Malacañang said that the P12-per-liter fuel discount for public utility vehicle (PUV) drivers will continue as long as the transport sector needs government assistance amid the impact of higher fuel prices. In a press briefing on Thursday, Aug. 6, Presidential Communications Office (PCO)...
Eight fencers from the University of the East juniors squad take a huge test as they face tough competition in the Taiwan leg of the Asian Cadet Cup (ACC) fencing championship set July 31 to Aug. 2 in Taipei City. Leading the charge for the Red Warriors are three Grade 10 student athletes that won...
Gotianun-led East West Banking Corp. (EastWest Bank) reported a 17-percent decline in net income to ₱3.4 billion in the first half of 2026 from the ₱4.1 billion posted in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, July 31, EastWest Bank said the...
The war in the Middle East could push as many as 86,000 more people living in Philippine urban areas into poverty as higher fuel, food, as well as transport costs strain household budgets, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). In its...
Malacañang said that savings generated by withholding funds from questionable infrastructure projects were used to bankroll the government 's UPLIFT program and other interventions aimed at cushioning Filipinos from the impact of the Middle East crisis. Presidential Communications Office...
A “triple threat” of crude oil prices topping $80 per barrel, Metro Manila’s ₱85 daily wage hike, and severe El Niño conditions could push third-quarter Philippine inflation back to levels seen during the height of the Middle East crisis and prompt the Bangko Sentral ng Pilipinas (BSP) to...
The World Bank has urged East Asia and Pacific (EAP) countries to strengthen the efficiency, safety, and sustainability of their maritime sectors, saying the Philippines and its regional peers need reforms to support economic growth, improve trade competitiveness, and create more jobs amid aging...
President Marcos has defended his administration 's handling of the economic fallout from the conflict in the Middle East, saying the government responded quickly to protect Filipinos and mitigate the crisis ' effects. In his fifth State of the Nation Address (SONA) on Monday, July 27,...
The ongoing war in the Middle East continues to “ substantially ” weigh on the Philippine tourism industry, although strong domestic tourism has helped cushion the impact, according to the Department of Tourism (DOT). Speaking during the 117th Asian Impact Webinar organized by the...
Malacañang disclosed that the P22.7-billion savings of the government will be used to fund programs for vulnerable sectors affected by the Middle East conflict. According to the Department of Budget and Management (DBM), the government has P22.79 billion in savings, Palace Press Officer and...
The Philippines is among the economies hardest hit by the prolonged Middle East conflict, but it could emerge as a beneficiary once the Strait of Hormuz reopens and global oil shipments normalize, according to think tank Oxford Economics. In a July 22 report, Oxford Economics senior emerging market...
Consumer price movements may not stabilize soon due to twin threats that could keep inflation elevated, according to New York-based economic think tank GlobalSource Partners Inc. GlobalSource economist Diwa Guinigundo warned that the Philippines is battling two simultaneous price shocks: the...
