The government will remain vigilant and proactive in preparing for the possible effects of the ongoing conflict in the Middle East, Malacañang said Saturday evening, March 7. In a statement, Presidential Communications Office (PCO) Undersecretary Claire Castro said President Marcos has directed...
Senator Sherwin Gatchalian believes that the Philippines could struggle to hit its 5 percent economic growth target this year due to lingering domestic challenges and the escalating tensions in the Middle East. In a radio interview with Usapang Senado over DWIZ on Saturday, March 7, Gatchalian was...
Vice President Sara Duterte on Saturday, March 7, suggested that Filipinos use bicycles or practice carpooling as one of the measures to adapt to the impact of the significant oil price hike brought about by the conflict in the Middle East. Duterte said many people are now worried about the...
Senator Francis “Chiz” Escudero has called on lawmakers to consider amendments to the Tax Reform for Acceleration and Inclusion (TRAIN) Law and grant the President permanent powers to deal with rising oil prices. Escudero noted that the current safeguard in the TRAIN law or Republic Act No....
Senator Imee Marcos has filed a resolution seeking to conduct an inquiry in aid of legislation into the country 's energy reserves as well as the government 's mitigation responses to "energy shock". Marcos filed P.S. Resolution No. 333 on Tuesday, March 3, amid the escalating conflict...
At least two senators have filed the measure seeking to grant President Ferdinand “Bongbong” Marcos Jr. the authority to suspend or reduce fuel excise tax in response to the Middle East conflict. Sen. Joel Villanueva filed Senate Bill No. 1922, which authorizes the President, upon the...
Citing the mounting burden on small farmers, the Kilusang Magbubukid ng Pilipinas (KMP) on Tuesday, March 3, denounced the latest oil price hike and urged the government to provide urgent subsidies as Middle East tensions threaten to push global crude prices even higher. KMP said oil firms...
Government officers and the public were encouraged by President Marcos to save energy by using public transportation and carpooling amid expected oil supply disruption caused by the conflict in the Middle East. In a press conference on Tuesday, March 3, Marcos has appealed to private car owners to...
Vice President Sara Duterte is asking the public to refrain from conducting protests through motorcades and caravans and called on the local government units (LGUs) to ban such activities in order to save fuel amid the ongoing conflict affecting worldwide oil supply in the Middle East. Duterte...
Senator Francis “Chiz” Escudero on Tuesday, March 3, urged the Department of Energy (DOE) to put in place a mechanism that would help cushion the possible impact of the Middle East tension on the prices of petroleum products in the country. Escudero pointed this out as the escalating tension in...
While President Marcos gave an assurance that the Philippines has ample supply of oil amid the Middle East conflict, he bared plans to ask the Congress to grant him an authority to reduce excise tax on petroleum products should prices exceed $80 per barrel. Marcos made the statement in a press...
Senator Joseph Victor “JV” Ejercito on Monday, March 2 called on lawmakers to expedite the passage of the bill mandating the automatic suspension of excise taxes on petroleum products. Ejercito made the call in light of the ongoing conflicts in the Middle East involving the United States,...
