Philippines Declares State of Emergency Over Energy -- WSJ

Dow Jones03-24 22:55

By Elvan Kivilcim

The president of the Philippines, Ferdinand R. Marcos Jr., declared a national energy emergency to stabilize the country's energy sector in the face of an "imminent danger of a critically low energy supply," according to an executive order signed by the president.

As a net importer of petroleum products, the Southeast Asian archipelago made up of over 7,000 islands is highly dependent on external sources of fuel. The country's energy security is "vulnerable to disruptions" in vital supply routes like the Strait of Hormuz amid the escalating tensions in the Middle East, according to the order.

Marcos stressed that the national emergency would enable the island-nation's government to implement coordinated measures "to ensure stable and adequate energy supply," the country's state news agency PNA reported. The order establishes a committee tasked with monitoring the supply and distribution of essential goods such as fuel, food and medicines and ensuring the continued functioning of public transportation.

About a week after the war started, Marcos ordered a temporary four-day workweek in some government offices to conserve resources and reduce electricity and petroleum consumption, according to PNA. It also prohibited unnecessary government travel and activities.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 24, 2026 10:55 ET (14:55 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 10:55 ET (14:55 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621095035","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621095035","pubTimestamp":1774364100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The president of the Philippines, Ferdinand R. 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Marcos Jr., declared a national energy emergency to stabilize the country's energy sector in the face of an \"imminent danger of a critically low energy supply,\" according to an executive order signed by the president. \n\n\n     As a net importer of petroleum products, the Southeast Asian archipelago made up of over 7,000 islands is highly dependent on external sources of fuel. The country's energy security is \"vulnerable to disruptions\" in vital supply routes like the Strait of Hormuz amid the escalating tensions in the Middle East, according to the order. \n\n\n     Marcos stressed that the national emergency would enable the island-nation's government to implement coordinated measures \"to ensure stable and adequate energy supply,\" the country's state news agency PNA reported. 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