President Marcos has defended his administration 's handling of the economic fallout from the conflict in the Middle East, saying the government responded quickly to protect Filipinos and mitigate the crisis ' effects. In his fifth State of the Nation Address (SONA) on Monday, July 27,...
Motorists are expected to rush to gasoline stations on Monday, July 27, to beat another round of steep fuel price increases taking effect on Tuesday, July 28, with the anticipated queues likely adding to traffic on the day of President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address...
SANTA ROSA CITY, Laguna – Police apprehended nine suspected oil pilferers here on Thursday morning. The suspects were caught in the act of transferring petroleum products from tanker trucks to plastic containers in an abandoned gasoline station at about 4:35 a.m. Recovered from them were three...
Motorists will need to ease off the gas pedal once more, as oil price hikes are expected for the fourth time this month. Based on four-day Mean of Platts Singapore (MOPS) trading and foreign exchange (forex) averages, diesel prices may climb by around ₱6 to ₱6.50 per liter, while gasoline...
The Philippines is among the economies hardest hit by the prolonged Middle East conflict, but it could emerge as a beneficiary once the Strait of Hormuz reopens and global oil shipments normalize, according to think tank Oxford Economics. In a July 22 report, Oxford Economics senior emerging market...
The Land Transportation Franchising and Regulatory Board (LTFRB) assured transport groups that it will review all the pending petitions for fare hike amid the increasing operational costs for public utility vehicles that include the surge in the price of petroleum products. LTFRB chairman Vigor D....
The first ₱2,000 payout under the government’s Unified Package for Livelihood, Industry, Food, and Transport (UPLIFT) Assistance has started to be distributed manually to 2.5 million poor and near-poor households, but their next five monthly payments will be sent digitally, the Department of...
Filipino households face an imminent double whammy of rising energy costs as pump prices surge and power bills threaten to escalate further due to global supply disruptions. Fuel retailers are scheduled to implement steep price increases effective Tuesday, July 21. Diesel prices will jump by...
Millions of Filipinos are set to receive cash assistance under the government 's Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) assistance program this week, but not all beneficiaries will receive the aid in the same way or for the same length of time. To address...
The Department of Social Welfare and Development (DSWD) said it will begin distributing cash assistance under the government 's Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) program next week, with about 7.5 million poor, near-poor, and low-income households set to...
The Philippines stands as one of the countries most vulnerable to fuel shortages amid reports of Houthi threats to close the Bab el-Mandeb Strait, according to think tank Capital Economics. “The reliance of several Asian economies, especially Pakistan, the Philippines and Japan, on oil exports...
Motorists are bracing for another steep increase in oil prices next week due to intensifying geopolitical conflict in the Middle East and tightening global supply of refined oil products. Based on the four-day trading average of the Mean of Platts Singapore (MOPS) and foreign exchange rates, local...
