Indonesia’s biodiesel program saved an estimated USD 40.7 billion in foreign exchange between 2020 and 2025. B50 is projected to add USD 10.84 billion in 2026 alone.
Saudi Arabia’s April crude supply to Asia is down 38.6% from February levels. Refineries across Southeast Asia are now competing for a narrower pool of Arab Light from a single Red Sea port.
Bongao, Tawi-Tawi declared a state of local emergency on April 1 after both of its gasoline stations ran dry — a supply failure driven by the collapse of its informal cross-border fuel chain from Sabah, Malaysia.
The Anti-Red Tape Authority is partnering with German and Nordic business groups in the Philippines to further promote ease of doing business in the country.
The House Committee on Overseas Worker Affairs greenlights unnumbered substitute bill, aiming to establish a temporary guardianship system ensuring the safety and well-being of children in the absence of their OFW parents.
Department of National Defense Secretary Gilberto Teodoro Jr. urged all military veterans from 10 member states of ASEAN to do their best to promote peace and stability in the region.
Despite a notable downturn in the construction industry during the peak of the pandemic, the Department of Trade and Industry remains hopeful for the continued growth of the country’s construction sector.
The Department of Migrant Workers hopes to forge more partnerships with various local government units in the country to help curb illegal recruitment and human trafficking.
Agriculture Secretary Francisco Tiu Laurel Jr. calls for amendments to the Philippine Fisheries Development Authority charter to expand its function in the development and management of marine and agro-industrial estates nationwide.
The six resolutions that were discussed during the meeting for the Drafting Committee’s final approval revolve around pressing matters across the Asia-Pacific region.