Senate President Vicente "Tito" Sotto III said on Monday, March 23, that the Senate has yet to receive the enrolled bill on the proposed measure allowing the President to suspend and reduce excise taxes on petroleum products. This, despite its adoption by the House of Representatives last week. In...
Malacañang said President Marcos is carefully balancing the rollout of government assistance, transport fare policies, and inflation concerns as the country grapples with rising fuel prices. Presidential Communications Office (PCO) Undersecretary Claire Castro said the President is weighing the...
Malacañang said President Marcos has yet to receive the emergency powers bill allowing the suspension or reduction of excise taxes on fuel, but assured the public that he will sign it immediately once it reaches his desk. In her press briefing on Monday, March 23, Presidential Communications...
Malacañang said the government is not downplaying the situation amid rising oil prices, as it announced the formation of a crisis committee even as it maintained that there is no oil crisis in the country so far. Presidential Communications Office (PCO) Undersecretary Claire Castro said this amid...
Senator Paolo "Bam" Aquino IV has expressed his support for a declaration of a state of national emergency to help curb the increasing prices of basic commodities. Aquino noted that the country is already at crisis level due to the sharp increase in oil costs amid the Middle East conflict....
Senator Erwin Tulfo on Sunday, March 22 called on oil companies to be upfront on their actual prices of petroleum products instead of unilaterally declaring price hikes based on external events. Tulfo made the appeal as he called for absolute transparency among oil firms as the country continues to...
President Marcos has called on the public to help the government manage the impact of the Middle East conflict by refraining from spreading misinformation and fake news. Marcos said this as he listed in his recent vlog the different initiatives and measures undertaken by his administration to...
The Philippine government is now tapping other countries to source oil amid global shortage and continued price hike caused by the conflict in the Middle East. Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro disclosed that President Marcos had tasked the agency to consider other...
Senator Sherwin Gatchalian said on Saturday, March 21, that the Senate 's ad hoc committee is targeting to consolidate and submit in two weeks its recommendations on how to address the economic effects of the Middle East conflict In an interview with Usapang Senado on DWIZ, Gatchalian,...
Malacañang has asked for cooperation from the public amid the crisis brought by the Middle East conflict. "Sa panahon ngayon, ang kailangan natin ay pagkakaisa at pagtutulungan (What we need this time is unity and cooperation)," Presidential Communications Office (PCO) Undersecretary Claire Castro...
President Marcos on Friday, March 20, assured Filipinos that the country 's food supply is enough as the world grapples with uncertainties from developments in the Middle East. Marcos said there "is nothing to worry" about the country 's food supplies as the government is also...
President Marcos assured the public that the Philippines is “adjusting well” to the global oil crisis triggered by the conflict in the Middle East, saying supplies of fuel and food remain stable. The President made the remarks following an inspection of prefabricated classrooms and education...
