News
News Page 53 of 76
MBC warns of ‘chilling effect’ on media coverage of justice system after arrest of DZRH reporter Boy Gonzales
The arrest of DZRH justice beat reporter Misael “Boy” Gonzales could create a “chilling effect” on journalists covering courts and public officials, after he was taken into custody over a data privacy complaint tied to his report on a Manila City councilor accused of lascivious conduct involving a…
Oil surges; Brent back at $100 as Iran steps up attacks on Gulf shipping
BEIJING/SINGAPORE, March 12 (Reuters) – Oil prices jumped on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oil-flow disruptions through the Strait of Hormuz. Brent futures rose $8.54, or 9.28%, to $100.52 a…
Lacson files bill to modernize PH anti-espionage law, impose life imprisonment for spies
Senate President Pro Tempore Panfilo “Ping” Lacson has filed a measure seeking to strengthen and modernize the Philippines’ anti-espionage laws, including provisions dating back to 1941. Lacson’s Senate Bill No. 33, or the “New Anti-Espionage Act,” seeks to increase penalties for espionage and…
The world’s youngest billionaire is 20 years old, according to the Forbes’ 2026 list
Believe it or not, there are more Gen Z billionaires today than ever before, according to Forbes. Based on the Forbes World’s Billionaires list, 35 people reached billionaire status before age 30. They account for just 1% of the world’s 3,428 billionaires — but that share is up by 0.4 percentage…
Isko Moreno inspects Manila gas station, warns vs fuel price abuse
Manila City Mayor Francisco “Isko” Moreno Domagoso conducted a surprise inspection at a gasoline station in Santa Cruz, Manila on Thursday morning, March 12, to ensure fuel retailers comply with government price directives amid rising oil costs. Domagoso said the inspection was part of the city…
Marcos to certify as urgent bill granting him emergency powers to address oil price hikes
President Ferdinand “Bongbong” Marcos Jr. said he would certify as urgent a bill granting him emergency powers to lower excise taxes on fuel amid rising oil prices driven by the conflict in the Middle East. Speaking to reporters in New York on Wednesday (Manila time), the President said the…
Shares steady, oil turbulence deepens over Middle East war fears
SINGAPORE, March 11 (Reuters) – Shares steadied on Wednesday following a retreat in oil prices, but contradictory signals from the U.S.-Israeli war on Iran kept investors anxious over the risks to inflation and global growth. A pullback in oil came after the Wall Street Journal reported that the…
The Philippines’ richest: Enrique Razon tops Forbes’ 2026 billionaires list
Ports and casino magnate Enrique Razon Jr. is the richest Filipino on the 40th annual Forbes World’s Billionaires List. The list released by Forbes showed that there are 15 billionaires in the Philippines, led by Razon. Razon’s net worth surged by more than 50% to $16.5 billion, equivalent to…
Oil shocks could ‘further erode’ Filipinos’ purchasing power — think tank
The escalating conflict in the Middle East could further weaken Filipinos’ purchasing power, think tank and research group IBON Foundation said. IBON noted that the Philippines is “extremely vulnerable to global price shocks,” as the country imports around 95% of its petroleum requirements. “Of…
Lacson reveals Marcoleta talking points lifted directly from China’s foreign affairs ministry website
Senate President Pro Tempore Panfilo “Ping” Lacson on Tuesday, March 10, revealed that several talking points used by Senator Rodante Marcoleta regarding the Kalayaan Island Group mirror statements published on the official website of the Ministry of Foreign Affairs (MFA) of the People’s Republic…
Rewind: Phoenix Petroleum awards Hidilyn Diaz with lifetime free fuel in 2021
Olympic gold medalist Hidilyn Diaz is trending again on social media as Filipinos recall the reward she received from Phoenix Petroleum Philippines after her historic win at the 2020 Tokyo Olympics. In 2021, Diaz delivered the Philippines’ first-ever Olympic gold medal, earning millions of pesos…
Trump vows Iran war will ‘end very soon’
President Donald Trump said Monday that US military operations in Iran would be ending soon, reassuring markets that have been thrust into chaos by a war still reverberating across the Middle East. The war had sent stock markets slumping and oil prices soaring on Monday as Tehran, under new leader…
DepDev simulates Middle East conflict impact on PH economy: Diesel could reach P96/L, March inflation up to 7.5%
As the U.S.–Iran conflict escalates, the Department of Economy, Planning, and Development (DepDev) said the agency developed two scenarios to simulate the war’s potential impact on the Philippine economy. DepDev Planning Undersecretary Rosemarie Edillon presented Scenario 1 and Scenario 2 in the…
Oil firms roll out staggered fuel hikes as prices surge up to P24/liter
Oil companies in the Philippines will implement staggered fuel price increases this week, with total adjustments expected to reach as much as P24.25 per liter for diesel and over P10 per liter for gasoline, according to the Department of Energy (DOE). Industry players including Pilipinas Shell…
Vietnam to remove fuel tariffs amid supply disruption due to Iran war
Vietnam is planning to remove its import tariffs on fuels to ensure supplies amid disruptions caused by the military conflict in the Middle East, the government said. The tariff removal is expected to last until the end of April, the government said in a statement issued late on Sunday…