The Philippines is facing a deepening cost-of-living crisis and a sharp economic slowdown driven by escalating tensions between the United States (US) and Iran, according to a report by BMI, a unit of Fitch Solutions. While the government has introduced relief measures, a narrowing fiscal window...
KUALA LUMPUR, Malaysia (AP) — Malaysia ’s maritime agency says Iranian-linked tankers are exploiting “jurisdictional gaps” to conduct ship-to-ship transfers of sanctioned oil near its waters, rejecting allegations that authorities ignored a long-running trade allowing Iran to evade U.S....
State-run Philippine Amusement and Gaming Corporation (Pagcor) has officially turned over ₱5.7 billion in dividends to the national treasury, a fund seen as adding to the government’s resources earmarked for energy crisis response. The payment represents nearly half of the agency’s net...
Help is on the way. House Majority Leader Ilocos Norte 1st district Rep. Sandro Marcos gave this assurance to Filipinos after the Ad Hoc Committee on Legislative Energy Action and Development (LEAD) approve on Tuesday, May 12 the consolidated KALINGA Bill. House Speaker Isabela 6th district Rep....
The conflict in Iran continues, and while recent negotiations and a ceasefire offer a glimmer of light at the end of the tunnel, the future remains uncertain. When crises drag on, it’s easy to feel as though the chaos will last forever. We find ourselves asking: When will this end? While we...
The research arm of Frankfurt-based Deutsche Bank sees a “ super ” El Niño developing from this month until July, threatening to further accelerate the surge in Philippine consumer prices already aggravated by the Middle East war. Deutsche Bank Research hiked its inflation assumption for...
Eligible transport network vehicle service (TNVS) drivers and motorcycle taxi riders in Metro Manila are reminded to strictly follow their assigned schedules and venues for the government’s cash aid distribution starting Monday, May 11, as authorities enforce a “no walk-ins” policy to avoid...
Southeast Asian leaders reaffirmed their commitment to regional unity, energy and food security, and people-centered development as they adopted the Chair’s Statement of the 48th Association of Southeast Asian Nations (ASEAN) Summit in Cebu under the Philippines’ chairship. The leaders said the...
LAPU-LAPU CITY, Cebu — The leaders of the Association of Southeast Asian Nations (ASEAN) are exploring the creation of a regional fuel reserve system to strengthen energy security and cushion member-states from future supply disruptions caused by wars and geopolitical tensions, President Marcos...
LAPU-LAPU CITY, Cebu — President Marcos has warned Southeast Asian leaders that no country can shield itself from the ripple effects of global conflicts, saying crises beyond the region are now directly affecting the daily lives of the people in the region. Speaking at the Retreat Session of the...
LAPU-LAPU CITY, Cebu — President Marcos on Friday, May 8, formally opened the 48th Association of Southeast Asian Nations (ASEAN) Summit here, calling on Southeast Asian leaders to respond with unity and resolve to the escalating crisis in the Middle East and its growing impact on the region....
Vice President Sara Duterte criticized what she described as the government’s “lack of direction” as many Filipinos continue to struggle with poverty, unemployment, and rising economic uncertainty. In a video interview released by the Office of the Vice President (OVP) on Thursday, May 7,...
