Mideast conflict spurs oil price surge, warns Jetti Petroleum
The recent escalation of conflict in the Middle East, following U.S. military involvement in Israel-Iran tensions, is expected to add upward pressure on global oil prices due to rising insurance and freight costs, according to Jetti Petroleum Inc. president Leo Bellas.
Smuggled diesel seized in La Union Port raid
The Bureau of Customs (BOC) has seized ₱219.5 million worth of smuggled diesel fuel at the Port of La Union in an operation targeting the illegal paihi fuel transfer scheme.
ERC clears 629 MW in direct grid ties for clean energy push
The Energy Regulatory Commission (ERC) has cleared five power generation projects—totaling 629.384 megawatts (MW)—to build and operate dedicated point-to-point transmission lines for direct connection to the national grid.
DA drafts bill seeking regulatory, marketing powers for NFA
The Department of Agriculture (DA) is putting the final touches on a draft bill restoring the critical functions of the National Food Authority (NFA)—a move seen as central to stabilizing rice supply and prices in the country.
DA optimistic of higher agriculture output in 2Q
Agriculture Secretary Francisco P. Tiu Laurel Jr. expressed confidence in a better second-quarter performance for agriculture, as improved weather conditions and stronger, more timely interventions ordered by President Ferdinand Marcos Jr. are expected to drive a significant rise in rice and corn output.
