The current fuel price crisis could quickly morph into a food crisis if the necessary interventions aren 't taken. Tingog Party-list Rep. Jude Acidre gave this warning on Monday, April 6, ahead of another round of hefty pump fuel price hikes. "The ongoing fuel crisis is not just a...
A bill seeking to institutionalize the government’s response to the energy crisis has been filed in the Senate. Senate Bill No. 2020, which Sen. Loren Legarda has filed, seeks to recognize the existence of a national emergency arising from the 2026 global oil crisis that stemmed from the...
The Bangko Sentral ng Pilipinas (BSP) has likely exhausted its window for monetary easing as resurgent price pressures threaten to breach the upper limit of its target range, according to the ASEAN+3 Macroeconomic Research Office (AMRO). While the Philippine economy shows signs of stabilizing...
A ranking congressman from Manila is batting for a targeted subsidy program for middle class workers and micro, small and medium enterprises in lieu of an emergency measure patterned after pandemic-era "Bayanihan" laws. Manila 2nd district Rep. Rolando Valeriano, chairman of the House Committee on...
The government is maintaining its ₱360 billion excise tax target for this year, betting on domestic resilience even as the government prepares to potentially sacrifice billions in fuel revenue to offset Middle East oil shocks. This comes despite the likelihood that President Ferdinand Marcos Jr....
Businesses that demonstrate greed in times of crises--including the current phase of runaway fuel prices--will not be spared by the government. Thus, said Senator Francis "Kiko" Pangilinan, who on Black Saturday, April 4 reckoned that businessmen and traders must never profit from other people’s...
The Philippine economy is currently in a strange, uncomfortable middle ground. While the numbers for the early part of the year looked okay on paper, the experience at the grocery store or the gas station today feels very different. Interest rates are holding steady at high levels, the peso is...
Stressing that the current fuel price crisis isn 't the Filipinos ' own doing, Cavite 2nd district Rep. Lani Mercado-Revilla says the government must take it upon itself to provide the people with immediate relief. “Hindi kasalanan ng Pilipino ang krisis na ito, pero sila ang unang...
Motorists and transport operators are bracing for another double-digit spike in fuel prices next week, as volatile shift in Middle East geopolitical rhetoric continues to rattle global energy benchmarks. Based on four days of trading under the Mean of Platts Singapore (MOPS), the regional pricing...
This Lenten season is an opportunity for us to reflect on the challenges we’re facing brought about by the Middle East conflict and how it will shape our daily behaviors, thoughts, and relationships. Yes, Virginia, all of us—advanced and emerging economies alike—are feeling the pain and...
Senator Sherwin Gatchalian on Thursday, April 2 lauded the government for securing a “safe passage” deal with Iran, saying it is a major win for the country which is still reeling from the impact of the oil crisis due to the ongoing conflict in the Middle East. Gatchalian, chairman of the...
ILOILO CITY – The municipality of New Lucena became the second local government unit (LGU) in Iloilo province to declare a state of calamity due to the fuel crisis caused by the Middle East war. “The municipality of New Lucena is currently experiencing the adverse effects of a fuel crisis...
