The LTFRB warns eight bus companies operating to Bicol Region of franchise suspension or cancellation due to illegal fare increases during Holy Week, amid high passenger demand and rising fuel prices.
The Philippine peso closed at a historic low of P60.69 per US dollar, driven by Middle East tensions and rising oil prices. Analysts warn of higher inflation and potential investor confidence decline, while OFW families may benefit from stronger remittanc
A new Senate proposal seeks to impose price controls on petroleum products like diesel and gasoline during crises, extending coverage from 15 to 30 days to address gaps in current laws.
Following the declaration of a State of National Energy Emergency, the Bureau of Internal Revenue has issued a special permit to enable PNOC Exploration Corporation to conduct emergency fuel imports, ensuring continuous energy supply for the Philippines.
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The Philippines' fuel inventory has increased to 50.94 days, up from 45 days, due to recent purchases including diesel from Japan, as the DOE assures supply stability during the Middle East crisis.
Major Philippine business organizations endorse government efforts to secure alternative oil supplies as Middle East tensions threaten economic stability and consumer welfare.
A new round of oil price increases is effective today, with gasoline up by P2.50 per liter, diesel by P12.50, and kerosene by P2.00. The government assures a 50-day supply amid global price surges.
Five gas stations in Ilocos Norte have shut down due to an oil supply crisis linked to the ongoing Middle East conflict, as confirmed by police officials.
The Social Security System is considering a loan moratorium and condonation for employers, while DOLE allocates P1.2 billion for TUPAD to support displaced workers, including drivers and farmers, during the Middle East oil crisis.
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Batangas Port reports a 20-30% decrease in passenger traffic compared to last year, attributed to rising fuel and fare costs. Port Manager Aurora Mendoza emphasizes ongoing coordination with transport companies to ensure service quality.
The Bangko Sentral ng Pilipinas projects inflation could increase to 3.1–3.9% in March, driven by higher oil, rice, and electricity prices, along with a weaker peso, while lower costs for vegetables, fish, and meat provide some relief.
The LPG Marketers Association warns retailers against selling 11-kilo tanks above P1,500 in Luzon and P1,600 in Visayas and Mindanao, citing rising shipping costs and Middle East tensions.
The LPG Marketers Association warns consumers can report retailers selling 11-kg tanks above P1,500 in Luzon and P1,600 in Visayas/Mindanao to authorities, as prices may rise due to shipping costs.
The Department of Trade and Industry announces that price increases for some grocery items will be implemented after April 16, with manufacturers exercising caution to avoid customer loss.
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The Land Transportation Franchising and Regulatory Board has issued show cause orders to eight bus companies for implementing unauthorized fare increases, citing high oil prices. They face potential suspension or cancellation of their operating certificat
The Alliance of Transport Operators and Drivers Association of the Philippines warns that merely suspending the oil excise tax won't alleviate the burden of record-high fuel prices, which have surpassed P100 per liter in Metro Manila.
The Philippines' net external liability fell to US$50.8 billion by end-December 2025, a 2.5% decrease from the previous quarter, as foreign assets grew faster than external debts.
The Philippine peso closed at a new historic low of P60.74 per US dollar on March 31, 2026, driven by Middle East tensions and rising oil prices, with the stock market also declining sharply.
Traditional and modernized jeepney operators in Kalibo, Aklan, have voluntarily ceased operations amid unsustainable fuel price hikes, citing doubled expenses and insufficient government aid.
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The Bangko Sentral ng Pilipinas forecasts March 2026 inflation between 3.1% and 3.9%, driven by rising oil prices, higher rice costs, Meralco electricity rates, and peso weakness, while monitoring Middle East impacts.
The House of Representatives is advancing the Bayanihan 3 proposal to strengthen the Philippines' economic resilience against Middle East tensions, focusing on long-term solutions rather than financial aid.
The Civil Aviation Authority of the Philippines projects a 10% increase in airport passengers this Holy Week, reaching 550,000 travelers, as early reservations offset the impact of rising global oil prices.
The Alliance of Health Workers held a protest rally at the Department of Health central office, calling for salary increases, bonuses, allowances, and regularization of contractual employees amid rising living costs.
The Philippine government ensures no price hikes for essential goods until April 16, 2026, following DTI negotiations with manufacturers under the UPLIFT program.
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House Speaker Faustino Dy III warns that the Philippines' 95% dependence on imported petroleum makes it vulnerable to global supply shocks, advocating for natural gas and renewable energy alternatives.
A two-phase increase in liquefied petroleum gas prices begins today, approved by the DOE to mitigate consumer impact, with current stocks at 40 days.
The Bureau of Immigration has placed all personnel on full force as Holy Week travel peaks, expecting up to 45,000 daily international departures. Commissioner Joel Anthony Viado urges travelers to arrive three hours early and warns against fraudulent eTr
The Bacolod City Council has approved a resolution calling for immediate assistance to micro, small, and medium enterprises struggling with rising fuel costs due to the global oil crisis, proposing financial aid and low-interest loans.
Nearly 2,000 tricycle drivers and operators in Iloilo City will receive P5,000 fuel subsidies from the DSWD, with distribution starting April 8, 2026, to help offset rising fuel and commodity prices.
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Aboitiz InfraCapital highlights women's roles in infrastructure through its #WomenBuildForward campaign, showcasing diverse contributions from airports to digital networks, aligned with the national theme WEcanbeEquALL for a more inclusive future.
