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,...
Amid tensions in the Middle East that could affect global logistics and fuel costs, medicine prices in the Philippines are expected to remain stable in the coming months, with no increases seen at least until June, the Department of Health (DOH) said on Friday, April 10. Health Secretary Teodoro...
School-based non-teaching and related teaching personnel will now be covered by the Department of Education’s (DepEd) work-from-home (WFH) arrangement every Friday, under an updated memorandum that also directs schools to maintain uninterrupted operations. In a memorandum posted on Thursday...
The country’s umbrella group of manufacturers and producers is urging the government to provide more support to businesses through subsidies and incentives, as higher operating costs threaten millions of livelihoods. In a statement, the Federation of Philippine Industries (FPI) said the...
Philippine economic recovery from the flood-control corruption fallout last year is seen as being derailed by escalating geopolitical risks from the Middle East conflict, according to the Asian Development Bank (ADB), which slashed its 2026 growth forecast to below target. Citing uncertainties tied...
British banking giant Barclays sees the Bangko Sentral ng Pilipinas (BSP) holding key interest rates steady at this month’s policy meeting before possibly hiking in June, in a bid to support the already weak economic growth outlook even prior to the war in the Middle East. “With the ceasefire...
The ceasefire-driven rally of Asian currencies, including the Philippine peso, may be short-lived as global oil risks linger, according to Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC). In an April 9 report, OCBC Group Research foreign exchange (FX) strategists Sim Moh Siong and...
The Philippines has called upon all parties to adhere to the ceasefire agreement between the United States and Iran and end the attacks in Lebanon. Through the Department of Foreign Affairs (DFA), the Philippines on Thursday, April 9, expressed "grave concern over the escalation of conflict and the...
Vice President Sara Duterte suggested that President Marcos be asked what actions he is taking to address the impacts of the Middle East conflict on the country. When asked what the government must further do to cushion the effects of the ongoing crisis, Duterte said the President must be asked...
The Philippines’ energy rationing measures, including a shortened four-day workweek for some government offices, are disproportionately hitting low-income households, raising risks of stagflation and potential social unrest, according to think tank Oxford Economics. In a report on Thursday, April...
