic growth, potential job losses, and more capital market outflows amid a prolonged Middle East conflict, according to the World Bank. The global oil price and supply shock wrought by the war in Iran would “raise...
Police Cadet Van Marie Editha Gundaya Cagasan 's impressive achievement--and moving inspiration behind it--didn 't go unnoticed by former House Speaker Leyte 1st district Rep. Martin Romualdez. Cagasan, who hailed from Baybay City, Leyte, recently made headlines by emerging as the...
ILOILO CITY – The municipality of New Lucena became the second local government unit (LGU) in Iloilo province to declare a state of calamity due to the fuel crisis caused by the Middle East war. “The municipality of New Lucena is currently experiencing the adverse effects of a fuel crisis...
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...
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...
P-Pop girl group BINI attended the NBA game on Tuesday night, March 31 (Wednesday, April 1, Philippine time) as the Los Angeles Clippers hosted Filipino Heritage Night at the Intuit Dome in Inglewood, California. In the Clippers and BINI 's social media posts, the eight-member group composed...
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...
