Philippine banks not enrolled in the Peso Real-Time Gross Settlement (RTGS) system have been allowed to directly withdraw high-value cash from the Bangko Sentral ng Pilipinas (BSP) during calamities and emergency situations. “Banks not registered in the Philippine Payment and Settlement System...
The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) must become a reliable and long-term partners, especially at a time when Southeast Asia faces mounting economic strain caused by disruptions in energy supply chains, rising production costs, and broader geopolitical...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
The country 's buffer stock in fuel has increased, Malacañang reported. According to the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) Committee, the country 's fuel buffer stock is now up to 54 days, from 52. “Sa ngayon ang buffer stock ng supply ng langis ay...
DAVAO CITY – The Davao City government will roll out a mobile emergency application to modernize city response operations and improve dispatch efficiency, particularly in geographically challenging areas. Councilor Bonz Andrei Militar, head of the Committees on Information Technology and Future...
Senate President Pro Tempore Panfilo “Ping” Lacson on Tuesday, April 21 expressed support to the Department of Energy’s (DOE) move to mandate fuel price adjustments, calling it a far better move than leaving the price modifications to the oil firms. Lacson pointed this out saying such...
A fire that broke out at a paint storage facility in Barangay Dalandanan, Valenzuela City reached second alarm before being placed under control early Tuesday, April 21. According to the Bureau of Fire Protection (BFP) and the Valenzuela City Command, Control and Communication Center, the fire was...
ILOILO CITY – A Dumaguete-Manila flight of Philippine Airlines (PAL) made an emergency landing at Iloilo International Airport around 4:30 p.m. Sunday, April 19. "Reports indicate that the oxygen supply in the cabin was insufficient after the aircraft reached its cruising altitude of 32,000...
The Bureau of Customs (BOC) is fast-tracking shipments of essential goods to prevent additional costs under a state of national energy emergency. Responding to an April 8 Presidential directive from the Office of the Executive Secretary (ES), Customs Commissioner Ariel F. Nepomuceno mobilized all...
Why were gasoline and diesel not part of the excise tax suspension on petroleum products on Monday, April 13? President Marcos said these will be discussed during a meeting with the UPLIFT Committee on Tuesday. "That 's to be discussed tomorrow," he said when asked in a press briefing,...
Noting that time is of the essence, senators on Monday, April 13, questioned why the Department of Foreign Affairs (DFA) has to seek the United States’ permission to import oil from Russia and delay the delivery of oil supply in the country. Sen. Sherwin Gatchalian, chairman of the Senate...
Any potential resumption of discussion on oil agreement with China or other countries will be firmly anchored on Philippine sovereignty and in full compliance with the Constitution and existing laws, the Department of Foreign Affairs (DFA) said. In a statement on Sunday, April 12, the DFA said that...
