Senate President Francis “Chiz” Escudero is considering filing a bill that would grant standby authority to the Department of Finance (DOF) or the President to temporarily reduce oil taxes in response to global fuel price spikes triggered by geopolitical crises, such as the ongoing Iran-Israel...
President Marcos assured the public that the ongoing tensions between Israel and Iran have not caused any significant disruption to the Philippine economy, despite earlier fears of a fuel price spike. “So far, there is no effect — there is no significant effect on the economy,” Marcos told...
Israel 's envoy to Manila has justified Tel Aviv 's unprecedented attack on Iran, which escalated yet another conflict in the region, by saying it did in response to threats—and even actions—of the Iranian regime to annihilate the whole Jewish nation. Israel bombarded on June 13...
The government said the impact of the ongoing tensions in the Middle East will not have an alarming impact on the country 's economy, at least as of Tuesday, June 24. In a meeting with President Marcos in Malacañan on Tuesday, Department of Economy, Planning, and Development (DEPDev)...
Thirty-one Filipino repatriates have departed Qatar after a delay due to the temporary closure of Qatar 's airspace amid airstrikes, the Philippine Embassy in Qatar said. The embassy said the 31 Filipinos, who evacuated from Israel, Jordan, Palestine, and Qatar, have left Doha for Manila on...
Israel still has no plans of closing its borders with Jordan and Egypt to give way for the repatriation of foreign nationals as its neighbors started considering closing its airspaces due to continued escalation of tension that now included the United States. Israel 's envoy to Manila,...
Filipinos in Qatar were told to shelter in place as Iran launched missile attacks on a United States military base in Qatar. The Philippine Embassy in Qatar on early Tuesday morning, June 24, advised all Filipino nationals in Qatar “to shelter in place until further notice.” “All Filipinos...
