HANOI, Vietnam (AP) — Farmers around the world are feeling the squeeze of the Iran war. Gas prices have shot up and fertilizer supplies are waning due to Tehran 's near shutdown of the Strait of Hormuz in retaliation for U.S. and Israeli bombing. The fertilizer shortage is putting the...
The World Bank Group (WBG) said it is stepping up support for emerging market (EM) economies like the Philippines, as the ongoing Middle East conflict drives up commodity prices and disrupts global logistics, posing new risks to growth and food security. In a statement on Thursday, March 26, the...
The Manila City local government slammed posts on social media saying that dump trucks or garbage trucks were used in its "Libreng Sakay" program to transport commuters for free as several public utility vehicle (PUV) drivers and operators, particularly jeepney drivers, refrained from plying their...
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...
With tough times ahead, austerity is the new buzzword. Yes, Virginia, we are in belt-tightening mode. The legs of inflation have walked their way into every aspect of basic services, with no apparent de-escalation of hostilities on the horizon. As an emerging economy, the Philippines is believed to...
Asia-Pacific economies, including the Philippines, are highly vulnerable to a protracted conflict in the Middle East, as sustained spikes in energy prices and broader disruptions threaten to slow growth and accelerate inflation, according to the Asian Development Bank (ADB). In a brief titled...
A total of 21,127 delivery riders operating in Manila are being targeted to receive the P5,000 fuel subsidy from the national government starting on Thursday, March 26, as part of its efforts in alleviating the adverse economic effects of the Middle East war in the country, particularly on the...
The Iran war has deflected global attention from Russia’s all-out invasion of its neighbor Ukraine as Europe’s biggest conflict since World War II enters its fifth year and an emboldened Kremlin undertakes a spring offensive. The past week showed that neither side is easing up. Russia on...
DUBAI, United Arab Emirates (AP) — Iran on Wednesday dismissed an American plan to pause the war in the Middle East and launched more attacks on Israel and Gulf Arab countries, including strikes that hit a fuel tank at Kuwait International Airport, sparking a fire. Iran 's defiance came as...
WASHINGTON (AP) — Political warning signs that have privately worried some Republicans for months are starting to flash red ahead of November 's midterm elections, as the war in Iran keeps gas prices high, travelers face unprecedented airport security wait times and Americans remain...
DUBAI, United Arab Emirates (AP) — The United States sent a 15-point plan to Iran for a possible ceasefire, an official said, even as it began to move paratroopers to the Mideast to back up a contingent of Marines heading there on Wednesday. Iran 's military scoffed at the diplomatic effort...
DUBAI, United Arab Emirates (AP) — The Trump administration has offered a 15-point ceasefire plan to Iran, according to a person briefed on the contours of the proposal, even as the U.S. military is preparing to call up at least 1,000 more troops to supplement some 50,000 troops already in the...
