Governments, businesses, and households must act quickly to reduce oil consumption as markets remain under strain, the International Energy Agency said, outlining a set of urgent measures to ease pressure on supply and prices.
Energy Secretary Sharon Garin said the Philippines has secured “safe and preferential access” through the Strait of Hormuz, a move aimed at reducing supply risks amid rising global tensions, but one that will not immediately lower pump prices.
Globe Telecom has partnered with a group of international firms to develop the Candle Cable System, a major undersea network aimed at improving internet connectivity across Southeast and East Asia.
Converge ICT Solutions Inc. has announced a temporary nationwide speed increase for its FiberX internet plans to help customers cope with rising fuel costs and their impact on daily expenses and mobility.