In a joint statement released Thursday, May 28, the Philippine Department of Energy (DOE) and Japan’s Ministry of Economy, Trade and Industry said Manila is working on establishing a long-term petroleum stockpiling system, including the development of new storage facilities. Read more »
The Cebu provincial government formally entered into a memorandum of understanding (MOU) with MTD Philippines Inc. on May 19 for the proposed development of the Balili property in southern Cebu. Read more »
Filipino scientist develops plant-based mosquito repellent offering a safer, eco-friendly alternative to chemical insecticides. “Mox Oil” shows promising results in lab tests and could help protect families from mosquito-borne diseases. Read more »
More Filipinos are considering hybrid and electric vehicles as rising fuel prices and energy concerns push consumers to explore more cost-efficient transportation options, according to Deloitte. Read more »
The Asian Development Bank may again lower its Philippine economic growth forecast amid rising inflation, high oil prices, and ongoing global economic uncertainties. Read more »
The Bangko Sentral ng Pilipinas is considering a possible off-cycle interest rate hike as inflation risks worsen due to rising oil prices, peso weakness, and global supply pressures. Read more »
