philippine news

Protect women — CHR

by Joel dela Torre
from People’s Journal

MARKING the United Nations Day for Women and International Peace today, the Commission on Human Rights called on government to improve protection and programs for the rights… Read the rest

Oil drops 6% to 15-month low

by Reuters
from Inquirer.net

NEW YORK— Oil prices fell more than 6 percent to below $70 a barrel on Thursday, touching a 15-month low on rising US inventories and concerns a possible recession would slow demand further.

The Dow… Read the rest

Fuel-saving plan gets green light

Roy Pelovello
Manila Standard

President Arroyo yesterday approved the Philippine Energy Efficiency Project, which will replace oil imports with local fuel thus saving the government $120 million annually.

More savings can be realized once the Renewable Energy Bill, just… Read the rest

‘Roll back oil prices or face windfall tax’

Aurea Calica
Philippine Star

Calls for oil companies to roll back fuel prices mounted yesterday as Sen. Juan Ponce Enrile said these firms must be taxed for excess profits if they refuse to bring down prices.

The House of… Read the rest

RP makes front page of Post

Jose Katigbak, STAR Washington bureau
Philippine Star

WASHINGTON – It’s not often that good news from the Philippines makes a prominent splash in a major US daily, but a story on the billions of dollars saved by the country… Read the rest

Business group warns gov’t against audit of oil companies

Ma. Elisa P. Osorio
Philippine Star

Local industries have warned that a government audit of oil firms could send the wrong signal to potential investors that the state is intervening in deregulated industries.

Jesus L. Arranza, president of the… Read the rest

DOE bucks repeal of oil deregulation law

Delon Porcalla
Philippine Star

The Department of Energy (DOE) will not support proposals to repeal the Oil Deregulation Law, largely blamed for the unabated oil price increases in the country, Energy Secretary Angelo Reyes told the House committee on… Read the rest

Oil firms lower pump prices by P1 per liter

Euan Paulo C. Añonuevo
Manila Times

Oil firms are expected to reduce rates at the pumps, even as world crude prices recovered because of a hurricane threatening the US Gulf Coast.

In separate announcements Friday, Petron Corp., Pilipinas Shell… Read the rest

Oil industry regulation, why not?

Dan Mariano
Manila Times

Get ready to start hearing more and more of “demand destruction.” It is a phrase that market analysts bandy about as a shortcut for the declining demand for oil and its byproducts.

Last Friday,… Read the rest

Diesel goes up by P3; gasoline up anew by P1

Donnabelle Gatdula
Philippine Star

As world crude prices soften, a whopping P3 per liter increase in diesel prices is being implemented this weekend, the highest increase so far in the fuel used by most mass transporation vehicles.

The oil… Read the rest

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