News
News Page 54 of 76
Toyota, Hyundai, Chinese automakers seen facing biggest impact from US-Iran conflict — Bernstein
Toyota Motor Corporation, Hyundai Motor Company, and Chinese automakers such as Chery may be among the most affected by the US‑Israel conflict with Iran, analysts from Bernstein Research said in a report cited by CNBC. According to the report, international or non-domestic automakers account for…
Isko Moreno orders four-day work week at Manila LGU, extends office hours Monday to Thursday
Manila City Mayor Francisco “Isko” Moreno Domagoso has announced that the city government will adopt a four-day work week with extended hours for city offices, except for essential and frontline agencies. In his “Talk to the People” public broadcast on Monday, March 9, Domagoso said the city is…
Iraqi oil production collapses with Strait of Hormuz blocked by conflict, sources say
Iraqi oil production from its main southern oilfields has fallen by 70% to just 1.3 million barrels per day as the country is unable to export oil via the Strait of Hormuz due to the Iran war, three industry sources said on Sunday. Production from the fields stood at around 4.3 million bpd…
Oil soars, shares slide in Asia as Middle East conflict rages
Share futures fell sharply in Asia on Monday as the inflationary pulse from surging oil prices threatened to raise living costs, and perhaps interest rates, across the globe, while an investor hunger for liquidity kept the U.S. dollar in demand. Brent jumped 17% to $108.73 a barrel, having…
Fintech leader says PH private sector ready as government shifts to four-day workweek amid looming energy crisis
RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva said the Philippines’ digital platforms are ready to support a potential shift to a four-day workweek in the private sector. Villanueva made this observation as the government rolls out energy-saving measures…
Isko Moreno announces ₱32.3M aid for 20 Manila patients bound for life-saving liver transplants in India
Manila City Mayor Francisco “Isko” Moreno Domagoso met with families of 20 young patients under the city government’s Kaagapay Program on Friday afternoon, March 6, as the local government released ₱32,296,900.40 to fund life-saving liver transplant surgeries in India. Of the 20 patients, six will…
China’s EV makers increase overseas sales amid slowing domestic demand
Chinese electric vehicle (EV) manufacturers such as BYD, Great Wall Motor and Chery Automobile are becoming increasingly dependent on overseas markets as sales in China’s domestic EV market slow down. According to a report by the South China Morning Post, David Zhang, general secretary of the…
Inter-agency committee tells gov’t agencies: Set airconditioning units no lower than 24°C
The Inter-Agency Energy Efficiency and Conservation Committee (IAEECC) reminded government agencies to conserve energy amid the U.S.-Iran conflict. Tensions in the Middle East caused a surge in oil prices, reaching almost $83 per barrel on Tuesday, the highest since January 2025, as reported by…
DTI to adopt work-from-home Fridays starting March 13 as fuel-saving measure amid Middle East tensions
The Department of Trade and Industry (DTI) Central Office will implement a work-from-home arrangement every Friday beginning March 13, 2026 as part of government efforts to conserve energy amid rising global fuel market uncertainty linked to tensions in the Middle East. DTI Assistant Secretary…
Victory Liner implements ‘fuel-saving measures’, halts free ride privilege as oil prices rise
Bus company Victory Liner announced that it is implementing “fuel-saving measures” to reduce costs as oil prices rise due to the US-Iran conflict. In a statement, Victory Liner said: “Simula ngayon, bubuksan lamang ang makina at air-conditioning ng bus limang (5) minuto bago ang nakatakdang oras…
Ready for the heat? Six areas reach ‘danger’ heat levels, PAGASA reports
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) has recorded high temperatures in six areas, reaching 42°C, since Saturday, February 28. Based on PAGASA’s heat index, the following areas experienced “danger” levels of heat: February 28 March 1 March 2…
DA concerned about the impact of US-Iran conflict on food prices
The Department of Agriculture (DA) said it is closely monitoring developments in the US-Iran conflict and their potential impact on food prices. “We are concerned about the intensifying conflict between the US and Iran, as it may lead to prolonged increases in oil prices, affecting petroleum-based…
El Nino may return in 2026 and make planet even hotter
PARIS, France — The warming El Nino weather phenomenon could form later this year, potentially pushing global temperatures to record heights. There is a 50- to 60-percent chance of El Nino developing during the July-September period and beyond, according to the US National Oceanic and Atmospheric…
Isko Moreno orders all Manila public school graduations held inside campuses amid looming oil crisis
Manila City Mayor Francisco “Isko” Moreno Domagoso has ordered that all graduation ceremonies in public elementary and secondary schools be held strictly within their respective campuses as the city braces for a possible oil-driven price surge. During his regular management committee meeting, the…
Lacson questions credibility of 18 ex-‘Marines’ over P805-B cash scheme claims
Senate President Pro Tempore Panfilo “Ping” Lacson questioned the credibility of 18 former military men allegedly linked to a P805-billion cash delivery scheme, saying their claims must withstand “logic” and “basic mathematics” before the Senate Blue Ribbon Committee considers holding a hearing.…