Tag: Strait of Hormuz

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Strait of Hormuz closure push oil prices past $100/barrel

Energy & Mining Context.ph Context.ph -
Global oil prices surged sharply, with Brent Crude for May delivery breaching USD100 per barrel for the first time in nearly four years as Iran threatened to keep the Strait of Hormuz closed amid escalating tensions with the US and Israel.

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Record Q2 palay harvest masks looming El Niño risks

Agriculture 0
Philippine palay production surged to a record second-quarter high, giving the government a timely boost in its bid to stabilize rice prices, although an expected weather-induced slowdown later this year underscores the fragile nature of the gains.

FedEx speeds Philippines exports with Australia cargo route

Transport & Logistics 0
Philippine exporters stand to benefit from faster access to the Australian market after Federal Express Corp. (FedEx) introduced a new dedicated freighter service that shortens delivery times and strengthens regional supply chain connectivity.

DPWH uses laser-guided paving tech for faster, smoother EDSA rehabilitation

Transport & Logistics 0
The Department of Public Works and Highways (DPWH) has rolled out computer-guided paving technology to speed up the repair of EDSA while delivering better road quality and causing less hassle to the public.

Filreit net income climbs 34% in first half of 2026

Corporate 0
Filinvest REIT Corp., or Filreit, the real estate investment trust of the Gotianun group, reported on Tuesday that its net income for the first six months ending June rose 34 percent to P874 million, up from P650.74 million in the same period a year earlier.

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