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Sunday, 24 August 2025, 11:13 pm

    Energy

    Oil heads for weekly fall on demand worries, dollar strength

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    Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant.

    PNOC-EC seeks participation in Cadlao oil field off Palawan

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    State-run PNOC Exploration Corp. (PNOC-EC) is in advanced discussions to participate in drilling for oil and gas production in northwest Palawan under service contract (SC) 6B.

    ThermaPrime completes drilling additional geothermal wells

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    ThermaPrime Drilling Corp. has completed drilling 12 geothermal production wells and three multilateral injection wells for the Philippine Geothermal Production Co. Inc. (PGPC). The company...

    PSALM eyes cutting inherited burden by yearend

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    The Power Sector Assets and Liabilities Management Corp. (PSALM) looks to cut its financial obligations to P306.6 billion by the end of the year. Dennis...

    RE developers have until next week to join OCSP-4

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    Renewable energy (RE) developers looking to participate in Round 4 of the government's open and competitive selection process or OCSP-4 have until 29 August...
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    Context.ph

    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Transport & Communications

    DICT to lead drafting of IRR for Universal Internet Access Law

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    The Department of Information and Communications Technology (DICT) announced on Sunday that it will spearhead the drafting of the implementing rules and regulations (IRR) for the newly enacted Konektadong Pinoy Act, a landmark law aimed at delivering universal, reliable, and affordable internet access to all Filipinos.
    Agriculture

    CamSur cold storage facility on track for completion by year-end

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    The Department of Agriculture (DA) announced that the P500-million cold storage facility in Camarines Sur is on schedule for completion by December 2025.
    Energy

    Fuel price hikes set this week

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    Motorists and businesses should brace for another round of fuel price increases this Tuesday, with Jetti Petroleum Inc. projecting hikes of P0.60 to P0.80 per liter for gasoline and P0.30 to P0.50 per liter for diesel. Kerosene is also expected to rise by around P0.10 per liter, according to the Department of Energy (DOE).
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