Rollback in oil prices turns heftier at roughly P1.00/liter

Updated Story

BY MYRNA M. VELASCO

May 4, 2024 08:35 AM

  

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AT A GLANCE

• Based on the outcome of five-day trading in the regional market, the price of gasoline products will be trimmed by P0.75 to P1.15 per liter; while diesel prices will be cut by relatively sizeable P0.85 to P1.25 per liter; and kerosene by P0.80 to P1.20 per liter.

• If reckoned from trading results as referenced on the Mean of Platts Singapore (MOPS) index, the calculated price adjustments had been: P0.955 per liter for gasoline; P1.047 per liter for diesel and P1.044 per liter for kerosene.

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The estimated rollback at the pumps next week will offer more substantial relief to the pockets of consumers next week as this already turned heftier into the vicinity of P1.00 per liter as of end of trading day on Friday (May 3), according to the industry players.

Based on the outcome of five-day trading in the regional market, the price of gasoline products will be trimmed by P0.75 to P1.15 per liter; while diesel prices will be cut by relatively sizeable P0.85 to P1.25 per liter.

Additionally, the price of kerosene - which is widely known as a base fuel for the aviation industry and also a key commodity for households and other industries, will have prospective reduction of P0.80 to P1.20 per liter.

If reckoned from trading results as referenced on the Mean of Platts Singapore (MOPS) index, the calculated price adjustments had been: P0.955 per liter for gasoline; P1.047 per liter for diesel and P1.044 per liter for kerosene.

The price adjustments will be reflected at the pumps on Tuesday (May 7); and this is a series wherein all commodity costs would be on downtrend, following wild seesaw of prices in recent weeks.

Market watchers conveyed that the downward spiral in oil prices had been precipitated by perceived de-escalation of the Israel-Iran tension as underpinned by the ongoing ceasefire talks in Cairo, Egypt.

There is general expectation that if a ceasefire deal could be concluded successfully, the lingering armed conflict in Gaza may eventually ease, hence, that will help soften global oil prices. Global experts noted that even the new round of missile attacks launched by the Houthis on a container ship in Yemen, had no longer impacted much on market sentiments this week.

Beyond geopolitics, it was emphasized that Mexico’s decision to reverse an earlier plan of export cuts also provided wider breathing room for supply in markets, hence, that helped pull down international oil prices.

Another major factor which ignited bearish outlook in global oil prices had been higher crude inventories then the renewed uptick of inflation rate in the United States, which raised new round of concerns on oil demand in the world’s biggest oil consumer.

As of Friday (May 3) trading, international benchmark Brent crude had dipped to $83 per barrel level from last week’s $86 per barrel.

The declining oil prices will certainly provide respite to Filipino consumers, especially at this time when they would be shelling out more cash for other component of their energy bills because of the dizzying highs in electricity rates. 

 

DOH reports 77 heat-related illness cases, 7 deaths nationwide

BY ZEKINAH ELIZE ESPINA

May 4, 2024 10:51 AM

  

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The Department of Health (DOH) on Saturday, May 4, reported a total of 77 heat-related illness cases from Jan. 1 to April 29.

Photo from DOH 

It noted that of these cases, seven were reported deaths.

DOH Event-based Surveillance and Response System identified a demographic vulnerability, with 67 cases affecting individuals between the ages of 12 to 21 years old.

However, due to insufficient data, these fatalities are currently labeled as non-conclusive for heat stroke, it said.

The DOH stressed the complexity of such cases, noting that deaths may be attributed to heat-related illnesses, including heat stroke, or other heat-influenced factors, such as underlying conditions precipitated by hot environments.

It urged the public to remain vigilant, especially during periods of intense heat, and to prioritize hydration and seek medical attention promptly if experiencing symptoms of heat-related illnesses.

BY MANILA BULLETIN ENTERTAINMENT

May 3, 2024 10:24 PM

  

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AT A GLANCE

• Leading the Best You Ever campaign, Kathryn started her fitness journey with her trainer, Mauro Lumba, who is also the Century Tuna Superbods 2014 Grand Champion.

