Economy
A fresh diesel shipment reached Luzon this week, pero ayon sa Rappler’s breakdown, the much-publicized 142,000 barrels are not enough to cover even one full day of Philippine diesel demand based on 2024 government consumption data.
Economy
The Philippines and Japan have signed fresh financing agreements for two major infrastructure projects, giving another big push to the Marcos administration’s transport build-out. The deals cover additional funding for the Metro Manila Subway Project and engineering services for
Economy
Malacañang said on Friday that a proposed price freeze on petroleum products is still being studied as Filipinos deal with four straight weeks of steep pump price increases. Palace Press Officer Claire Castro said the government is trying to balance consumer relief with the realities facing the oil
Economy
Ramon Ang / Petron | Source: GMA News Online
Economy
Philippine peso | Source: The Manila Times
Economy
Filipino households
Economy
The country’s biggest mall operators are cutting weekday operating hours starting March 30, a clear sign that the national energy emergency is now hitting everyday commercial life. Rappler reported that SM, Robinsons, Ayala, and Megaworld all announced schedule adjustments as part of broader power-conservation efforts. SM Supermalls, which runs
Economy
A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, giving the country a small but timely supply boost as officials deal with an energy emergency linked to the war in the Middle East. The vessel, the Sierra Leone-flagged Sara Sky, reportedly reached
Economy
The Marcos administration has approved a P20-billion emergency fund for the Department of Energy to help secure fuel supply and soften the impact of the country’s worsening oil crunch. Philstar reported that the money will be released through a special allotment release order and notice of cash allocation, with
Economy
The Philippines got a major energy boost on Thursday after President Ferdinand Marcos Jr. announced a fresh gas discovery at the Camago-3 well in the Malampaya gas field off Palawan. According to the report, Camago-3 can produce as much as 60 million standard cubic feet of gas per day. Marcos
Economy
Malacañang said President Ferdinand Marcos Jr. is willing to study a possible wealth tax as the government looks at more ways to raise revenue amid the fuel-price crunch.
Economy
Energy Regulatory Commission | Economy | Source: Rappler