Foreign ministers of the Association of Southeast Asian Nations (ASEAN) expressed "serious concern" over the evolving situation in the Middle East, following renewed hostilities involving the United States and Iran. In a statement, the ASEAN foreign ministers highlighted the regional bloc’s...
A ₱5,000 cash relief assistance (CRA) distributed by the government to help drivers cope with the fuel price shock has largely succeeded in keeping transport workers on the road, but almost two-thirds of beneficiaries said the amount was insufficient to cover their operating costs, according to...
The Philippines stands as one of the countries most vulnerable to fuel shortages amid reports of Houthi threats to close the Bab el-Mandeb Strait, according to think tank Capital Economics. “The reliance of several Asian economies, especially Pakistan, the Philippines and Japan, on oil exports...
President Marcos announced the expansion of the government 's Unified Package for Livelihood, Industry, Food, and Transport (UPLIFT) Assistance program to provide additional financial aid to 7.5 million households affected by the impact of rising global oil prices. In a video message posted on...
The Marcos administration is studying possible public transport fare adjustments and additional assistance for affected sectors amid rising fuel prices amid renewed tensions in the Middle East, Malacañang said Wednesday, July 15. Presidential Communications Office (PCO) Undersecretary Claire...
The Asian Development Bank (ADB) has revamped its crisis response toolkit to help developing Asia-Pacific economies respond more quickly to energy supply disruptions and food price shocks stemming from the ongoing Middle East conflict, while strengthening resilience against future crises. In a...
Three siblings died after being electrocuted inside their apartment in Barangay Pinyahan, Quezon City, on Friday night, July 10. Initial investigation by the Quezon City Police District (QCPD) Kamuning Police Station showed that a 15-year-old girl was hanging clothes on a metal clothesline at the...
Malacañang has attributed the rise in the country 's unemployment rate in May to the global oil crisis stemming from the conflict in the Middle East, saying the government had anticipated the impact and continues to roll out interventions to help affected workers. Presidential Communications...
Inflation, or year-on-year consumer price increases, slowed slightly to 6.4 percent in June as gas prices eased, even as the headline rate continued to be much higher compared with year-ago levels. National Statistician Claire Dennis S. Mapa noted during a press briefing on Tuesday, July 7, that...
A 56-year-old man is facing criminal charges after he allegedly threatened to kill a Land Transportation Office (LTO) assistant secretary during an altercation inside the agency’s main office on East Avenue in Quezon City at 2:45 p.m. on June 29. The Quezon City Police District (QCPD) filed...
Concerned faculty members, alumni, and students of the University of the East Ramon Magsaysay Memorial Medical Center (UERM) have called on the University’s Board of Trustees and alumni community to conduct an independent review of the institution’s leadership and governance, warning that a...
East West Banking Corp. (EastWest Bank) Chairman Jonathan T. Gotianun is taking advantage of a dip in the bank’s stock price to near its lowest level this year to increase his stake in the lender. Based on the bank’s disclosure to the Philippine Stock Exchange (PSE) on Thursday, July 2,...