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Kathryn Bernardo

Asia’s Superstar Star Kathryn Bernardo continues to make waves as she brings out her best self this year with Century Tuna, the number one tuna brand in the Philippines.

Flaunting her well-toned physique, Kathryn Bernardo is ecstatic to be part of the Century Tuna Superbods campaign, which is a dream that has become a reality since her teenage years, according to the star.

“I’ve always found the Century Tuna Superbods to be inspiring and being a part of this campaign feels like a dream come true. It’s an honor to become part of the Century Tuna Superbods and through this campaign, I hope that I’ll also become an inspiration for every Filipino to let them enjoy full, happy, and healthy lives,” said Kathryn Bernardo.

Leading the Best You Ever campaign, Kathryn started her fitness journey with her trainer, Mauro Lumba, who is also the Century Tuna Superbods 2014 Grand Champion.

As the Century Tuna Ambassador steps into a new phase of her life, she aims to inspire Filipinos to embody Century Tuna’s belief that everybody can be a superbod through the Best You Ever campaign.

“Anyone can achieve the best version of themselves with the right discipline and determination, proper exercise and nutrition, and a good support system. So I encourage everyone to take that first step towards your 'Best You Ever' and join me in Century Tuna Superbods 2024! Let’s redefine fitness by embracing self-love, challenging growth, and inspiring others," Kathryn added. Launched in 2006, Century Tuna's Superbods campaign has been a trailblazer in promoting health, fitness, and an active lifestyle. This year, their "Best You Ever" movement takes it a step further by advocating for self-love and holistic self-improvement.

Cayetano to Taguig youth leaders: Enable people to do what is right

Leaders do not just tell people what is wrong, they also enable them to do what is right.

This was Senator Alan Peter Cayetano’s encouragement to Sanggunian ng Kabataan (SK) Chairpersons of Taguig who gathered on Thursday night for dinner and fellowship with leaders of the city.

Focusing on principles, Cayetano urged the young leaders to stick to what they know is right in order to serve their constituents well.

“Why principles? We can debate on opinion, we can debate religion, but we cannot debate on principles. As leaders, we cannot only tell people kung ano ang mali, we have to provide them kung ano yung tama,” he said.

The gathering, held in Barangay Hagonoy, was attended by City of Taguig Mayor Lani Cayetano along with barangay chairpersons from the first and second districts as well as representatives from the EMBO barangays.

The senator called on the youth in attendance to practice three principles: victory, vision, and value. Starting with victory, he stressed the importance of defining success on one's own terms.

“You cannot have victory kung wala kang parameter, sukatan, o measurement of what victory is,” he said.

Transitioning to the principle of vision, Cayetano pointed out the vital connection between a clear vision and the attainment of victory and success.

“When you have a vision, lilinaw sa inyo y’ung victory at saka success,” he said.

“You might not be confident about yourself, but when you’re confident about your vision, when you value yourself, other people will see that,” he added.

Drawing from his own faith, Cayetano then talked about recognizing the inherent value of every person, reminding the young leaders of their significance in the eyes of God.

He also encouraged them to embrace their worth and treat others with respect and kindness, reminding them that Jesus gave His life for everyone because He values each and every person.

“If you think you’re worthless, think twice. God already said, ‘You are worth dying for,’” he said.

Eyeing to continue the engagement with the young leaders, Cayetano invited them to monthly talks on principles as an avenue to foster leadership development and community service.

He also left the young leaders with a call to action, urging them to lead with purpose, courage, and dedication to serving their community, guided by the grace of the Lord. ###

SM Mall of Asia and Philippine High School for the Arts ignite creativity with 'Sining at Kabataan’

Offering a glimpse into the future of Philippine art

BY MB LIFESTYLE

May 3, 2024 10:30 AM

  

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SM Mall of Asia teams up with the Philippine High School for the Arts (PHSA) for the "Sining at Kabataan" showcase

SM Mall of Asia (MOA) partnered with the prestigious Philippine High School for the Arts (PHSA) and the PHSA Ibarang Alumni Association to showcase the dynamic talents of young Filipino artists.

