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BUSINESS3d agoPhilippines holds oil storage talks with Saudi Arabia, Russia, USThe Philippines is in talks with Saudi Arabia, Russia and the United States to store oil in the fuel-import-dependent nation, in a bid to hedge against fuel price spikes driven by the Iran war. The Southeast Asian nation, which imports nearly all ‌its energy needs, also planned to increase diesel and gas-fired power output to make up for an estimated 60 per cent decline in hydropower and 20 per cent fall in solar output in the first half of 2027 due to the El Nino weather phenomenon, Energy...South China Morning Post

BUSINESS3d agoInnodata stock falls as report flags layoffs in India, PhilippinesInnodata's stock has declined following a report indicating layoffs in its operations in India and the Philippines. This reflects a negative impact on the company's market performance due to workforce reductions.Seeking Alpha Tech

BUSINESSOct 17Solar power booms in Philippines as war on Iran spikes energy costsWith Southeast Asia's largest electricity bills rising even higher, Filipinos invest in rooftop panels.Al Jazeera [en]

BUSINESSOct 2Philippines’ jeepney drivers ‘stuck between a rock and a hard place’ despite fare increaseReggie Manlapig, 46, has been driving jeepneys for nearly 25 years and has weathered rising fuel prices – but with costs spiking amid the global energy crunch, he is now wrestling bigger demons. “The impact has been huge. Before, in a 16-hour shift of driving, I could take home 400 to 500 pesos [US$6.30 to US$8] – now there’s a big cut to that income,” said Manlapig, who plies a two-hour daily round route from Malolos in Bulacan, north of Manila, to San Fernando, Pampanga. “Doing the full route...South China Morning Post