The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
HANOI, Vietnam (AP) — Farmers around the world are feeling the squeeze of the Iran war. Gas prices have shot up and fertilizer supplies are waning due to Tehran 's near shutdown of the Strait of Hormuz in retaliation for U.S. and Israeli bombing. The fertilizer shortage is putting the...
FRANKFURT, Germany (AP) — Iran appears to be setting itself up as the gatekeeper for the Strait of Hormuz, the world 's most important artery for oil shipments. The move could cement Tehran 's de facto chokehold over the crucial waterway and formalize its ability to keep its own oil...
With tough times ahead, austerity is the new buzzword. Yes, Virginia, we are in belt-tightening mode. The legs of inflation have walked their way into every aspect of basic services, with no apparent de-escalation of hostilities on the horizon. As an emerging economy, the Philippines is believed to...
DUBAI, United Arab Emirates (AP) — Iran on Wednesday dismissed an American plan to pause the war in the Middle East and launched more attacks on Israel and Gulf Arab countries, including strikes that hit a fuel tank at Kuwait International Airport, sparking a fire. Iran 's defiance came as...
WASHINGTON (AP) — Political warning signs that have privately worried some Republicans for months are starting to flash red ahead of November 's midterm elections, as the war in Iran keeps gas prices high, travelers face unprecedented airport security wait times and Americans remain...
DUBAI, United Arab Emirates (AP) — The United States sent a 15-point plan to Iran for a possible ceasefire, an official said, even as it began to move paratroopers to the Mideast to back up a contingent of Marines heading there on Wednesday. Iran 's military scoffed at the diplomatic effort...
President Marcos said war is “never in the national interest” of the Philippines as he expressed hope for the swift end of the ongoing conflict in the Middle East. “It certainly was unexpected, and we never want war,” Marcos said when asked in an interview with Bloomberg if he supports the...
DUBAI, United Arab Emirates (AP) — The Trump administration has offered a 15-point ceasefire plan to Iran, according to a person briefed on the contours of the proposal, even as the U.S. military is preparing to call up at least 1,000 more troops to supplement some 50,000 troops already in the...
WASHINGTON (AP) — The U.S. military is preparing to deploy at least 1,000 troops from the 82nd Airborne Division to the Middle East in the coming days, according to three people with knowledge of the plans. The unit is considered the Army’s emergency response force and can typically be...
WASHINGTON (AP) — President Donald Trump has listed five objectives that the U.S. wants to achieve before ending its war with Iran. Now, as he suggests the U.S. may soon be “winding down” the operation after three and a half weeks, some of his key aims remain undefined or unfulfilled. Trump...
The Philippines has no plans of changing the status of its diplomatic relations with Iran amid political developments in the Islamic republic, the country’s top diplomat said. Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro said Manila is not yet reassessing its diplomatic...
