Manila Mayor Francisco "Isko Moreno" Domagoso announced on Thursday, March 19, the release of P1,094,082,181.12 to all 896 barangays in the city. The fund aims to support residents as global oil prices surge to unprecedented levels due to the ongoing conflict in the Middle East. Domagoso made the...
ILOILO CITY – A transport group here estimated that they are losing P100,000 a day due to the crisis in the Middle East. The Western Visayas Transport Cooperative (WVTC) said they are losing the amount operating 95 minibuses in the regional capital. The WVTC is set to reduce the number of...
The Senate has formed an ad-hoc committee that will be tasked to establish a comprehensive contingency plan to address the current oil crisis and prevent stagflation of the economy. Senate Majority Leader Juan Miguel “Migz” Zubiri expresses his full support for Senate Resolution No. 350, which...
Senator Risa Hontiveros has formally filed the bill seeking a P52.8-billion supplemental budget to fund the expanded subsidies for vulnerable sectors affected by the ongoing oil crisis. In filing of Senate Bill No. 1986, Hontiveros said it is imperative to address the limited amount of available...
President Marcos said the government’s decision to suspend or reduce excise taxes on fuel will depend on global oil price movements, stressing that the situation remains highly unpredictable amid the ongoing conflict in the Middle East. Marcos said this after Congress approved on the third and...
President Marcos on Tuesday assured Filipinos that food supply and prices remain stable despite rising global oil prices, saying there is no need to hoard as the government keeps the situation under control. Marcos said this as he led a joint price and supply monitoring activity of the Department...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. on Tuesday, March 17, said lessons from escalating missile and drone attacks in the Middle East point to urgent gaps in the country’s own defense posture, particularly on interception capability, supply chains, and fuel reserves....
Malacañang has appealed to the people to refrain from sowing fear amid the ongoing crisis in the Middle East, stressing that President Marcos "is in control" of the conflict 's impacts. "Ang pakiusap lamang po natin sa ngayon dahil nasa sitwasyon tayong ganito, let us refrain from doing...
President Marcos has led the first wave of distribution of cash relief assistance to public utility vehicle (PUV) drivers affected by the sudden increase of oil prices. In leading the cash payout distribution on Tuesday, March 17 in Sta. Mesa, Manila, Marcos stressed the need to provide cash...
The Philippine embassy in Abu Dhabi on Monday, March 16, confirmed reports of two Filipinos who were among those arrested in the United Arab Emirates (UAE) for sharing videos of an Iranian attack and its interception in the Gulf state. The embassy said UAE authorities verified the reports and...
President Marcos has outlined a series of government interventions aimed at easing the impact of surging oil prices triggered by the ongoing conflict in the Middle East. In a video message on Monday, March 16, the President said the government began implementing measures last week to reduce the...
Ferry passengers may soon face higher fares and fewer trips as the maritime industry grapples with surging global oil prices, the Maritime Industry Authority (Marina) said. The Marina announced on Monday, March 16, that it has allowed domestic shipping operators to raise passenger fares by up to 20...
