Consumers will still feel the pinch of higher oil prices at the pumps next week, although calculated adjustments will be coming at relatively moderate amounts compared to the past two weeks. Based on the estimates of the oil companies, the price of gasoline products will rise by P0.50 to P0.90 per...
The progress of many economies on their energy transition agendas will weaken demand growth for oil commodities in the years ahead, according to Paris-based global think tank International Energy Agency. But while oil consumption will be on decline, there are projections that oil production on...
Consumers’ drive to the gas pumps entails new wave of financial pain, as prices will be on uptick again, based on the pricing advisories of the industry players. According to the price adjustment notices sent by the oil companies, the price of diesel products will rise by P1.75 per liter; while...
Another round of heavy blow will wreck consumers’ pockets next week, as big-ticket oil price hikes will be reigning anew at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise by P1.40 to P1.80 per liter,...
Amid soar in weather temperatures, demand for electricity in the country had reached its boiling point this week, as the highest demand of 14,016 megawatts on Wednesday (April 24) breached the peak demand projection of the Department of Energy (DOE) for this year. And while the country’s power...
Which is faster on the draw than Cupid’s arrow that can steal the ‘thrill of romance’ on Valentine’s Day? Electricity consumption! Wait, what?! Alright, so you’ve already spent for your dreamy dates, chocolates and roses. Well, watch out next for your electric bills – it could flutter...
Lopez-led First Gen Corporation is lining up massive investments of $20 billion, approximately equivalent to P1.123 trillion, until year 2030 to sustain its market share of 20 percent in terms of kilowatt-hour production to serve the growing electricity needs of Filipinos. The seven-year humongous...
The online video industry in the Philippines was seen to generate $419 million revenues in 2022, but pervasive online video piracy outperformed robust growth as it facilitated higher revenue leakage estimated at $781 million in that same year, accounting for an alarming 53 percent of legal video...
The Philippine property market in 2023 is projected to experience sustained return of demand for all key sectors, including retail, hospitality, industrial, and office, with more expansion activities in the provinces, according to a leading property management consultancy firm. Rick Santos,...
The government should loosen supply caps and drivers' onboarding requirements to come up with the 100,000 transport network vehicle services (TNVS) licenses needed to fill 2023's demand for rides. Grab Philippines Senior Director for Operations Ronald Roda made the statement during a presscon on...
As pent-up demand continues to drive international air travel, Asia Pacific airlines carried 12.1 million passengers in October, an eight-fold increase versus the 1.4 million in the same month last year, according to the Association of Asia Pacific Airlines (AAPA). Overall, passenger traffic...
The recovery in air travel remains strong, based on the International Air Transport Association (IATA)'s first half of the year passenger data released last night, August 4. “Demand for air travel remains strong. After two years of lockdowns and border restrictions people are taking advantage of...
