Cebu City Payroll Delays Affect 956 Job Order Workers

Incomplete documentary requirements and processing bottlenecks have caused delayed salaries for at least 956 job order workers in Cebu City, with unpaid amounts estimated at P84 million. The Human Resource Development Office cites issues in submission and

Davao Market Prices Surge 70% Amid Fuel Crisis

Bankerohan Public Market in Davao City sees spice, vegetable, and fruit prices skyrocket up to 70% due to rising petroleum costs. The city government is implementing sustainable farming and subsidies to ensure food security.

Davao Malls Cut Hours for Energy Conservation

Major shopping centers in Davao City will shorten operating hours starting March 30, 2026, to manage electricity consumption during ongoing energy concerns. SM, Ayala, and Vista Malls lead the initiative.

Food Prices to Rise Due to Middle East Oil Crisis

Several food companies in the Philippines are set to increase prices by 7-10% starting April 1, driven by rising oil costs from Middle East unrest. Logistics costs have surged up to 75%, affecting deliveries and prompting stockpiling by retailers.

Marcos: Crude Oil Supply Secure Until June 2026

President Ferdinand Marcos Jr. guarantees the Philippines has enough crude oil supply until June 30, 2026, as the government works to secure imports amid Middle East tensions. The DOE confirms receipt of a diesel shipment to bolster national energy securi

Fuel Price Surge Sparks Confusion Over Food Costs

Consumers face uncertainty as rising fuel prices threaten to drive up food costs, with industry leaders warning of price hikes while government officials emphasize voluntary price stabilization efforts.

Fuel Price Surge Disrupts Supply Chains, Inflation Fears Rise

Rising fuel prices are driving up logistics costs and threatening price hikes for goods, with manufacturers warning of increases up to 5% starting April 1. Retailers are absorbing costs to delay adjustments, but staples like rice and vegetables are alread

Oil Shocks Threaten Asia's Family-Run Real Estate Businesses

Geopolitical conflicts in the Middle East are driving oil price volatility, revealing how deeply Asia's family-owned real estate sector depends on petroleum. Construction materials, logistics, and operations face immediate cost pressures, forcing next-gen

BSP Unconcerned as Peso Weakens, Businesses Warn of Costs

The Bangko Sentral ng Pilipinas says the peso's drop to around P60 per dollar is not alarming, but business groups in Cebu warn it is already driving up prices for imports like fuel and goods, urging early action to prevent economic slowdown.

Strategies to Mitigate Global Oil Crisis Impact

Explore comprehensive strategies to minimize the economic, social, and political impacts of the world oil crisis triggered by the Iran-US-Israel conflict, including energy diversification and international cooperation.

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