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...
The government is opening the Bicol Shelf Basin to private investors for oil and gas exploration, a move intended to bolster indigenous energy resources as the country seeks to reduce its reliance on volatile global fuel markets. The Department of Energy (DOE) on Wednesday, April 1, announced a...
While there is no specific provision calling for immediate economic relief for the middle class families is stated in the report, Sen. Sherwin Gatchalian said the suspension of the excise tax, as well as the possibility of suspending the value added tax (VAT) may benefit all households. Gatchalian...
TOKYO (AP) — Japan and resource-rich Indonesia agreed Tuesday to deepen economic ties and cooperation in energy security as the two Asian countries face growing uncertainty over oil and gas supplies prompted by the war in the Middle East. “In the wake of the Iran situation, the importance of...
The Energy Regulatory Commission (ERC) prohibited power distributors from passing on penalties and interest charges stemming from late local tax payments to consumers, tightening oversight of how utilities recover levies. In a move intended to insulate monthly electricity bills from “unjust...
Aboitiz InfraCapital Inc., the infrastructure arm of the billionaire Aboitiz family’s conglomerate, is overhauling its operational protocols and employee benefits to navigate the national energy emergency triggered by volatility in the Persian Gulf. Aboitiz InfraCapital joined the growing list of...
The research arm of Frankfurt-based Deutsche Bank believes the Bangko Sentral ng Pilipinas (BSP) could eventually hike the 4.25-percent key interest rate over upcoming policy meetings, but the cycle could end after a maximum of three hikes as the Philippines still grows below potential. “Prices...
The Philippine Health Insurance Corp. (PhilHealth) said it is awaiting guidance from Malacañang Palace on possible measures following the declaration of a state of national energy emergency. In a statement on Tuesday, March 31, the state insurer said it is currently coordinating with economic...
BUTUAN CITY – The local government unit of Pilar in Siargao Islands has canceled this year 's 16th International Game Fishing Tournament, citing the ongoing energy crisis in the country. The annual event, drawing anglers from across the Philippines and abroad, was originally scheduled from...
Citicore Renewable Energy Corp. (CREC) is ramping up its solar capacity as it adds nearly 70 megawatt-peak (MWp) to its portfolio. In a statement on Tuesday, March 31, CREC announced that it has energized its 69-MWp Citicore Solar Negros Occidental 2 solar power plant, which will contribute...
The Marcos administration has secured commitments from five nations to bolster its fuel inventory, with the Department of Energy (DOE) preparing to import more than one million barrels of diesel this April to shield the economy from global market volatility. In a briefing late Monday, March 30,...
Renewable energy (RE) firm Citicore Renewable Energy Corp. (CREC) delivered solid financial and operational growth in 2025 as it expanded its solar portfolio and optimized its capital structure. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, March 30, CREC reported a net income...
