Palace to Study 4-Day Work Week Amid Middle East Crisis
Malacañang is open to studying a 4-day work week proposal as an energy-saving measure, prompted by rising tensions between Iran and Israel that threaten oil prices and the economy.
Category : Business
DPWH Inspects Marikina Flood Control Project
DPWH Secretary Vince Dizon led an inspection of the Marikina flood control project, highlighting funding shortages delaying the Pasig-Marikina River Channel Improvement Project and its incomplete drainage system.
Philippine Debt Hits Record P18.13 Trillion in January
The Philippines' national debt surged to a new high of P18.13 trillion by the end of January 2026, marking an 11.2% increase from the previous year, according to Bureau of Treasury data.
DA Readies P100-M Fuel Aid for Farmers, Fisherfolk
The Department of Agriculture is preparing a P100 million fuel subsidy for farmers and fisherfolk in response to expected oil price hikes due to Middle East tensions, with funds already downloaded for distribution.
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P25M Smuggled Crocs Seized in Pampanga Raid
Authorities in Pampanga raided a warehouse, confiscating P25 million worth of smuggled Crocs footwear after the owner failed to present legal documents for the goods.
Philippine Banking Deposits Hit P20.9 Trillion with Insurance Boost
The Philippine Deposit Insurance Corporation reports a 7.3% rise in banking deposits to P20.9 trillion as of September 2025, driven by a P1 million insurance coverage increase and strong growth in individual and corporate accounts.
BSP Raises Cash Withdrawal Threshold to ₱1 Million
The Bangko Sentral ng Pilipinas has increased the cash withdrawal limit requiring enhanced due diligence from ₱500,000 to ₱1 million to streamline legitimate transactions while maintaining anti-money laundering safeguards.
Middle East Tensions May Hike Philippine Power, Fuel Costs
Rising geopolitical tensions in the Middle East are impacting global energy markets, potentially increasing electricity and fuel prices in the Philippines, warns Davao Light and Power Company.
Transport Groups Seek Fuel Subsidies as Oil Prices Rise
Local transport operators in the Philippines are calling for urgent government action, including fuel subsidies and service contracting, to prevent fare hikes due to rising oil prices linked to Middle East tensions.
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Cebu Governor: Stable Fuel, Rice Supply Amid Middle East Tensions
Governor Pamela Baricuatro confirms stable fuel and rice supplies in Cebu despite Middle East tensions, but warns against price manipulation by retailers.
Davao Light Expansion: Consumers Demand Accountability
Following Supreme Court rulings, Davao Light's expansion into Davao del Norte and Davao de Oro proceeds. Consumers outline expectations for cheaper rates, reliable power, and transparency.
Cebu Governor Cuts Quarry Firm's Tax Bill from P1.2B to P211M
Cebu Governor Pamela Baricuatro has reduced Apo Land and Quarry Corp.'s tax assessment from P1.218 billion to P211.56 million, citing legal grounds for removing extraction fees on private land. The settlement awaits Provincial Board approval.
Cebu Transport Seeks Fuel Subsidies, Not Fare Hikes
Cebu's transport cooperatives are urging the government to implement fuel subsidies instead of raising fares to shield commuters from escalating travel expenses driven by global oil price surges.
Philippine Stocks, Peso Fall on Middle East War Concerns
The Philippine Stock Exchange index dropped 2.13% to 6,307.84, and the peso weakened to P58.57 against the dollar, driven by investor anxiety over Middle East tensions impacting oil prices and inflation.
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DTI Launches Cacao Facility in Tuburan to Boost Farmers' Income
The Department of Trade and Industry has inaugurated a P1.89-million Shared Service Facility in Tuburan, Cebu, enhancing the local cacao value chain and supporting 400 farmers with advanced processing equipment.
BSP Raises Cash Withdrawal Due Diligence to P1M
The Bangko Sentral ng Pilipinas has increased the cash withdrawal threshold for enhanced due diligence from P500,000 to P1 million to streamline legitimate transactions while maintaining anti-money laundering safeguards.
Accor's ibis Styles Hotel to Anchor Cebu Yacht Club Redevelopment
A landmark hotel management agreement between Accor and Cebu Yacht Club Development Corporation paves the way for a 150-room ibis Styles hotel, marking the first phase of a comprehensive waterfront transformation project in Mactan, Cebu.
Cebu Governor Warns Businesses on Price Hikes Amid Crisis
Cebu Governor Pamela Baricuatro has issued a stern warning to retailers and businesses against unjustified price increases, particularly for rice, citing stable local food supplies despite Middle East tensions.
LTFRB Advises Fuel Subsidy Card Validation to Avoid Payout Delays
The LTFRB has advised qualified fuel subsidy beneficiaries to validate or replace their cards promptly to prevent delays in payouts, as President Marcos Jr. announces plans for targeted subsidies amid rising oil prices due to Middle East tensions.
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Philippines Assures Stable Fuel Supply Amid Middle East Conflict
Energy Secretary Sharon Garin confirms domestic fuel reserves are adequate, with oil companies holding triple the minimum requirement. Measures are underway to ensure stability despite Middle East disruptions affecting 98% of crude imports.
PAL A350-1000 Lands in Davao, First in Mindanao
Philippine Airlines introduces its new Airbus A350-1000 to Davao City, marking its first deployment in Mindanao. The flagship jet features upgraded cabins and aims to boost premium travel in the region.
TPB Philippines & TripZilla Launch Multi-Market Tourism Campaign
The Tourism Promotions Board Philippines has launched a strategic partnership with TripZilla to execute a multi-market digital campaign across Asia and global regions, leveraging TripZilla's 20 million monthly reach to enhance the Philippines' visibility
Supreme Court Upholds Davao Light's Expanded Franchise
The Supreme Court of the Philippines has dismissed petitions challenging the constitutionality of Republic Act No. 12144, affirming Davao Light's expanded electric distribution franchise and enabling an orderly transition in service areas.
Philippines Fuel Supply Stable Amid Middle East Tensions
The Department of Energy confirms the Philippines' fuel supply remains sufficient and stable despite Middle East tensions, with no disruptions to deliveries nationwide, including Mindanao.
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Philippines Expands Palm Oil in Mindanao to Reduce Imports
The Philippine government is ramping up oil palm development in Mindanao, targeting it as the nation's primary edible oil hub to slash imports, enhance rural incomes, and fortify food security through increased investments and strategic initiatives.
Escudero Calls for Oil Price Contingency Plan Amid Middle East Tensions
Senator Francis 'Chiz' Escudero urges the Department of Energy to implement a contingency plan to protect consumers and industries from potential oil price spikes due to Middle East tensions.
Cebu Tourism Officers Crack Down on Online Booking Scams
The Cebu Association of Local Tourism Officers (Calto) is strengthening its campaign against online booking scams in Cebu, collaborating with authorities and media to protect tourists as the summer season approaches.
Cebu Plans CNA Training for Women, Solo Parents in Healthcare Push
Cebu Provincial Government explores a Certified Nursing Assistant program for women and solo parents, modeled on a U.S. framework, to address hospital staffing needs and create job opportunities.
Philippine Fertility Below Replacement, Study Finds
A PIDS study shows Philippine fertility has dropped to 1.8 children per couple, below replacement level, with gaps between desired and actual family sizes across income groups.
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Marcos: PH Has Enough Oil Supply, But Prices May Rise
President Ferdinand Marcos Jr. confirms the Philippines has 50-60 days of fuel reserves but warns ongoing Middle East tensions could drive up oil prices. Plans include subsidies and free bus rides to mitigate economic effects.
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