Philippines’ most influential business coalitions pledged on Monday, March 30, to ramp up investments in renewable energy and implement aggressive conservation measures as the government scrambles to insulate the economy from the global oil shock triggered by escalating Middle East hostilities....
The global oil price and supply shock caused by the war in the Middle East may reverse early 2026 gains by Philippine exporters, according to think tank Oxford Economics. In a report on Monday, March 30, Oxford Economics senior economist Sheana Yue said that while Asian goods exports started 2026...
The Civil Aviation Authority of the Philippines (CAAP) has placed all 42 regional airports under its management on heightened alert for the Holy Week travel period as the agency prepares for a nearly nine percent surge in passenger traffic. In a statement, CAAP said it expects passenger volume for...
China has claimed that a Philippine ship deliberately made a dangerous turn in the waters off the Spratly Islands in an action that Filipino officials reported to be rather intentionally caused by Chinese personnel. Zhai Shichen, spokesman for China 's People 's Liberation Army (PLA)...
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...
State-owned Development Bank of the Philippines (DBP) signed a ₱2-billion loan agreement with the City of Kabankalan to fund infrastructure and disaster resiliency projects, marking a significant escalation in state-backed efforts to combat chronic flooding in the Negros Occidental region. In a...
The Philippines’ goods trade with the rest of the world grew faster in February, ahead of the conflict in the Middle East posing a threat to the country’s exports. The latest preliminary Philippine Statistics Authority (PSA) data on Friday, March 27, showed that total external trade rose 10.7...
The Automobile Association of the Philippines (AAP), the Philippines ' official sanctioning body for all automobile-related motorsports, said it is pausing all sanctioned motorsports events until further notice. In its announcement, the AAP cited President Ferdinand Bongbong Marcos Jr...
Business groups expect the full implementation of the law suspending or reducing excise taxes on petroleum products to cushion the impact of rising prices on the operations of businesses across the country. In a statement, the Philippine Exporters Confederation Inc. (Philexport) said it welcomes...
It comes as a bit of a surprise that Jack Ma, founder of Alibaba—China’s largest private company—names Southeast Asia, rather than China, as the world’s next global economic juggernaut. Ma recently returned to Alibaba following years of Chinese government crackdowns on major tech firms that...
Senate President Vicente "Tito" Sotto III said on Wednesday, March 25, that all senators are expected to respond to any special session that President Marcos may call amid the oil crisis caused by the Middle East conflict. "I will if needed. Not at the moment but I’m sure they are aware of...
President Marcos’ declaration of a state of national energy emergency was a timely preemptive strike against volatile global crude markets rather than a delayed reaction, according to private sector economists, who warned that Filipino consumers must still prepare for a prolonged period of...
