Senator Sherwin Gatchalian said on Saturday, March 28, that the upper chamber’s Proactive Response and Oversight for Timely and Effective Crisis Strategy (PROTECT) Committee was preparing its interim report--including initial recommendations--to address the country’s fuel supply concerns amid...
Senator Loren Legarda is set to file the Bayanihan Power to the People Act, or the so-called Bayanihan 3 Law, which seeks to establish a decisive government framework in addressing the impacts of the global oil crisis on Filipino households and the national economy. Legarda stressed that Executive...
Senator Bam Aquino has renewed his call for the government to formally declare a price freeze on basic commodities and essential goods, stating that this would help shield the public from the impact of surging oil prices driven by the Middle East crisis. “Mag-price freeze na sila. Mula noong...
Despite the scorching heat, several groups trooped to Mendiola in Manila on Friday, March 27, to call on the national government to immediately act on various social and economic issues arising from the Middle East war. Around 800 protesters belonging to Pagkakaisa ng mga Samahan ng Tsuper at...
The Philippine National Police (PNP) on Friday, March 27, said it has stepped up its monitoring of liquefied petroleum gas (LPG) retailers as the number of gasoline stations forced to close due to supply problems climbed to 425. PNP Chief, Police General Jose Melencio C. Nartatez Jr. said the...
Malacañang said it is not closing its doors to recommendations to implement a price freeze on oil as the country reels from the impact of the ongoing Middle East conflict. Palace Press Officer and Communications Undersecretary Claire Castro said on Friday, March 27, that a price freeze is under...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
The global oil shock triggered by escalating conflict in the Middle East is hitting the Philippines’ poorest households the hardest, as surging fuel costs spill over into food prices and erode purchasing power. A March 26 position paper by state-run policy think tank Philippine Institute for...
The Manila City government and jeepney drivers operating in the city have agreed to provide free rides to commuters, with the city shouldering the earnings of participating jeepney drivers, Manila Mayor Francisco "Isko Moreno" Domagoso announced on Friday, March 27. Following his meeting with the...
Senator Robin Padilla has called on the Philippine government to revive its longstanding claim over Sabah , citing the territory’s oil resources as the country grapples with rising fuel costs due to tensions in the Middle East. In a Facebook post addressed to President Marcos, Padilla said...
The Department of the Interior and Local Government (DILG) on Friday, March 27, urged local government units (LGUs) nationwide to adopt a four-day onsite workweek as part of a broader push to cut energy use and reduce government spending. The DILG issued Memorandum Circular 2026-023 to address the...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
