Suspending the excise tax offers a better respite than telling oil companies to fully implement a fuel price rollback, Senator Risa Hontiveros said on Monday, April 20. Hontiveros pointed this out in response to President Ferdinand “Bongbong” Marcos, Jr.’s directive for oil companies to...
The Philippine automotive industry sustained its upward trajectory in March, as total vehicle sales climbed past 39,000 units, buoyed by the surge in demand for electrified vehicles (EV) amid the national energy emergency. Combined data from the Chamber of Automotive Manufacturers of the...
President Marcos said government fuel subsidies and fare discounts will continue as long as oil prices remain high, as he assured the public that more measures are being studied to ease the burden of the ongoing crisis. In an unexpected exchange with a college student following his inspection of...
The Department of Social Welfare and Development (DSWD) will roll out additional special payout schedules this week for motorcycle taxi drivers and delivery riders in Metro Manila who were unable to receive cash relief assistance, following issues encountered in earlier distributions. DSWD...
NEW YORK (AP) — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading...
Private sector economists are split over whether the Bangko Sentral ng Pilipinas (BSP) will raise interest rates this week, as the need to anchor inflation expectations and defend the peso battles concerns over the fragile economic recovery. Of 10 economists surveyed, five expect a 25-basis-point...
The Department of Social Welfare and Development (DSWD) has extended assistance to the family of a motorcycle taxi driver who collapsed and later died while waiting in line for a special payout for drivers in Quezon City on Saturday, April 18. The payout at the Quezon Memorial Circle (QMC) forms...
A rider died while waiting in line to receive P5,000 in fuel subsidy from the Department of Social Welfare and Development (DSWD) at the Quezon Memorial Circle in Quezon City on April 18, the agency confirmed. The fuel assistance program drew a large number of applicants, with long queues forming...
The Department of Social Welfare and Development (DSWD) clarified that beneficiaries of its cash relief assistance for public utility vehicle (PUV) drivers are not required to secure any certification from the Commission on Elections (Comelec), amid circulating claims linking such a requirement to...
President Marcos on Sunday announced a larger fuel price rollback next week, saying the reduction will bring much-needed relief to Filipino consumers. “Sa susunod po na linggo, may mas malaking bawas sa presyo ng langis (Next week, there will be a bigger reduction in oil prices),” the President...
State-run Social Security System (SSS) is earmarking roughly ₱60 billion in financial assistance and benefit support, accelerating the scheduled pension hike and loosening loan requirements to shield members from an energy-crisis-induced spike in living costs. Robert Joseph M. de Claro, SSS...
Warm meals and on-the-ground assistance reached drivers and commuters in Tondo, Manila, as the city government continued its “Hot Meals on Wheels” program on April 14 and 15, coinciding with the start of a three-day transport strike on April 15. On its first day on Tuesday, April 14, the...
