Makati City Mayor Nancy Binay on Tuesday, March 24, announced that the Energy Regulatory Commission (ERC) has recognized the city as the first local government unit (LGU) in the Philippines to champion 100 percent renewable energy utilization under the Retail Competition and Open Access (RCOA) and...
As weekly price shocks gouge ever deeper holes in consumers’ pockets, more Filipinos are beginning to wonder: Are we heading toward a future where fuel isn’t just expensive, but essentially a “limited-edition” item? The warning from oil companies has been stark: April marks the edge of the...
ILOILO CITY – The Iloilo provincial government has mandated stricter energy and fuel conservation protocols to cushion the impact of rising fuel prices. “Considering the potential continuous increase in fuel prices and its consequential impact on the economy, industries, and the general public,...
NEW DELHI (AP) — Countries in Asia are scrambling to conserve energy and protect consumers as the war on Iran and attacks on gas fields and oil refineries disrupt critical supplies, rattling markets and driving up prices. The crisis is hitting Asia hardest because of its heavy reliance on...
Citicore Energy REIT Corp. (CREIT) secured a high-grade issuer credit rating from Philippine Rating Services Corp. due to its robust financial position amid aggressive expansion of its green asset portfolio. PhilRatings assigned an issuer credit rating of PRS Aa plus (corp.) to the Philippines’...
Renewable energy (RE) advocates may roll their eyes, but the Middle East friction is shouting a bitter punchline: the world still treats fossil fuels like chocolate. The appetite is insatiable and relentless; if the supply runs dry, economies could fall apart faster than a cookie dunked in milk....
The local government of Pasig and the Philippine Energy Research and Policy Institute (PERPI), a government research institute, signed a Memorandum of Understanding (MOU) to strengthen the city’s capacity in promoting programs for efficient energy use and conservation. The signing ceremony was...
The Caloocan City government will provide free shuttle service for City Hall employees starting March 16, as part of its efforts to conserve fuel and energy. The shuttle service will operate from Monday to Friday and aims to help employees reduce transportation costs while supporting the city’s...
Malacañang disclosed that its communications arm—Presidential Communications Office (PCO)—has adopted a hybrid work arrangement, including a four-day onsite workweek and one work-from-home (WFH) day. In a memorandum dated March 8 and signed by PCO Acting Secretary Dave Gomez, the office said...
PARIS (AP) — A group representing many of the world 's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy markets and the halt of cargo shipping through the Strait of Hormuz....
A Senate panel on Wednesday, March 11, approved "in principle" the proposals that would grant President Marcos powers to either suspend or reduce excise tax on fuel amid rising fuel costs. "In principle, the members who attended are supportive of the main principle of the bill, which is to give...
The Department of Energy (DOE) has proposed allowing limited imports of biofuels to help lower gasoline pump prices amid rising global oil costs. During a Senate Committee on Energy hearing, Energy Secretary Sharon Garin said the country still has a sufficient supply of refined products such as...
