DOE considers changing fuel price advisory format amid Middle East volatility
The Department of Energy (DOE) announced on Monday that gasoline prices per liter could either fall by as much as P1 or rise by up to P1 this week, while diesel and kerosene rates will definitely see increases. Diesel is expected to go up by P2.62 to P4.62 per liter, and kerosene by P2.22 to P4.22 per liter. Last week, gasoline could have dropped by up to P1.75 or increased by a maximum of P0.25, while diesel and kerosene were permitted rollbacks ranging from P1.57 to P3.57 and P1.70 to P3.70 respectively. As of today, only Seaoil has released its official price adjustments, taking effect at 6 a.m. on July 14: gasoline will rise by P1 per liter, diesel by P4.60, and kerosene by P2.30 across the board.
Jocelyn Forge powers savings with COREnergy electricity deal
Pole line hardware manufacturer Jocelyn Forge, Inc. (JFI) has signed a retail electricity supply agreement with COREnergy, seeking lower power costs and a more reliable energy supply as manufacturers increasingly turn to competitive electricity sourcing to improve efficiency and protect margins.
GAC Philippines joins CAMPI amid local expansion drive
Chinese automaker GAC International Philippines has joined the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), strengthening its role in shaping industry policies as it accelerates its expansion in one of Southeast Asia's fastest-growing automotive markets.
DOF says property tax reform gives LGUs flexibility on rates
The Department of Finance (DOF) sought to dispel concerns over the newly enacted Real Property Valuation and Assessment Reform Act (RPVARA), saying the measure does not automatically raise property taxes and instead gives local governments wide latitude to cushion any impact on taxpayers.
Pujalte named DOH chief as Herbosa resigns
President Ferdinand R. Marcos Jr. has appointed Philippine Orthopedic Center chief Dr. Jose Brittanio Pujalte Jr. as health secretary following the resignation of Dr. Teodoro "Ted" Herbosa, who stepped down for health reasons, Malacañang announced Monday. Palace Press Officer Claire Castro said Herbosa recently underwent a medical procedure and is expected to spend three to four months in rehabilitation. Herbosa had served as Department of Health chief since June 2023. Pujalte, an orthopedic surgeon and veteran public health administrator, has led the Philippine Orthopedic Center since 2014 and has more than three decades of government service. (Marjohara Tucay)
