[THIS IS A PRESS RELEASE]
Savills Philippines
As a proud member of the Filipino business community, I'm committed to our nation's progress. I've been thinking about how we can break free from risky dependencies on foreign energy supplies that expose us to global volatility, price spikes, and supply disruptions. The Philippines imports nearly all its crude oil (around 98% dependency), relies heavily on coal from Indonesia (98% of our coal imports in recent years), and faces tight aviation fuel stocks that have recently dipped into concerning territory amid international tensions.
