Rising costs push farmers to let their veggies rot than sell at a loss
Filipino farmers like Romeo Wagayan have been left with little choice but to let their vegetables rot in the field rather than sell them at a loss, as rising oil prices linked to the conflict in the Middle East are driving up the cost of harvesting, labour and transport.
Iran conflict drives inflation over 4%
Inflation jumped dramatically in March, government figures showed, hitting a nearly two-year high of 4.1% on the back of historically high fuel prices driven by the Middle East conflict.
Govt seeking safe passage for oil in Iran meeting
The government has sought safe passage for desperately needed oil shipments in a meeting with Iran, a presidential spokeswoman said on Wednesday, as the import-dependent archipelago jockeys with other regional countries for fuel.
Govt eyes ‘deepening cooperation’ with Iran on energy
THE government is committed to "deepening cooperation" with Iran, particularly on energy.
Oil refinery secures 2.5 million barrels of Russian crude
The nation's sole oil refinery has secured nearly 2.5 million barrels of Russian crude out of "extreme necessity", a stock exchange filing revealed yesterday, as the country seeks to replenish fast-dwindling fuel reserves.
Palm Sunday frond prices surge amid global fuel hikes
Vendors of palaspas (woven palm fronds) raised prices this year, passing on higher production and transport costs fuelled by continuing oil price hikes amid the conflict in the Middle East.
Asean meet to focus on Iran conflict
President Ferdinand Marcos said that an Asean summit his country will host in May will be a streamlined affair, with a focus on how best to handle the economic shocks of the Middle East conflict.
Crisis fuels supply hunt
A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a source with knowledge of the matter said, days after the country declared a national energy emergency over the Middle East conflict.
Manila keen to obtain US-sanctioned oil
THE country is working with Washington to secure waivers and exemptions so it can obtain oil from US-sanctioned countries to ensure supply, its ambassador to the United States said.
Transport backbone buckles under record diesel prices
The sun was not quite up as Eric Helera unlocked the doors of his jeepney, wiped down its two long passenger benches, and checked his brake fluid before another day ferrying Manila commuters.
