Despite the six-year-old moratorium, coal still makes up most of the Philippines’ power supply, accounting for 63 percent of electricity generation. Photo shows the power plant of Global Business Power Corp. in Barangay Ingore, La Paz, lloilo City. PNA FILE PHOTO BY PERLA G. LENA

PH new coal plants ban remains, no compelling reason to lift — DOE

THE DEPARTMENT of Energy (DOE) is not keen on lifting the six-year-old moratorium on new coal-fired power plants despite calls to allow it in...
Philippine President Ferdinand R. Marcos Jr. (left) and Vietnamese Prime Minister Lê Minh Hưng hold a bilateral meeting on May 7, 2026 on the sidelines of the 48th ASEAN Summit and Related Meetings in Cebu. The two leaders agreed to establish a long-term rice trade mechanism to ensure stable supply and strengthen food security cooperation between the Philippines and Vietnam. PHOTO COURTESY OF PCO

PH, Vietnam rice deal ensures stable supply until April 2027

THE AGREEMENT to establish a "long-term rice trade mechanism" between the Philippines and Vietnam will ensure a stable supply until 2027 amid tensions in...
The Bangko Sentral ng Pilipinas has already moved to tighten policy in response to the global oil shock tied to the US-Israel war with Iran, now in its second month. It raised its key policy rate by a quarter point to 4.5 percent at its April 23 meeting. BSP PHOTO

Jumbo rate hikes seen despite anemic growth

THE BANGKO Sentral ng Pilipinas (BSP) may press ahead with more aggressive interest rate increases despite weak economic growth, analysts said, as policymakers prioritize...
President Ferdinand R. Marcos Jr. chairs the 48th #ASEANSummit Plenary on Friday, May 8, 2026, at Mactan Expo Center in Cebu for in-depth discussions on the region’s most pressing priorities, from economic resilience to regional stability and cooperation. Marcos pushed for regional energy security and resilience, food security and the safety of ASEAN nationals abroad. PCO PHOTO

ASEAN backs fuel-sharing pact, regional power grid amid global shock

LEADERS of the Association of Southeast Asian Nations (ASEAN) endorsed faster implementation of regional energy-sharing mechanisms and power interconnectivity projects amid growing concerns over...

Senator Bong Go sends aid to fire-hit family in Iloilo City, reinforces fire safety...

On Thursday, May 7, Senator Christopher “Bong” Go pushed for stronger fire safety measures as he dispatched his team to extend assistance to a...
The Philippine economic growth in the first quarter of 2026 was the lowest since the first three months of 2021. The weak growth was blamed on the Middle East conflict, a scandal involving billions of pesos in fraudulent state-funded flood control projects, and the delayed approval of the national budget. PHOTO COURTESY OF GMA NEWS

Oil price shock limits Q1 GDP growth to 2.8%

HIT BY a double whammy of Middle East oil price shock and lingering graft probe constraints, Philippine economic growth softened to 2.8 percent in...
The Philippine peso hits P58.78:$1 on Wednesday, June 5. This is the worst showing since November 3, 2022’s finish of P58.80:$1. GMA NEWS ONLINE PHOTO

Weaker peso bloats government debt

THE NATIONAL government’s outstanding debt climbed to a fresh record high of P18.49 trillion at end-March, nearing its programmed ceiling for the year as...
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Race To The Top: BingoPlus VIP Club introduces monthly BMW X1 Hybrid reward campaign...

BingoPlus is making waves yet again as the number one and most trusted digital entertainment platform, as BingoPlus VIP Club introduces “Race To The...
MORE Electric and Power Corporation linemen are doing maintenance work in Iloilo City in this file photo. The Department of Energy said Wednesday, May 6, that government measures helped prevent a possible P7 per kilowatt-hour increase in electricity rates amid the Middle East crisis. MORE POWER PHOTO

DOE: Gov’t actions avert P7/kWh power hike amid Mideast conflict

THE DEPARTMENT of Energy (DOE) said that government interventions to mitigate the impact of the Middle East conflict helped prevent a potential P7 per...

2026 auto sales seen to dip amid fuel price pressures

AN AUTOMOTIVE industry executive on Wednesday, May 6, projected a possible 10-percent decline in vehicle sales this year due to the impact of the...