Philippine High School for the Arts (PHSA) Pangkat Mananayaw, Hiraya group dance by Maquiling Ballet, Hiraya group dance by Maquiling Ballet, Beatrice Cena, and Agung Sicam perform a guitar duet and Ethnic Craze (group dance by Makiling Dance).

The "Sining at abataan" performance showcase, held on April 21 at the MOA Main Mall Atrium, offered an inspiring display of creativity. Visitors enjoyed a captivating program featuring music, indigenous dance, ballet, theatre, and creative writing. 

“Ukay-Ukay,” a mixed-media creation by Victor Emmanuel Carmelo Nadera II

From April 19 to April 22, a stunning Visual Arts Exhibit displayed the exceptional works of PHSA's young visual artists, offering a glimpse into the future of Philippine art. 

SM Supermalls' Senior Vice President for Marketing Joaquin San Agustin

"With over four million people visiting our 85 malls nationwide daily, we are committed to providing a platform for artistic expression that comes alive through performances," said SM Supermalls Senior Vice President for Marketing Joaquin San Agustin.

Philippine High School for the Arts (PHSA) Director 4 Greg Zuniega

This exciting collaboration between MOA and PHSA not only celebrates artistic talent but also fosters a thriving cultural hub within SM.

For details on exciting SM Supermalls events, visit www.smsupermalls.com or follow @SMSupermalls on social media.

The Stands: An INQUIRER Sports Newsletter

 

May 3, 2024

Savi Davison and her PLDT teammates missed out on a semifinal appearance by a single point. (PVL IMAGES)

Hey there sports fan, It has been a week of significant numbers in sports. There's the most talked-about 51 points in basketball in a long while. There is the three-point record chase, which is littered with numerical trivia (Like, do you know who is No. 3 on the all-time list of three-pointers made? Answer below). There's lucky 13. There's even the "Death Five." Perhaps the most defining numbers in sports the past week were the ones that popped up alongside the win-loss records of teams in the Premier Volleyball League and the UAAP women's volleyball tournament. It's the points system that was used to break ties in those two tournaments. And boy, did those points make a difference. Ask PLDT coach Rald Ricafort. His team tied Creamline at fourth and fifth places in the ongoing PVL All-Filipino Cup, but the team lost out on the chase for the last semifinals ticket by a single point, 24-23.  Understand that the High Speed Hitters didn't even need to convert any of their three losses to wins to earn the needed points to boot out the defending champions. Had they forced deciding sets in defeats to Chery Tiggo and Cignal toward the tailend of their preliminaries calendar, they would have made the Last 4. Same goes for the UAAP. National U and season surprise package University of Santo Tomas fnished with identical 12-2 (win-loss) records and traditionally, UST would have gotten the top seed because it defeated NU in three sets while the Lady Bulldogs' win over the Tigresses in their next encounter lasted four sets. But because the points system was applied, NU finished at No. 1 and UST dropped to No. 2. The significance? The difference in positions meant the Tigresses will have to battle defending champion La Salle in the semifinals, albeit with twice-to-beat protection, while NU gets to take on No. 4 Far Eastern U,

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San Miguel Beer continues to roll in the Philippine Cup.  (PBA IMAGES)

