1. Big-time oil price hike set for January 15  Rappler
  2. LIST: Oil firms to hike pump prices starting Jan. 15  INQUIRER.net
  3. View full coverage on Google News

The Department of Energy says the increase is due to oil-producing countries cutting their output to stabilize global prices

Another round of fuel price increase will be implemented on Tuesday, January 15.

Chinese companies are interested in investing in the operations of the Philippine unit of South Korea's Hanjin Heavy Industries and Construction, which recently declared bankruptcy after it defaulted on over $400 million in bank loans.

The local finance sector is reeling after ship-building giant Hanjin’s Philippine unit filed for corporate rehabilitation.

Two Chinese shipbuilding firms are interested to take over the Philippine business of the Hanjin Group of South Korea, a government official said, as the Duterte administration steps in to help save the troubled investor in Subic.