President Marcos has called for stronger coordination between national and local governments as the country deals with the impact of the ongoing conflict in the Middle East. Speaking during the oath-taking of officers of the Vice Mayors’ League of the Philippines (VMLP) in Malacañan on Monday,...
Government cash assistance for public transport workers is set to reach areas outside the National Capital Region as distribution moves into its next phase. The Department of Social Welfare and Development (DSWD) said it will begin distributing cash relief assistance to more than 328,000 tricycle...
More senators on Monday, April 6, have said they are open to a possible joint oil and gas exploration between the Philippines and China as they weigh the benefits that the country may gain. Senate President Vicente “Tito” Sotto III and Sen. Sherwin Gatchalian said such proposal had already...
Malacañang has clarified that the government’s efforts to secure safe passage for Philippine vessels through the Strait of Hormuz are aimed at ensuring a steady fuel supply, not immediately lowering oil prices. Presidential Communications Office (PCO) Undersecretary Claire Castro said this after...
Fuel price pain continues after the Holy Week, with diesel nearing a ₱20-per-liter increase and gasoline resuming its upward adjustment despite remaining unchanged last week. Effective Tuesday, April 7, Shell Pilipinas announced that diesel prices will rise by ₱19.80 per liter, gasoline by...
A bill seeking to institutionalize the government’s response to the energy crisis has been filed in the Senate. Senate Bill No. 2020, which Sen. Loren Legarda has filed, seeks to recognize the existence of a national emergency arising from the 2026 global oil crisis that stemmed from the...
The government is maintaining its ₱360 billion excise tax target for this year, betting on domestic resilience even as the government prepares to potentially sacrifice billions in fuel revenue to offset Middle East oil shocks. This comes despite the likelihood that President Ferdinand Marcos Jr....
The Philippines is more vulnerable to “stagflationary” shock than any of its Southeast Asian neighbors as surging energy costs and cooling domestic demand squeeze the country’s economy, according to Oversea-Chinese Banking Corp. (OCBC) In a research note published last week, OCBC economists...
Senate President Panfilo “Ping” Lacson on Sunday, April 5, called for a decisive—even “extreme”—government intervention that would shield Filipinos from the relentless surge in petroleum prices. In an interview on radio DZBB, Lacson said the government ought to disclose its actions...
Senate President Pro Tempore Panfilo “Ping” Lacson on Sunday, April 5 said he will support the Marcos administration should it decide to enter a joint exploration venture with China in order to help boost the country’s energy reserves. Lacson, however, stressed any such arrangement for a...
The Philippine economy is currently in a strange, uncomfortable middle ground. While the numbers for the early part of the year looked okay on paper, the experience at the grocery store or the gas station today feels very different. Interest rates are holding steady at high levels, the peso is...
Negros Occidental Gov. Eugenio Jose Lacson said that high fuel prices are beginning to impact the province. Lacson said he observed fewer vehicles and motorcycles, particularly in Don Salvador Benedicto (DSB), during his regular trips to San Carlos City. “I go home every week to San Carlos City...
