The Philippine peso plunged to an all-time low of P59.87 per US dollar on Monday, driven by a strong dollar and Federal Reserve policies. This marks the fourth consecutive day of decline, sparking market anxiety and economic implications.
The Metropolitan Manila Development Authority has formally reinstated heat stroke breaks for traffic enforcers and street sweepers, providing 30-minute rest periods per shift until May 31, 2026.
President Ferdinand Marcos Jr. has certified the bill amending the Biofuels Act of 2006 as urgent, aiming to mitigate rising oil prices and enhance national energy security amid geopolitical tensions.
House Speaker Faustino 'Bojie' Dy III announced a government-wide effort to swiftly pass legislation allowing temporary suspension of mandatory biofuel blending, following President Marcos Jr.'s urgent certification.
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DOE Secretary Sharon Garin expresses hope that the Malampaya East-1 gas reserve can be utilized soon to help address the intensifying oil crisis, pending technical and investment approvals.
Prosecutors have granted the Villar family and their company a one-month extension to submit counter-affidavits in the SEC's market manipulation case, citing the upcoming Holy Week as a key consideration.
The Philippines has reached an all-time high in oil prices following a second consecutive major price hike, as confirmed by the Department of Energy. Secretary Sharon Garin warns of even higher costs in remote areas, with increases nearing P50 for diesel.
The International Energy Agency has authorized the immediate release of strategic oil reserves to Asia-Pacific nations to counter supply shortages from Middle East tensions, marking the largest emergency action in history.
The Philippines is exploring oil imports from Russia as part of a strategy to diversify fuel sources, aiming to reduce local prices and ensure supply stability amid Middle East tensions affecting current crude imports.
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The National Food Authority confirms sufficient rice stocks nationwide, with over 2.3 million metric tons in buffer reserves, ensuring supply for three months amid high consumer demand for government-subsidized rice.
Businessman Anthony Pangilinan and his son, actor Donny Pangilinan, announce a P3 per liter diesel discount at their Cavite gas station to assist motorists struggling with soaring fuel prices due to Middle East tensions.
The National Food Authority is pushing for emergency powers to bypass middlemen and sell rice directly to consumers at lower prices, aiming to combat rising costs and stabilize the market.
A massive blackout in Cuba, caused by a national grid failure, has left nearly 10 million residents without power, exacerbated by a US oil blockade limiting fuel imports and straining the country's energy infrastructure.
The Maritime Industry Authority has authorized a maximum 20% fare adjustment for passenger and cargo vessels in response to anticipated double-digit oil price hikes, urging operators to optimize routes and capacity.
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The Department of Energy forecasts diesel prices could soar to P114 per liter in Metro Manila this week, despite oil companies staggering increases over days to ease the impact on motorists.
The Kilusang Mayo Uno labor group marched to the House of Representatives, demanding immediate passage of bills to raise the minimum wage to ₱1,200 nationwide, citing rising costs and inadequate pay.
Bantay Bigas group cautions that rice traders may exploit rising oil costs to lower palay prices during harvest, amid economic strain from Middle East tensions affecting fuel and food prices.
A Philippine congressman is advocating for the creation of a government-managed Strategic Petroleum Reserve to enhance energy security and protect the economy from global oil supply disruptions.
Malacañang dismisses calls for a state of national emergency over oil price shocks, asserting the Marcos administration has the situation under control with targeted subsidies and fee reductions.
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The Department of Labor and Employment encourages private companies to consider flexible work setups like four-day weeks or remote work to mitigate the impact of soaring oil prices and protect employee welfare.
Transport group MANIBELA declares the approved P1 fare increase for public utility vehicles inadequate as oil prices continue to surge, with drivers reportedly earning less than beggars.
The Department of Labor and Employment (DOLE) has re-launched its online portal, enabling employers and employees to submit grievances, access labor rights guidance, and track submissions with updated features.
Several tricycle drivers in Quezon City failed to receive P5,000 cash assistance as their names were absent from the beneficiary list, amid rising fuel prices and planned transport strikes.
Manufacturers of basic necessities and prime commodities have committed to the DTI not to increase prices for 30 to 60 days, covering items like canned sardines, bread, and soap to mitigate the impact of rising petroleum costs.
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The Department of Labor and Employment encourages private companies to implement flexible work setups, such as compressed weeks and telecommuting, to help employees save on commuting costs during high oil prices.
The Department of Energy confirms sufficient oil inventory for over 40 days, with measures against hoarding and plans to diversify sources, amid high prices and Middle East conflicts.
Airfares are set to rise from April 1 to 15, 2026, as the Civil Aeronautics Board increases fuel surcharges to Level 8, impacting both domestic and international flights due to global oil price volatility.
Land Bank of the Philippines and the League of Municipalities of the Philippines have signed a Memorandum of Agreement to enhance access to financing and technical support for 1,486 municipalities, aiming to improve public services and infrastructure.
President Ferdinand Marcos Jr. announces P3,000 fuel subsidies for 26,000 farmers and 26,000 fisherfolk, plus other measures to stabilize food supply and reduce costs amid rising fuel prices due to Middle East tensions.
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A 55-year-old doctor was arrested in Balamban for failing to remit SSS contributions for employees, released on bail, and faces court proceedings under the Social Security Act of 2018.
