Senator Sherwin Gatchalian said on Saturday, March 28, that the upper chamber’s Proactive Response and Oversight for Timely and Effective Crisis Strategy (PROTECT) Committee was preparing its interim report--including initial recommendations--to address the country’s fuel supply concerns amid...
Two government assistance programs are being implemented in the Philippines to help public utility drivers cope with rising fuel prices triggered by the ongoing conflict in the Middle East. Although both programs aim to support the country’s transport sector, they differ in design and...
Senator Loren Legarda is set to file the Bayanihan Power to the People Act, or the so-called Bayanihan 3 Law, which seeks to establish a decisive government framework in addressing the impacts of the global oil crisis on Filipino households and the national economy. Legarda stressed that Executive...
The distribution of P5,000 cash relief assistance to motorcycle (MC) taxi riders is currently underway today, March 28, at the Kartilya ng Katipunan near Manila City Hall. Authorities said a total of 3,989 motorcycle taxi riders are expected to benefit from the cash assistance program. The...
The Catholic Bishops’ Conference of the Philippines (CBCP) has endorsed the renewal of the country’s consecration to Jesus through the Divine Mercy devotion amid ongoing national and global crises. CBCP president and Lipa Archbishop Gilbert Garcera said the initiative responds to continuing...
Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian reaffirmed the agency’s mandate to provide social protection during crises, as he denied allegations of irregularities in the distribution of cash relief assistance (CRA) to public utility vehicle (PUV) drivers....
Malacañang welcomed proposals to adopt work-from-home (WFH) arrangements amid rising fuel prices but said the decision ultimately rests with private companies. Presidential Communications Office (PCO) Undersecretary Claire Castro said the Palace sees the proposal as beneficial in reducing fuel...
Negotiations on the South China Sea issue between the Philippines and China, as well as between the Association of Southeast Asian Nations (ASEAN) and China, are pushing through despite adjustments to in-person meetings placed by foreign governments to curb the effects of the looming oil supply...
Billionaire Ramon S. Ang is reviving a proposal to sell Petron Corp. back to the government, framing the move as a way to bolster energy security while the nation grapples with a declared national energy emergency. The offer from the San Miguel Corp. chairman and chief executive officer comes as...
Malacañang said it is not closing its doors to recommendations to implement a price freeze on oil as the country reels from the impact of the ongoing Middle East conflict. Palace Press Officer and Communications Undersecretary Claire Castro said on Friday, March 27, that a price freeze is under...
The Makabayan bloc in the House of Representatives have filed measures seeking to repeal the much-panned Oil Industry Deregulation Act, as well as the imposition of a billionaire wealth tax amid successive and hefty fuel price hikes. Lodged by the militant solons at the legislative chamber were...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
