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...
Amid the challenges facing both drivers and commuters as fuel prices continue to rise, small acts of kindness continue to stand out—like a jeepney passenger who paid extra fare and got off immediately, leaving the change for the driver in Quezon City. In a Facebook post on March 23, jeepney...
CURRIMAO, Ilocos Norte – The municipal government of Currimao has announced the suspension of some activities of the annual Dinaklisan Festival, traditionally held on the last week of April, in compliance with the national government 's directive under Executive Order No. 110 declaring a...
The 142,000 barrels (approximately 22.578 million liters) of diesel fuel scheduled to be formally received by Energy Secretary Sharon Garin this weekend will be unloaded at the bulk storage facility of independent player Seaoil Philippines in Mabini, Batangas, a government source privy to the...
The House of Representatives can multi-task in terms of advancing relief measures amid the fuel price crisis and exacting accountability during Vice President Sara Duterte 's impeachment proceedings. Thus, said House Deputy Speaker La Union 1st district Rep. Paolo Ortega V, as he shrugged off...
BAGUIO CITY – Most bus companies serving this city have reduced regular trips by 30 percent in line with fuel conservation measures due to overseas conflict. Police Lt. Col. James Allen Dogao, chief of the Baguio City Police Office-Traffic Enforcement Unit, said bus companies have increased their...
Fuel prices are expected to offer a slight reprieve to motorists next week following a period of aggressive “big time” hikes, as easing geopolitical tensions in the Middle East begin to cool global energy benchmarks. According to industry data based on the four-day trading Mean of Platts...
The United States has asked the Philippines, one of its closest allies hardly hit by its ongoing conflict with Iran, regarding its current energy needs, as the country battles a national energy emergency, Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro has bared. Lazaro said "the...
Senator Robin Padilla has called on the Philippine government to revive its longstanding claim over Sabah , citing the territory’s oil resources as the country grapples with rising fuel costs due to tensions in the Middle East. In a Facebook post addressed to President Marcos, Padilla said...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
President Marcos said proposals to repeal the Oil Deregulation Law and remove the value-added tax (VAT) on fuel are being studied, but stressed that the government is focused on immediate measures to ease the impact of rising oil prices. “As I said before, nothing is being discounted,” he told...
In line with fiscal discipline amid the fuel price crisis, House Deputy Speaker Iloilo 1st district Rep. Janette Garin is calling on the national government to temporarily defer non‑essential research projects in agencies, as well as certain Gender and Development (GAD) activities, in accordance...