Meanwhile... This will most likely fly under the radar, but here's an interesting read on a low-key volleyball squad winning the national championship for boys. Also, San Miguel Beer is gunning for a perfect finish in the PBA Philippine Cup elimination round, but no matter who you talk to, no one is counting streaks within the Beermen camp. No one's counting milestones, either. Ask Jorge Gallent. Or Marcio Lassiter. The Beermen have been rolling in the all-Filipino tournament but talk to Chris Ross and he'll be the first to say his team has another gear they can shift to when the playoffs comes around. What we're up to next: We will be covering the PBA playoffs chase, which is now in its tailend, and continue covering the single-round semifinals of the PVL. We'll also be going full blast on our UAAP Season 86 women's volleyball tournament and hope that you will get your fix of varsity action from us, across all our platforms. Number of the Week: 14 In ounces, that's how heavy the gloves that Mike Tyson and Jake Paul will use in their bout weigh. Traditionally, boxing gloves weight 10 ounces. The heavier the gloves will reduce the power of punches.

QUOTE OF THE WEEK “Solving a Rubik’s Cube calms us.” —National U star ALyssa Solomon on how the Lady Bulldogs spend their evenings after they surrender their phones to their coaches.

Hi , Have feedback? We're happy to hear it. Give Suggestions

LA Tenorio. That's the answer to the trivia question above. Think you can ace the rest of the quiz? head over to our Viber community and try the test out! Buy the Inquirer at newsstands, subscribe to our digital edition, Inquirer Plus, visit our online site and follow us on socials (Twitter: @inquirersports; FB: facebook.com/inquirersports) for more stories and updates—or to send us questions or suggestions of stories you'd want to read. See you next Friday! Francis Francis T. J. Ochoa is the Sports Editor of the Philippine Daily Inquirer. For comments, suggestions and questions, hit him up on Twitter (@ftjochoaINQ).

Choco Mucho sweeps Chery Tiggo, nears finals return

BY KRISTEL SATUMBAGA-VILLAR

  

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AT A GLANCE

• Choco Mucho enhanced its bid for a return trip to the finals with a 25-20, 25-19, 25-23 victory over Chery Tiggo on Thursday night, May 2, in the Premier Volleyball League All-Filipino Conference at the Philsports Arena in Pasig City.

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Choco Mucho enhanced its bid for a return trip to the finals with a 25-20, 25-19, 25-23 victory over Chery Tiggo on Thursday night, May 2, in the Premier Volleyball League All-Filipino Conference at the Philsports Arena in Pasig City.

Choco Mucho's Royse Tubino scores against Eya Laure and Aby Maraño of Chery Tiggo. (PVL Images)

It was the second straight win for the Flying Titans in this round-robin semifinal phase, following up their five-set triumph over the Creamline Cool Smashers the other day.

Royse Tubino went full blast at the attack line and unleashed 17 points including crucial kills late in the third set that anchored Choco Mucho to the much-needed victory.

“Yung mindset talaga namin dito, kailangang maipanalo namin kaagad para mataas yung makuha naming points dito sa semis,” said Tubino, who highlighted her performance with 15 attacks and two blocks.

Sisi Rondina also waxed hot for the Flying Titans by scattering all her 18 points on kills apart from managing 14 digs.

The Flying Titans encountered stiff resistance late in the third after sisters Eya and EJ Laure conspired for three straight points to trim the Crossovers’ deficit from 23-19 to 23-22.

Tubino stopped the bleeding with her own quick attack to bring Choco Mucho at matchpoint, 24-22, but Eya was not yet done, retaliating with her own down-the-line spike to keep Chery Tiggo afloat, 24-23.  But a costly service error from Ponggay Gaston that went long ended the match in favor of the Flying Titans.

Choco Mucho also shackled Chery Tiggo with its tight defense, limiting Eya and EJ to single-digit productions with only Cza Carandang finishing in twin figures with 10 points.

The Flying Titans also took advantage of the Crossovers’ weak serves, receiving the ball well and executing a variety of plays with Mars Alba finishing with 14 excellent sets.

Choco Mucho hopes to sweep the semis and advance to the championship round on Sunday, May 5, when it squares off with Petro Gazz at the Smart Araneta Coliseum.

Chery Tiggo, which absorbed its second straight defeat, tries to keep its slim chance of making into the finals when it faces Creamline on the same day.