Rising global energy prices driven by Middle East tensions are posing growing risks to the Philippine office real estate sector, as higher power costs threaten tenant demand, rental growth, and asset values, according to property consultancy Colliers. In an April 16 report, Colliers Philippines...
State-run Social Security System (SSS) is earmarking roughly ₱60 billion in financial assistance and benefit support, accelerating the scheduled pension hike and loosening loan requirements to shield members from an energy-crisis-induced spike in living costs. Robert Joseph M. de Claro, SSS...
The country risks pushing 1.3 million more people into poverty as an energy crisis and record-high fuel prices threaten to drive the national poverty rate to 14.4 percent, the state-run Philippine Institute for Development Studies (PIDS) warned. Before the Middle East conflict triggered a national...
The fuel crisis is formidable, no doubt about it. But addressing it is as formidable for lack of concerted effort. But what if, in the face of this deepening crisis, we choose unity over division, action over accusation, cooperation over conflict? What if, even for a brief moment, we set aside the...
Caloocan City 2nd district Rep. Edgar "Egay" Erice has filed a measure that would limit prices of diesel to a maximum of ₱70 per liter, as part of possible legislative responses to elevated pump fuel prices in the country. Dubbed as the proposed Diesel Cap Act, the measure was patterned after...
Vice President Sara Duterte on Wednesday, April 15, criticized the administration’s handling of the ongoing price crisis in the Philippines, linking it to rising inflation and alleging that the lack of relief for Filipinos stems not from limited resources but from the misuse of public funds for...
President Marcos has called for a unified regional response to the ongoing energy crisis, warning that no country in Asia can withstand global supply shocks alone. Speaking at the Asia Zero Emission Community (AZEC) Plus Online Summit, Marcos said the current crisis has exposed shared...
Senator Joel Villanueva on Wednesday, April 15 welcomed the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) for its decision not to make the use of GPS a compulsory requirement for public utility vehicle (PUV) drivers participating in the...
Warm meals and on-the-ground assistance reached drivers and commuters in Tondo, Manila, as the city government continued its “Hot Meals on Wheels” program on April 14 and 15, coinciding with the start of a three-day transport strike on April 15. On its first day on Tuesday, April 14, the...
The Bureau of Customs (BOC) is fast-tracking shipments of essential goods to prevent additional costs under a state of national energy emergency. Responding to an April 8 Presidential directive from the Office of the Executive Secretary (ES), Customs Commissioner Ariel F. Nepomuceno mobilized all...
Local bakery owners in Manila have started receiving the P25,000 financial assistance from the Francisco “Isko Moreno” Domagoso administration on Tuesday, April 14, marking the rollout of a city program aimed at keeping staple bread prices steady for the next 30 days. The distribution follows...
Apart from the P4,000 payout previously provided, the Manila local government will distribute another P4.9 million worth of fuel assistance to jeepney drivers participating in its Libreng Sakay Program. Manila Mayor Francisco “Isko Moreno” Domagoso said the assistance will be in the form of...
