V
5.1K posts
Iran launches a strike on Oracle's data center in Dubai, says IRGC.
DUTERTE ANNOUNCES COST-CUTTING MEASURES WATCH: Vice President Sara Duterte announced cost-cutting measures at the Office of the Vice President (OVP), redirecting funds from planned June activities to its food assistance program amid rising prices. Duterte said existing OVP programs will continue, including free bus rides, school aid, and small business support, while warning of tougher months ahead due to El Niño and possible flooding. She urged Filipinos to prioritize food, health, and education as global crises continue to drive up costs. | @TristanNodalo
‘Jaime, can you call Shell?’: Tessie Sy-Coson pitches refinery plan to Jaime Augusto Zobel de Ayala A light moment at InvestPH had SM Group vice chair Teresita Sy-Coson nudging Ayala Corp. chair Jaime Augusto Zobel de Ayala to push for a refinery. “Please do it for the country. We have to be a bit more independent,” Sy-Coson said of the multi-billion dollar investment. Zobel, whose brother Fernando sits on the board of Shell Pilipinas, played along. “I would gladly invest in it together with you, Tessie,” he said, drawing laughs from the crowd. Petron Corp., backed by tycoon Ramon S. Ang’s San Miguel Corp., is now the country’s sole remaining refinery, processing crude into fuel. The business leaders later agreed there was a need for deeper collaboration as the Philippine economy reels from the impact of ongoing energy market disruptions. Story link in the comments.
LOOK: Prevailing prices of imported rice at Agdao Market in Davao City as of Saturday, March 21. Contrary to the recent pronouncement of President Ferdinand R. Marcos Jr. that food prices remain stable amid soaring fuel costs, traders say rice prices have increased by P1 to P3, depending on the variety. Traders also say prices are expected to rise further next week as fuel costs continue to increase. 📸: Keith Bacongco/MB
