ECCP at Work

ERC suspends electricity trading as prices set to surge

The Energy Regulatory Commission (ERC) has temporarily halted the trading in the country’s electricity spot market to curb the impact of rising prices, which is seen hitting P9 per kilowatt-hour (kWh) amid the ongoing energy crisis.

DBCC to make fuel excise recommendation next week

The Development Budget Coordination Committee (DBCC) is set to meet next week to formalize its recommendation to President Ferdinand R. Marcos, Jr. on action to be taken regarding the fuel excise tax, the Department of Finance (DoF) said.

BSP holds rates steady, flags rising inflation risks

The Bangko Sentral ng Pilipinas (BSP) kept its benchmark interest rate steady at 4.25 percent in an unscheduled meeting yesterday, signaling heightened vigilance as global oil shocks threaten to push inflation above target.

Iran war could drag down Philippine growth to sub 3% in Q2

The twin shocks of a graft-fueled slump in confidence and soaring oil prices due to the Middle East war are expected to keep economic growth sluggish in the first half of 2026.

S&P hikes Philippine growth forecast but oil crisis poses risks

A gradual recovery in investments and robust technology exports could drive Philippine economic growth to 5.8% this year, although the ongoing oil crisis poses a crucial risk, S&P Global Ratings said.

Philippines launches $333 million fund to boost fuel security

The Philippine energy ministry said on Thursday it is activating a 20 billion peso ($333 million) emergency fund to strengthen fuel security amid continued volatility in oil prices due to the conflict in the Middle East.

ADB to roll out financial support package amid Middle East crisis

The Asian Development Bank (ADB) is providing a financial support package to help mitigate the impact of the ongoing Middle East conflict.

ILO: PHL youth to gain green, digital construction skills

The International Labour Organization (ILO) and its partners are training young Filipino workers in green and digital construction skills, aiming to boost employability, support job creation, and prepare the sector for future demands.

Electricity supply looks ‘sufficient’ for summer months–ICSC

The country’s electricity supply is still “sufficient” for the hotter months, but thin reserves — and the impact of the Middle East war — could leave the market vulnerable to power interruptions, according to a think tank.

DICT completes IRR of e-Governance Act

The government is moving from “intent to implementation” on digital transformation, acting Information and Communications Technology Secretary Henry Aguda said, as his agency signed the implementing rules (IRR) of the e-Governance Act and approved the country’s strategic blueprint for a digitally integrated government.

Philippines declares energy emergency over Middle East conflict risks

Philippine President Ferdinand R. Marcos Jr on Tuesday declared a state of national energy emergency in response to the Middle East conflict and what he called an “imminent danger” posed to the country’s energy supply.

Marcos still sees 6% growth by 2028

President Ferdinand R. Marcos, Jr. said economic targets will have to be revised to reflect the impact of the Middle East conflict but remains confident the Philippine economy will grow by 6% by the end of his term in mid-2028.

No change in borrowing plan for now – DOF chief

The government’s borrowing plan and financing mix this year remain intact for now, although analysts said relying more on domestic sources would be safer amid the Middle East crisis.

WORST-CASE SCENARIO: Diesel could spike 176% — DEPDev

The government is bracing for a worst-case scenario in which diesel prices could surge by as much as 176 percent and inflation could climb into double digits as the Middle East conflict drives global oil prices sharply higher, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said on Tuesday.

Philippines flagged as 2026 Asia ‘underperformer’

The Philippines is expected to remain a regional underperformer this year, as sluggish infrastructure spending continues to drag on growth even as the broader Asian economy shows resilience amid local and global uncertainties.

PBBM issues orders amid PH's low national energy supply

As the country's oil inventory continues to dwindle, President Marcos' declaration of a state of national energy emergency seeks to ensure the stability of energy supply.

PH's oil supply to last 45 days

From 60 days to 45 days — and as time goes by, the country's oil inventory decreases. Now the question is if the President's declaration of the state of national energy emergency can answer this.