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...
BACOLOD CITY – This highly-urbanized city will form a monitoring team to oversee all gas stations as fuel prices continue to rise due to the overseas conflict. This was discussed during an alignment meeting led by City Administrator Mark Mayo attended by Mayor Greg Gasataya at the Bacolod City...
LEGAZPI CITY – Consumers and small business owners in Albay said Wednesday they are adopting practical ways to manage expenses as concerns over possible increases in commodity prices persist amid the ongoing crisis in the Middle East. Vilma Perez, 47, a housewife from a minimum-wage-earning...
The country’s infrastructure program faces potential cost increases from rising global oil prices but construction projects nationwide will continue as planned, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said Tuesday, March 10. Dizon said many government infrastructure...
Senators are now seeking to grant the President authority to suspend or reduce taxes on petroleum products during times of global oil supply disruptions due to external shocks. Sen. Francis “Chiz” Escudero and Sen. Francis “Kiko” Pangilinan each filed separate bill empowering a sitting...
Sixteen gasoline stations in Echague, Isabela were issued notices of violation for allegedly selling overpriced petroleum products. Their violations were discovered during an inspection conducted by the Municipal Fuel Monitoring and Enforcement Team (MFMET) under Executive Order No. 07, Series of...
BACOLOD CITY – The Police Regional Office-Negros Island Region (PRO-NIR) has intensified monitoring and coordination efforts with partner agencies and local government units (LGUs) to ensure the stability of fuel supply and maintain peace and order amid global developments that could impact oil...
Senator Sherwin Gatchalian believes that the Philippines could struggle to hit its 5 percent economic growth target this year due to lingering domestic challenges and the escalating tensions in the Middle East. In a radio interview with Usapang Senado over DWIZ on Saturday, March 7, Gatchalian was...
CEBU CITY – Mandaue City has formed a task force that will intensify price monitoring in the city. The creation of the task force mandated to conduct regular inspections of basic commodities and ensure price stability was finalized during a special meeting of the Price Monitoring Council on...
