Senator Imee Marcos has called on the government to aggressively pursue direct government-to-government (G2G) oil procurement to cushion the impact of the ongoing global oil crisis. Marcos pointed this out as she questioned the government’s inability to pursue a G2G deal with Russia. The...
Senator Risa Hontiveros on Monday, April 27 warned that the government may need an emergency supplemental budget higher than the P52.8-billion she earlier proposed if the Middle East conflict and the subsequent oil crisis extends to May and beyond. In a radio interview, Hontiveros said the...
The Department of Social Welfare and Development (DSWD) has ordered transport network companies (TNCs) to submit corrected and verified lists of driver-beneficiaries by Monday, April 27, as it moves to finalize validation procedures for its cash relief program for transport workers. DSWD Secretary...
The Department of Social Welfare and Development (DSWD) said as much as ₱2.7 billion in financial assistance for transport network vehicle service (TNVS), motorcycle taxi, and delivery drivers could have been lost to duplicate or questionable entries if payouts were coursed through e-wallets...
Senate President Pro Tempore Panfilo “Ping” Lacson on Tuesday, April 21 expressed support to the Department of Energy’s (DOE) move to mandate fuel price adjustments, calling it a far better move than leaving the price modifications to the oil firms. Lacson pointed this out saying such...
Suspending the excise tax offers a better respite than telling oil companies to fully implement a fuel price rollback, Senator Risa Hontiveros said on Monday, April 20. Hontiveros pointed this out in response to President Ferdinand “Bongbong” Marcos, Jr.’s directive for oil companies to...
The Philippine automotive industry sustained its upward trajectory in March, as total vehicle sales climbed past 39,000 units, buoyed by the surge in demand for electrified vehicles (EV) amid the national energy emergency. Combined data from the Chamber of Automotive Manufacturers of the...
President Marcos said government fuel subsidies and fare discounts will continue as long as oil prices remain high, as he assured the public that more measures are being studied to ease the burden of the ongoing crisis. In an unexpected exchange with a college student following his inspection of...
The Department of Social Welfare and Development (DSWD) will roll out additional special payout schedules this week for motorcycle taxi drivers and delivery riders in Metro Manila who were unable to receive cash relief assistance, following issues encountered in earlier distributions. DSWD...
NEW YORK (AP) — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading...
Private sector economists are split over whether the Bangko Sentral ng Pilipinas (BSP) will raise interest rates this week, as the need to anchor inflation expectations and defend the peso battles concerns over the fragile economic recovery. Of 10 economists surveyed, five expect a 25-basis-point...
The Department of Social Welfare and Development (DSWD) has extended assistance to the family of a motorcycle taxi driver who collapsed and later died while waiting in line for a special payout for drivers in Quezon City on Saturday, April 18. The payout at the Quezon Memorial Circle (QMC) forms...
