HANOI, Vietnam (AP) — Farmers around the world are feeling the squeeze of the Iran war. Gas prices have shot up and fertilizer supplies are waning due to Tehran 's near shutdown of the Strait of Hormuz in retaliation for U.S. and Israeli bombing. The fertilizer shortage is putting the...
With tough times ahead, austerity is the new buzzword. Yes, Virginia, we are in belt-tightening mode. The legs of inflation have walked their way into every aspect of basic services, with no apparent de-escalation of hostilities on the horizon. As an emerging economy, the Philippines is believed to...
President Marcos believes that the price of palay could increase with the help of agricultural facilities such as cold storage, warehouses, and drying areas. According to Palace Press Officer and Communications Undersecretary Claire Castro, Marcos believes that the previous price of palay at P16...
Shell Pilipinas Corp. reported a 69 percent surge in full-year net income for last year, overcoming volatility in global oil markets through a shift toward high-margin commercial segments and leaner logistics. In a disclosure to the Philippine Stock Exchange on Thursday, March 26, Shell Pilipinas...
With the country now under a state of national energy emergency, regulators have moved swiftly to contain the impact of surging global fuel prices, suspending the power spot market and rolling out emergency measures to stabilize electricity supply and prices. To reduce supply risks amid the...
Senator Risa Hontiveros urged the government on Monday, March 23, to urgently respond to the mounting challenges faced by the public transport drivers and commuters as fuel prices continue to climb. “Yung isang unit ng modern jeepney ngayon, lugi na ng P1,000 kada araw ng biyahe (Drivers are...
Malacañang said President Marcos supports the proposed P50 price cap for imported rice as part of efforts to keep food prices stable. In her press briefing on Monday, March 23, Presidential Communications Office (PCO) Undersecretary Claire Castro said the proposal, put forward by the Department of...
COTABATO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) assured on Tuesday that fuel stations across the region are compliant with prevailing market trends, following a week-long monitoring effort. Since last week, the Ministry of Environment, Natural Resources and Energy...
President Marcos on Tuesday assured Filipinos that food supply and prices remain stable despite rising global oil prices, saying there is no need to hoard as the government keeps the situation under control. Marcos said this as he led a joint price and supply monitoring activity of the Department...
A bill that is seen to address the impact of rising global oil prices inches closer to being felt by Filipinos after the Senate approved it on third and final reading on Tuesday, March 17. Voting 17-0-0, the Upper Chamber approved Senate Bill No. 1982 or An Act Authorizing the President to Suspend...
Thousands of transport workers in Manila will receive financial assistance as the city government rolls out P17.3 million in fuel subsidies to help drivers cope with the continuing rise in global oil prices. The assistance, provided through the fuel subsidy program of the Department of Social...
Manila City Mayor “Isko Moreno” on Monday announced the early release of P1.76 billion in financial assistance, incentives, and barangay shares to support residents and keep the city’s economy moving, to help Manileños from the impact of rising global oil prices. The funding package, sourced...
