Tag: Oil Shock

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Filipinos rethink Holy Week travel amid rising costs

Travel & Tourism Context.ph Context.ph -
For many Filipinos, Holy Week marks one of the longest breaks of the year—a welcome pause to return to provincial towns, join the Stations of the Cross, visit churches, and watch the Senakulo. 

Fuel price surge nudges EV shift debate

Transport & Logistics Context.ph Context.ph -
A fresh report from Agile Data Solutions Inc. suggests the latest spike in global oil prices could reshape how Filipinos think about mobility, potentially accelerating interest in electric vehicles (EVs), but not without persistent hurdles.

Marcos declares state of national energy emergency 

Top News Context.ph Context.ph -
President Ferdinand Marcos Jr. on Tuesday declared a state of national energy emergency through Executive Order No. 110, citing the growing economic risks posed by escalating geopolitical tensions in the Middle East.

Economic Planning chief warns oil shock may worsen poverty, slow growth

Economy Context.ph Context.ph -
Economic Planning Secretary Arsenio Balisacan cautioned lawmakers that a prolonged Middle East conflict could trigger a severe economic shock in the Philippines, with surging oil prices threatening to reverse gains in poverty reduction.

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

Economy Context.ph Context.ph -
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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Central banks must adopt for AI era— BSP chief

Banking & Insurance 0
Central banks around the world must prepare to seize both the opportunities and navigate the challenges brought by artificial intelligence while upholding their key missions of keeping prices steady and financial systems secure.

STI Holdings’ assets climb 10% to P18.7B

Corporate 0
STI Education Systems Holdings Inc. (STI Holdings) grew its consolidated assets by 10 percent to P18.69 billion in the financial year ended June 2026, as strong tertiary enrollment and continued investments in campus infrastructure and education technology supported its financial performance.

Monde Nissin trims capex, targets premium noodle market growth

Corporate 0
Monde Nissin Corp. has reduced its 2026 capital expenditure budget to P5.4 billion from about P6.5 billion, prioritizing a new biscuit manufacturing plant in Northern Luzon as it navigates softer noodle volumes and intensifying competition from premium imports.

ERC issues show cause orders against power firms over excessive unplanned outages

Energy & Mining 0
The Energy Regulatory Commission (ERC) has stepped up its drive to keep electricity supply steady, issuing 24 show cause orders to 13 power generation companies whose facilities repeatedly went offline beyond allowed limits. Released on October 14, 2026, these orders require the firms to submit verified explanations on why their units exceeded the allowable equivalent unplanned outage limits set under existing reliability rules.

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