Despite the reported ceasefire between Israel and Iran, Sen. Raffy Tulfo reminded the Department of Transportation (DOTr) to still continue monitoring the average price of the Dubai crude oil to ensure that the fuel subsidy for PUV drivers and riders will be promptly distributed once its price has...
The Philippines signed an agreement with the United States (US) for technical assistance in the construction of the Subic-Clark-Manila-Batangas (SCMB) Railway, a major component of the Luzon Economic Corridor (LEC), which is expected to attract investments. The Department of Transportation (DOTr)...
Despite delays, the Metro Manila flood control project being funded by loans from the Washington-based World Bank Group (WBG) and the China-led Asian Infrastructure Investment Bank (AIIB) has so far benefitted over half a million residents in flood-prone areas. “To date, more than 600,000 people...
The Philippines’ fuel ethanol consumption is projected to grow by as much as five percent this year, as the steady growth of car sales and the government’s large-scale infrastructure projects drive high demand beyond conventional fuel sources, according to the United States Department of...
The Department of Trade and Industry (DTI) said prices of basic necessities and prime commodities remain stable despite the recent surge in fuel prices. In a statement, the DTI said it is actively working with local manufacturers to maintain the current prices of goods despite a hike in fuel prices...
The Department of Transportation (DOTr) is targeting to start the privatization of the operations and maintenance (O&M) of Light Rail Transit Line 2 (LRT-2) before the year ends, as the government eyes further improvements to the rail line. Transportation Secretary Vince Dizon said the agency has...
Senate President Francis “Chiz” Escudero is considering filing a bill that would grant standby authority to the Department of Finance (DOF) or the President to temporarily reduce oil taxes in response to global fuel price spikes triggered by geopolitical crises, such as the ongoing Iran-Israel...
The Department of Energy (DOE) has announced the winners of the third round of its Green Energy Auction (GEA-3), bringing in renewable energy sources including pumped-storage hydropower, impounding hydropower, geothermal, and run-of-river technologies. In a statement, the DOE said that several...
Department of Agriculture (DA) Secretary Francisco Tiu Laurel is warning consumers against buying imported onions after samples taken from a public market in Manila tested positive for E. coli. Last week, Laurel ordered a more stringent campaign against onion smuggling after finding imported red...
President Marcos’ chief economic manager has ordered the finalization of a cooperative agreement between the Bureau of Customs (BOC) and its Hong Kong counterpart to enhance trade facilitation. Currently a draft, the bilateral customs cooperative arrangement also aims to protect consumers “from...
Seven priority bills ratified by the House of Representatives before the 19th Congress ended two weeks ago are expected to be signed by President Ferdinand Marcos Jr., making the total priority measures the highest number of enacted laws since the 10th Congress. Reports showed that the 19th...
The local unit of Singapore-based e-commerce giant Shopee is rolling out proactive measures to ensure full compliance by sellers on its platform with the law cracking down on illegal activity in online shopping. In a statement to Manila Bulletin, Shopee Philippines said it will maintain its...
