NICOSIA, Cyprus (AP) — The Iran war 's shock to global fuel prices has reinforced Europe 's stance that it must forge alternative trade and energy routes to the Strait of Hormuz. Here is a look at what the European Union is contemplating to bolster its energy security and minimize the...
President Marcos and Russian President Vladimir Putin have agreed to explore new opportunities for cooperation in food security, energy, trade, and investment, with both leaders noting significant untapped potential in Philippine-Russia relations despite steady economic ties. The two leaders met in...
Recently, the PNB Board and Senior Management, led by Chairman Ed Cua and President Edwin Bautista, attended an energy briefing conducted by Department of Energy (DOE) Undersecretary Rowena Cristina Guevara. She certainly impressed the PNB Board and inspired confidence as a public official. She...
SINGAPORE — The Philippines is among the countries best positioned to help meet Asia’s rapidly growing electricity needs, with its rich geothermal resources as well as expanding wind and solar sectors offering significant potential for renewable energy (RE) development, according to...
Petroleum prices may return to normal within six months to one year as the United States (US) and Iran move closer to a deal that could end the war in the Middle East, according to the Department of Energy (DOE). Energy Secretary Sharon Garin announced on Monday, June 15, a maximum price rollback...
To boost the national government’s response to the ongoing energy crisis, the state-run Maharlika Investment Corp. (MIC) has remitted ₱1.38 billion in cash dividends to the Bureau of the Treasury (BTr). This remittance represents 75 percent of the fiscal year (FY) 2025 net earnings of the...
As more Filipinos rely on mobile and internet connectivity for work, education, emergencies, and everyday life, Globe is accelerating its shift toward renewable energy and more energy-efficient technologies to help strengthen network resilience amid rising fuel costs and growing energy-related...
VIENNA, Austria — The Philippines is seeking emergency assistance from the United Nations’ nuclear watchdog to re-evaluate potential atomic power sites after the powerful 7.8 magnitude earthquake devastated parts of Mindanao, damaging local communities and regional power infrastructure. Heanu...
The Washington-based International Monetary Fund (IMF) said it stands ready to deploy support to the Philippines should it request assistance during the ongoing Middle East war, assuring close engagement with local authorities through surveillance and policy advice. This remained the IMF’s...
Renewed tensions in the Middle East and escalating shipping disruptions, which trigger severe oil price shocks, are straining consumers and global economic growth alike. Since we import the vast majority of our energy requirements, these tensions have unmasked the fragility of the country’s power...
Even as President Donald Trump boosts coal over clean energy, solar power is hitting new milestones in the U.S. and remains the leading source of new power. Data released Wednesday by global energy think tank Ember, along with a report by the Solar Energy Industries Association and analytics firm...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
