Whether it was "early politicking" or "early campaigning," President Marcos will not pay any attention to the newly-formed political coalition 's intention, Malacañang said. "Kung anuman po ang ninanais nila sa gitna ng krisis sa Middle East, iyong maaga nilang pamumulitika, iyong maaga...
The collapse of peace talks between the United States (US) and Iran over the weekend could hurt semiconductor manufacturers in Asia, including the Philippines, according to British banking giant Barclays. “A prolonged energy disruption could lead to a tail-risk scenario that hits semiconductor...
Saying that President Marcos has failed to deliver substantial relief to the people amid the impacts of the Middle East crisis on the country is a huge lie, Malacañang said. Palace Press Officer and Communications Undersecretary Claire Castro said seen or not seen, Marcos continue to work and...
Local manufacturers are expected to see immediate relief from high operating costs as diesel prices are projected to drop by nearly ₱21 per liter following consecutive weeks of price hikes, according to the Federation of Philippine Industries (FPI). In a statement on Monday, April 13, FPI said...
Malacañang said the reported breakdown of talks between the United States and Iran is “not good news,” warning that escalating tensions in the Middle East could further drive up global oil prices. In a press briefing, Presidential Communications Office (PCO) Undersecretary Claire Castro said...
The local banking system faces a more severe threat from escalating Middle East tensions than in previous economic shocks, as a pivot toward lending to small businesses and consumers creates new pockets of vulnerability, according to Fitch Ratings. Jonathan Cornish, Fitch Ratings managing director...
The Philippine Economic Zone Authority (PEZA) signaled plans to lower this year’s ₱300-billion target for investment pledges amid a 22-percent drop in approvals in the first quarter, as the ongoing war in the Middle East dampens investment plans. In a statement on Saturday, April 11, PEZA said...
The Philippine economy is facing its most severe test from the ongoing oil crisis, with economists warning that surging fuel costs and supply disruptions are exposing deep structural vulnerabilities and could derail growth prospects this year. In separate reports released on Friday, April 10,...
The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
CEBU CITY – More than 200 Overseas Filipino Workers (OFWs) from Central Visayas have been repatriated due to the tension in the Middle East. According to the Overseas Workers Welfare Administration-Central Visayas (OWWA-7), 202 OFWs from Region 7 have returned home, 59 from Saudi Arabia, 46 from...
The Department of Foreign Affairs (DFA) said it is receiving a steady stream of repatriation requests from Filipinos amid persistent tensions in the Middle East. As of Friday, April 10, data released by the DFA showed that it has received a total of 1,451 repatriation requests from overseas...
While the Bangko Sentral ng Pilipinas (BSP) remains firm on intervening in the foreign exchange (forex) market only when it becomes inflationary, its chief said this threshold has been lowered, citing the central bank’s credibility. BSP Governor Eli M. Remolona Jr. told CNBC on Friday, April 10,...
