Authorities intercepted a marine tanker loaded with smuggled diesel fuel worth P41.1 million in the municipal waters of Villanueva, Misamis Oriental on Thursday night, April 9. Two crew – the 71-year-old vessel captain and 63-year-old chief mate – are facing charges for violating Republic Act...
The transport sector, along with motorists, is finally seeing the start of possible fuel price easing after weeks of steep hikes. Based on the four-day trading average Mean of Platts Singapore (MOPS), diesel could go down by ₱5.50 to ₱6.50 per liter, while gasoline is estimated to hold steady...
BAGUIO CITY – Mayor Benjamin Magalong has signed Resolution No. 257-2026 of the City Council declaring this city under a state of calamity due to the oil crisis that has severely affected various sectors here. Magalong stated that the tourism industry has suffered a 40 percent to 50 percent drop...
Senator Pia Cayetano cautioned on Thursday, April 9 the Commission on Higher Education (CHED) over its policy allowing higher education institutions (HEIs) to shift to online classes a 100 percent amid the fuel and energy crisis. Cayetano made the statement after CHEd issued the new guidance...
CEBU CITY – Amid rising fuel costs, Bohol Gov. Aris Aumentado has issued an executive order (EO) calling for austerity measures in the province. Aumentado urged city and municipal government units, barangays, and community-based associations in EO No. 13 to minimize expenses in the conduct of...
As rising fuel costs threaten to drive up the price of everyday food, Manila is turning to one of the most familiar fixtures of Filipino life, the local panaderya, offering P25,000 in cash aid to keep bread within reach of ordinary families. "Ang pandesal is simbolo ng almusal ng pamilyang...
ZAMBOANGA CITY – Zamboanga City was placed under a state of calamity due to rising oil prices from the Middle East conflict. The Sangguniang Panlungsod approved a resolution during its regular session on Wednesday, April 8, based on a recommendation of the City Disaster Risk Reduction Management...
House Legislative Energy Action Development (LEAD) Council presiding officer Marikina City 2nd district Rep. Miro Quimbo couldn 't help but conclude based on an economic manager 's statements that there was indeed an oil cartel operating in the country. During the first LEAD Council...
The global oil market is finally reacting to the two-week ceasefire, as prices for diesel and gasoline may ease next week. Based on the first three-day average Mean of Platts Singapore (MOPS), diesel prices could finally ease by around ₱2.50 to ₱3.50 per liter, potentially bringing pump prices...
Has ACT Teachers Party-list Rep. Antonio Tinio found proof of systematic overcharging by local oil companies? In a statement Thursday, April 9, Tinio, a House deputy minority leader flagged what he called the “asymmetric pricing” and profiteering in oil market; which he deduced from his study...
The Commission on Higher Education (CHED) has allowed higher education institutions (HEIs) to temporarily shift to full online learning amid the declaration of national energy emergency. In a memorandum issued April 7 and signed by Chairperson Shirley Agrupis, CHED said the directive was released...
So much has been said about businesses bracing for a possible economic crisis ahead. But are we, as individuals, equally prepared? Everything begins at home—even if our businesses can withstand the crisis, how will we manage on a personal level? The right mindset, first of all, is not to panic....
