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Worker shortage, rising costs to slow healthcare growth
The expansion of the country’s healthcare industry may slow this year on rising costs and shortage of medical practitioners even as the demand for health services among Filipinos is on an uptrend......»»
DTI allows manufacturers to downsize certain goods to offset rising costs
MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Wednesday that manufacturers of essential goods can maintain profitability amid rising production costs by reducing product sizes or weights, instead of increasing prices. Trade Assistant Secretary Amanda Marie Nograles explained during the televised Bangon Pilipinas briefing that the DTI permitted this adjustment for.....»»
March inflation climbs to 3.7% due to soaring food, transport costs
The country's inflation accelerated to 3.7%, driven by increased food and transportation costs, according to the Philippine Statistics Authority's report on Friday......»»
Palworlds Monthly Server Costs Reach $500k – The Daily Guardian
Title: Palworld’s Phenomenal Success Puts CEO in a Bind: Rising Server Costs Threaten Bankruptcy Subtitle: Indie Game Palworld Surpasses Records with 19 Million Copies Sold,.....»»
BSP: Inflation surpassed target in March
Inflation likely continued its uptick in March but breaching the target of the central bank for the first time in three months amid more expensive electricity costs, oil and food prices......»»
Man-made disasters cost Philippines 164.87 mln USD in 2023
MANILA, March 26 (Xinhua) -- Man-made disasters caused the total damage in the Philippines worth 9.29 billion pesos (164.87 million U.S. dollars) in 2023, the Philippine Statistics Authority (PSA) said Tuesday. The agency said that out of the total annual damage, 4.93 billion pesos (87.5 million dollars), or 53.1 percent, was due to the oil spill. "The reported oil spill in various regions resulted in dam.....»»
Iran s Navy Seizes Oil Tanker in Gulf of Oman
DUBAI, UNITED ARAB EMIRATES - Iran's navy seized an oil tanker on Thursday in the Gulf of Oman that once was at the center of a major crisis between Tehran and Washington, officials said. The seizure further escalates tensions in the Mideast waterways.The vessel was once known as the Suez Rajan and was involved in a yearlong dispute that ultimately saw the U.S. Justice Department seize 1 million barrels of Irani.....»»
LGU to lift state of calamity over Mindoro oil spill
The municipal government of Pola in Oriental Mindoro will lift the state of calamity it declared over the area following the massive oil spill caused by the sinking of the motor tanker Princess Empress last year......»»
SC: DOE may take over oil industry in emergencies
The Supreme Court has ruled that the Department of Energy may take over oil industry operations in times of emergency upon the directive of the country’s president......»»
Global oil demand to grow by 1.9 million bpd in 2024
LONDON (Reuters) -Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by energy research company Wood Mackenzie, a forecast close to the Organisation of the Petroleum Exporting Countries’ (OPEC) estimate for 2024. In remarks shared with delegates at a Wood Mac briefing on Wednesday during the.....»»
Argentine oil producers rebel against Milei government
A number of regions have threatened to withhold supplies in what has turned into a standoff with the president Argentina's key oil-producing provinces have threatened to cut supplies to the rest of the country if President Javier Milei presses ahead with a plan to slash funding and withhold billions in federal tax rev.....»»
Empress execs indicted over Mindoro oil spill
Criminal charges have been recommended against the executives of a shipping company that owns and operates the motor tanker Princess Empress, which sank and caused a massive oil spill in the waters off Oriental Mindoro and nearby areas last year......»»
Criminal raps recommended for MT Princess Empress owners in Mindoro oil spill
The Department of Justice recommended the filing of criminal charges against owners and corporate officers of Motor Tanker Princess Empress over the oil spill in Oriental Mindoro in February 2023......»»
DOE backs emergency takeover of oil industry
The Department of Energy is ready to take over oil firms in case of a national emergency after the Supreme Court upheld its emergency takeover power......»»
Mindoro oil spill damage valued at P41.2B — report
The sinking of oil tanker MT Princess Empress in Oriental Mindoro last year caused at least P41.2 billion worth of damage to the environment and coastal communities, according to a report by a sustainability think tank......»»
‘Oil, grease still found in Oriental Mindoro waters’
High concentrations of oil and grease remain off the coast of several towns in Oriental Mindoro a year after the motor tanker Princess Empress sank, according to an environmental group......»»
MOU on crude coconut oil export to Europe
The Philippine Coconut Authority has inked a memorandum of understanding with Ares Merchants Philippines Inc. and Limketkai Manufacturing Corp. to jointly produce mosh moah free or EU-compliant crude coconut oil to be refined by the first Filipino-owned refinery in Europe......»»
Oil prices up for fourth straight week
Here are the oil price adjustments in the last week of January......»»
Another oil price hike set on January 30
Here is the expected increase in oil prices for the last week of January......»»
Oil prices hit fresh five-month high
Oil prices scored fresh five-month peaks Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output......»»