Saudi Aramco Eyes Oil Export Hub in Bataan, Philippines
Saudi Aramco, Saudi Arabia's state-owned oil giant, is considering establishing an oil export hub in Bataan, Philippines, according to the Department of Energy (DOE). This initiative, potentially part of a Strategic Petroleum Reserve (SPR), could impact the nation's energy security and economy.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Palace Urges Budget Watchdogs to Scrutinize 2027 Budget 'Red Flags'
The Philippine Presidential Palace urged budget watchdogs to report any "red flags" in the proposed P7.2-trillion national budget for 2027. President Ferdinand Marcos Jr. stated he would take note of any alleged anomalies flagged by these groups.
- DA Taps Watchdogs to Scrutinize Farm-to-Market Road Budget
The Department of Agriculture (DA) is collaborating with budget watchdog organizations to enhance the review of farm-to-market road (FMR) budget proposals. The initiative aims to identify and correct discrepancies, such as proposals for unbuildable locations and mistyped coordinates, as part of broader transparency efforts following past corruption scandals.
- Philippine Ube Industry Faces Production Decline Despite Rising Global Demand; Infrastructure Investment Key to Revival
The Philippine ube (purple yam) industry has seen its domestic production halved over the past 15 years, despite growing international demand. A congressional think tank recommends investment in cold storage, processing facilities, and agricultural logistics as crucial for its revival.
- Philippine GDP Growth May Sink to Post-Pandemic Low of 2% in Q3 2026
Philippine GDP growth could fall to a post-pandemic low of 2% in the third quarter of 2026, according to a projection by the University of Asia and the Pacific (UA&P). This outlook is attributed to a combination of domestic economic slowdown and external factors.