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Big-time oil price rollback set on May 7
Oil firms will implement a big-time oil price rollback in oil products on Tuesday, May 7......»»
Oil price rollback expected next week
Lower pump prices for petroleum products are expected next week, with the Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimating an oil price decrease of around P1 to P1.20 per liter for gasoline, P0.40 to P0.60 per liter for diesel, and P0.45 to P0.65 per liter for kerosene......»»
5th oil price hike set February 6
Oil firms will implement an oil price hike for the fifth straight week......»»
Another oil price hike set on January 16
Oil firms will observe an oil price increase in the third week of January......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Oil price hike set on April 9
Oil firms will observe an increase in oil prices in the second week of April......»»
Oil price cut set on March 12
Oil firms will implement a decrease in oil prices on March 12......»»
Oil Prices Set to Drop After 5 Weeks of Increases
Oil companies to reduce fuel prices on Tuesday, following five consecutive weeks of price increases. Oil prices in Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell are expected to roll back to PHP 0.60 per liter of gasoline and PHP 0.10 per liter of diesel. Meanwhile, Caltex, Seaoil, and Shell are also set to lower […].....»»
‘High-level’ US trade mission to arrive in PH next week
MANILA, Philippines — The Department of Trade and Industry announced that a “high-level” US trade delegation is arriving next week to enhance “commercially meaningful partnerships.” According to DTI Foreign Trade Service Officer Jollan Llaneza, the delegation, led by US Commerce Secretary Gina Raimondo, will meet with President Ferdinand Marcos Jr. and Trade Secretary Alfredo Pascual......»»
Trade Minister heads to Abu Dhabi for key WTO negotiations
Trade Minister Todd McClay travels to Abu Dhabi in the United Arab Emirates for the 13th Ministerial Conference of the World Trade Organisation (WTO) today, to take up his role as Vice Chair of the negotiations.The Ministerial Conference is the highest decision-making body within the WTO and meets every two years. Trade ministers will negotiate the reform of agriculture trade rules, E-commerce, fisheries subsidi.....»»
Big-time oil price cut expected on May 14
Another big-time oil price rollback is expected during the second week of May......»»
Big-time oil price rollback expected on May 7
A big-time oil price rollback is expected on the first week of May......»»
Big-time oil price hike amid Holy week exodus
Big-time oil price hike amid Holy week exodus.....»»
Weakened purchasing power causes 20% drop in Panaad Festival sales
Weakened purchasing power causes 20% drop in Panaad Festival sales.....»»
‘STAY INDOORS’ | Extreme heat causes suspension of classes until April 2
‘STAY INDOORS’ | Extreme heat causes suspension of classes until April 2.....»»
Guadalupe fire: Unattended cooking, electrical short circuit eyed as possible causes
CEBU CITY, Philippines – Fire investigators are considering unattended cooking and electrical short circuit as the possible causes of the fire that broke out in a roadside home in Brgy. Guadalupe, Cebu City on Thursday. Senior Fire Officer 2 (SFO2) Wendell Villanueva, the public information officer of the Cebu City Fire Station (CCFS), said they.....»»
Stalled truck causes 4-hour traffic jam
Stalled truck causes 4-hour traffic jam.....»»
Sudden closure of portion of Osmeña Blvd. causes traffic
Sudden closure of portion of Osmeña Blvd. causes traffic.....»»
MGB Exec: Davao de Oro town landslide due to natural causes
MANILA, Philippines — The landslide in a Davao de Oro town mining village that left 27 people dead and 100 others missing was due to natural causes, an official from the Mines and Geosciences Bureau (MGB) disclosed Saturday. MGB chief geologist Beverly Brebante cited persistent rains that occurred in the province since late January, terrain.....»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»