The Department of Social Welfare and Development (DSWD) has ordered transport network companies (TNCs) to submit corrected and verified lists of driver-beneficiaries by Monday, April 27, as it moves to finalize validation procedures for its cash relief program for transport workers. DSWD Secretary...
Shell Pilipinas Corp. will slash fuel prices by ₱5 pesos per liter for one week starting Friday, as the local unit of the global energy giant seeks to capture larger share of the domestic retail market amid fluctuating global oil benchmarks. In a statement, Shell said the promotional discount,...
The Department of Social Welfare and Development (DSWD) said as much as ₱2.7 billion in financial assistance for transport network vehicle service (TNVS), motorcycle taxi, and delivery drivers could have been lost to duplicate or questionable entries if payouts were coursed through e-wallets...
ALAMINOS, Laguna – Police arrested three drivers and a helper for pilfering gasoline from a tanker on Wednesday night, April 22, on the Alaminos-Lipa Bypass Road in Barangay San Miguel, this town. The suspects were identified as drivers Roberto, 34; Fernan, 33; and Mark Paolo Samson, 29, and...
Diesel prices are set for another substantial reduction next week as regional benchmarks retreat, though renewed Middle Eastern volatility threatens to stall the downward momentum in gasoline prices. Based on the first three days of trading for the Mean of Platts Singapore (MOPS), the regional...
Sari-sari stores recorded a 90-percent surge in sales in March as rising global oil prices triggered widespread stockpiling among micro-retailers and households, according to homegrown tech startup Packworks. In a statement on Thursday, April 23, Packworks said that based on over one million...
Fuel retailers are on track to extend their streak of price rollbacks next week, though the pace of the decline is projected to moderate amid tightening regulatory environment and persistent Middle East volatility. Based on the first two days of trading for the Mean of Platts Singapore (MOPS), the...
Senate President Pro Tempore Panfilo “Ping” Lacson on Tuesday, April 21 expressed support to the Department of Energy’s (DOE) move to mandate fuel price adjustments, calling it a far better move than leaving the price modifications to the oil firms. Lacson pointed this out saying such...
Suspending the excise tax offers a better respite than telling oil companies to fully implement a fuel price rollback, Senator Risa Hontiveros said on Monday, April 20. Hontiveros pointed this out in response to President Ferdinand “Bongbong” Marcos, Jr.’s directive for oil companies to...
New York-based Moody’s Analytics expects the Bangko Sentral ng Pilipinas (BSP) to stand pat at this week’s policy meeting, despite a slightly worsening inflation outlook following the March price uptick. Analysts at Moody’s Analytics wrote in a commentary last Friday, April 17, that...
The Philippine automotive industry sustained its upward trajectory in March, as total vehicle sales climbed past 39,000 units, buoyed by the surge in demand for electrified vehicles (EV) amid the national energy emergency. Combined data from the Chamber of Automotive Manufacturers of the...
President Marcos said government fuel subsidies and fare discounts will continue as long as oil prices remain high, as he assured the public that more measures are being studied to ease the burden of the ongoing crisis. In an unexpected exchange with a college student following his inspection of...
