The business community and international investors continue to eagerly await the announcement of incoming President Marcos’s cabinet. The announcement of a technocratic team of economic managers is likely the single most important step that could be taken to reassure both local and international investors. Headlines continue to circulate about investor anxiety stemming from uncertainty about the ...

Amid concerns about potential blackouts during the 2nd Quarter, and particularly during the May 9 elections, the Department of Energy released a revised power outlook. The outlook accounts for the forced outage at Calaca Unit 2, which is on an extended outage until July 2022. The outlook shows potential yellow alerts in the second half of ...

Two weeks after the implementation of Alert Level 1 in much of the country, cases are still low and falling in the Philippines. Meanwhile, several other locations in Asia and Europe are experiencing surges in cases and deaths, none more so than Hong Kong. What is happening in Hong Kong continues to highlight that Omicron can ...

Various media sources began reporting on Monday, March 14, that Russia was requesting military and economic support from China. According to the Financial Times, the US told allied nations via diplomatic cables that China had indicated willingness to provide military assistance. The Financial Times reporting cited, surface-to-air missiles, drones, intelligence-related equipment, armoured vehicles, and vehicles used for ...

Cabinet Secretary Karlo Nograles in a statement, called on Congress to review provisions of that law relating to “unbundling the price, and the inclusion of the minimum inventory requirements…as well as giv[e] the government intervention powers” to respond to price spikes or prolonged elevated prices. The 1998 Downstream Oil Industry Deregulation Act (Republic Act No. ...

President Duterte has put nuclear power back on the table for the Philippines’ energy mix. By virtue of Executive Order 164: “The National Government commits to the introduction of nuclear power energy into the state’s energy mix.”  The order comes more than a year after the Nuclear Energy Program Inter-Agency Committee submitted their recommendations on the ...

COVID-19 cases continue to fall rapidly in the Philippines and Metro Manila. Metro Manila is experiencing around 200 to 300 cases per day, and the 2-week growth rate is still falling at negative 61 percent (as of February 28). The Philippines as a whole is experiencing about 1000 cases per day, with the 2-week growth rate falling at about negative 69 percent (as of ...

With tensions continuing to rise between Russia and Ukraine, and Europe potentially on the verge of its biggest war since World War II, PSA sees limited direct impacts for the Philippines and organizations operating in the Philippines.   The immediate priority for the Philippine government will be the welfare of roughly 340 Filipinos living in Ukraine. The ...

The COVID-19 situation in the Philippines continues to improve nationwide and in Metro Manila. Based on PSA’s calculations of DOH data as of February 14, all regions in the country are exhibiting a decrease in cases, with only 3 regions showing a daily attack rate, or the number of cases per 100,000 people, of more than 7. ...