Senator Paolo “Bam” Aquino IV on Wednesday, April 8 called on the government to ensure that the country’s food security won’t be at risk amid soaring fuel costs and rising inflation. Aquino emphasized the need for immediate government action on food security during the Senate Committee...
The push for renewable energy (RE) has seemingly become en vogue among congressmen due to the effects of the fuel price crisis, whch have placed a huge spotlight on the disadvantages of fossil fuel dependence. In recent weeks, a handful of lawmakers have championed pro-RE measures, with some going...
CAGAYAN DE ORO CITY – The city government on Tuesday declared a state of energy emergency and approved the release of a P400-million calamity fund. During the session, the city council approved Resolution No. 2026-203 to help various sectors cope with the ongoing oil price hike resulting from...
The Marcos Jr. administration’s chief economic manager assured on Tuesday, April 7, that the Philippine government has enough resources to tackle the oil crisis head-on, given an improving fiscal position with rising revenues coupled with prudent spending on public goods and services. “Our...
Presidential Communications Office (PCO) Secretary Dave Gomez has filed charges against those behind the spread of false energy lockdown advisories online. Gomez lodged the complaint before the Department of Justice (DOJ) on Tuesday afternoon, April 7, against the administrators of a Facebook...
To expand domestic energy development amid the ongoing global price and supply volatility, the Department of Energy (DOE) announced that two new petroleum service contracts (SCs) will soon begin operations. In a statement on Tuesday, April 7, the DOE said that President Ferdinand R. Marcos Jr....
DUMAGUETE CITY – Negros Oriental Gov. Manuel Sagarbarria on Monday issued an order instituting austerity measures within the provincial government relative to the national state of energy emergency as declared by President Ferdinand R. Marcos Jr. Sagarbarria outlined the temporary restrictions in...
House Assistant Majority Leader Lanao del Sur 1st district Rep. Zia Alonto Adiong says "consequences" must be meted out to individuals who deliberately spread false information about the ongoing national energy emergency. Adiong, in a statement Monday, April 6, reckoned that those who exploit the...
Ayala-led renewable energy (RE) firm ACEN Corp. remains the largest retail electricity supplier (RES) in the market, having taken over the majority of the franchise area of Manila Electric Co. (Meralco). According to Philippine Electricity Market Corp. (PEMC), ACEN’s RES arm captured 71 percent...
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...
The Office of the Vice President (OVP) on Monday, April 6, announced that it has shifted to a four-day on-site workweek with a one-day work-from-home (WFH) arrangement, in line with the government’s push to reduce energy consumption amid global uncertainties. “The Office of the Vice President...
The Philippines is facing an inflationary shock that could spill over to slower economic growth, potential job losses, and more capital market outflows amid a prolonged Middle East conflict, according to the World Bank. The global oil price and supply shock wrought by the war in Iran would “raise...
