Tag: Oil Shock

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Power giant Meralco braces for oil shock

Energy & Mining Context.ph Context.ph -
Manila Electric Co. chairman Manuel V. Pangilinan said the country’s largest power distributor is reviewing its fuel mix as tensions in the Middle East threaten to push electricity costs higher.

PCCI urges Philippine defenses vs oil shock

Economy Context.ph Context.ph -
The Philippine Chamber of Commerce and Industry has urged swift and decisive action as geopolitical tensions following US and Israeli military strikes on Iran rattle global markets and threaten to derail the Philippines’ fragile recovery.

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DA begins fuel subsidy rollout for farmers; fisherfolk aid continues

Agriculture 0
The Department of Agriculture (DA) has secured P50 million to start distributing fuel subsidies to farmers affected by rising oil prices.

P1.84B irrigation project in Isabela set for public consultation

Agriculture 0
The Department of Environment and Natural Resources–Environmental Management Bureau (DENR-EMB) will hold a public consultation on April 7, 2026, for the proposed Paculago Small Reservoir Irrigation Project in Sta. Maria, Isabela.

FINEX urges deeper markets to sustain growth

Markets 0
The Financial Executives Institute of the Philippines is calling for faster development of the country’s capital markets, warning that sustaining economic growth will require broader, more reliable sources of long-term funding.

Peso slips to P60 vs USD, stocks wobble on oil shock

Economy 0
The peso is likely to stay under pressure after breaking the 60:$1 mark, with volatility risks skewed to the upside, according to analyst Michael Ricafort. The currency closed at a record P60.10 on March 19 as renewed Middle East tensions drove oil prices higher—fueling inflation concerns and widening the country’s trade gap.

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