The World Bank Group (WBG) said it is stepping up support for emerging market (EM) economies like the Philippines, as the ongoing Middle East conflict drives up commodity prices and disrupts global logistics, posing new risks to growth and food security. In a statement on Thursday, March 26, the...
Alsons Consolidated Resources Inc., the publicly listed power arm of the Alcantara Group, reported a slight decline in full-year net income for last year as the company’s push into renewable energy was tempered by impairment losses from its fossil-fueled power plants. In a statement, the energy...
President Marcos’ declaration of a state of national energy emergency is a calculated move. Clearly, the government intends to stay ahead of a brewing storm. And in an era where geopolitical tensions can send crude prices soaring overnight, timing is everything—and by most expert accounts, the...
The House of Representatives needs to look into the outrageous prices of diesel in the Philippines, which according to a lawmaker is outpacing those other countries in Asia. Making this call for a House inquiry on Thursday, March 26 was Senior Citizens Party-list Rep. Rodolfo "Ompong" Ordanes, who...
The government received its initial shipment of imported diesel on Thursday, March 26, marking the start of a state-led effort to stabilize domestic fuel stocks and insulate the economy from global price volatility. The Department of Energy said the agency took delivery of approximately 22,578,000...
Prime Energy Resources Development NV and its partners are on track to begin gas production from the fourth phase of the Malampaya deep-water gas-to-power project by the final quarter of 2026, following successful drilling results at a key offshore well. The Camago-3 well, located in offshore...
The Department of Foreign Affairs (DFA) said Thursday, March 26, it will continue to look for possible partners around the world without compromising the Philippines ' interests after the arrival of Russian oil in the country. In a statement, the DFA reiterated its pronouncement deferring...
Citicore Energy REIT Corp. (CREIT), the first renewable energy real estate investment trust in the country, reported steady net income for 2025 as its portfolio of solar power land maintained full occupancy and yielded payouts that exceeded regulatory requirements. In a filing with the Philippine...
Senator Sherwin Gatchalian urged government agencies on Thursday, March 26, to act swiftly to secure additional petroleum supplies amid growing uncertainty in the global market. Gatchalian said this during the second organizational meeting, specifically calling on the Department of Energy (DOE)...
A unified government framework is needed to effectively address the global fuel and energy disruptions amid the continuing conflict in the Middle East, Sen. Francis “Chiz” Escudero said on Thursday, March 26. Escudero made the call as he welcomed President Marcos’ signing of Executive Order...
State-run pension fund Government Service Insurance System (GSIS) is off to a strong start with its Ginhawa Solar Energy Loan (GSEL) program, racking up over 1,200 applications worth nearly ₱400 million in less than 24 hours after its launch on Wednesday, March 25. “The rollout of GSEL is our...
The declaration of a state of national energy emergency, precipitated by the escalating conflict in the Middle East, underscores the Philippines’ vulnerability to external shocks. As a nation heavily dependent on imported fuel, geopolitical instability in a region central to global energy supply...
