Fuel prices surge for the fourth consecutive week due to ongoing Middle East conflict, with diesel reaching P134.30 per liter and gasoline hitting P112.40 per liter, impacting transportation and household budgets.
The Bicol Region's minimum wage rises by P20 starting April 8, part of a P45 total increase approved by the Regional Tripartite Wages and Productivity Board after consultations and public hearings.
The Department of Energy assures the Philippines has a 45-day oil supply buffer, with current inventories detailed for gasoline, diesel, and other fuels. The government is actively purchasing additional diesel reserves to bolster security.
The Makati Business Club argues the government is downplaying the oil price situation as a 'price disruption' rather than a crisis to avoid public panic, citing diesel over P100/liter and peso depreciation.
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The Miss Universe Philippines 2026 swimsuit competition in Boracay significantly increased tourist arrivals, hotel occupancy, and social media exposure, promoting the island as a premier destination.
PISTON-Cebu and allied groups held a noise barrage in Cebu City to protest continuous oil price hikes, demanding government action and a nationwide transport strike on March 27.
The Department of Transportation and Philippine Ports Authority temporarily reduce RORO Terminal Fees to P1 for vehicles carrying agricultural goods to ease high oil price impacts.
President Ferdinand R. Marcos Jr. has declared a state of national energy emergency to shield the Philippines from the impacts of escalating Middle East conflicts, as per Executive Order No. 110 issued on March 24, 2026.
The Senate questioned the Department of Energy for its failure to maintain oil reserves, following warnings of a potential crude supply crisis in the Philippines.
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Defend Jobs Philippines criticizes the government for inadequate response to the transport sector's oil price crisis, demanding long-term solutions like tax reforms and law revisions.
The Department of Labor and Employment calls on legislators to rely on robust data and thorough analysis when crafting wage policies to ensure fair worker income and economic stability, respecting congressional autonomy.
The Bureau of Internal Revenue expresses confidence in achieving its 2026 collection goal, citing strong early-year performance and national development support.
The Department of Justice emphasizes that the Villar family must swear their counter-affidavit in front of prosecutors handling market manipulation and insider trading complaints filed by the SEC.
President Ferdinand Marcos Jr. has declared a State of National Energy Emergency in response to the Middle East conflict, signing EO 110 to authorize the Uplift committee for coordinated measures to stabilize energy supply and protect the economy.
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The Metropolitan Cebu Water District announces a water rate increase starting April 2026, citing high costs from private suppliers. This comes as oil prices surge due to Middle East tensions, creating a dual financial strain on consumers already facing ri
President Marcos Jr. personally oversaw the distribution of fuel subsidies to public utility drivers and operators to mitigate rising oil prices due to Middle East tensions. The DOTr allocated P2.5 billion to benefit over 1.4 million individuals.
The Department of Energy projects diesel prices exceeding P130 per liter and gasoline over P100 per liter, driven by Middle East tensions. Secretary Sharon Garin cites subsidies in other Asian countries and the Oil Deregulation Law as factors affecting lo
Economist Ronilo Balbieran highlights that while global oil price spikes pose a temporary challenge, weak infrastructure spending is the real threat to the Philippines' economic growth, which remains resilient but below potential.
Cebu-based Top Line Business Development Corp. reports stable fuel inventory for 3-4 weeks and files for a P1.5 billion preferred share offering to fund vertical integration, including direct importation and retail expansion.
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Senator Francis Escudero has filed Senate Bill 1993 to establish a government-owned crude oil storage facility with a capacity of 90-180 days' supply, costing up to P60 billion, to protect the Philippines from global supply disruptions and price volatilit
The Philippine peso's stability near P60 to the US dollar masks deeper structural vulnerabilities. While not a crisis, the currency's weakness stems from import dependency, narrow exports, and limited policy space, highlighting the need for economic refor
Rising fuel costs driven by global tensions and inflation are pushing street food vendors to the brink, forcing tough choices between raising prices or accepting lower earnings in a daily battle for survival.
Real estate magnate Joe Soberano marked his 70th birthday at Patria de Cebu, joined by family and Apo Hiking Society stars. The event highlighted family tributes and community celebrations, including Dr. Zenda Garcia Lat's birthday and Dr. Stephanie Tiro
Lapu-Lapu City Government insists on securing full funding for the Ibo-Pajo coastal road before the fourth bridge project moves forward to prevent traffic bottlenecks. Rep. Junard Chan highlights the need for a ready road network ahead of bridge completio
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Transport groups in Panay held a transport holiday on March 23, 2026, protesting rising fuel prices and demanding government intervention. Organizers announced a broader transport strike scheduled for March 26 as part of nationwide actions.
Clark Development Corporation partners with South Korea's Luxia Corporation for a P4.4 billion investment in a high-end mixed-use development, boosting the MICE economy and bilateral relations.
Transport groups and activists in Cebu City protested a looming fuel price hike with a noise barrage, as a Senate measure proposes giving the President authority to suspend excise taxes amid rising global oil prices due to the US–Israel–Iran conflict.
Senators Loren Legarda, Bam Aquino, and JV Ejercito call for government to declare a national crisis as Middle East tensions drive fuel prices to record highs, with diesel potentially exceeding P130 per liter.
As ASEAN chair, the Philippines is championing the ASEAN Petroleum Security Agreement to enhance regional energy resilience. Senator Chiz Escudero emphasizes the need for collective action to stabilize fuel supplies during crises.
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The Philippine government announces reductions in air and sea terminal fees, including a drastic cut for agricultural Roro vehicles, to stabilize commodity prices amid Middle East-driven fuel hikes.
