The Manila City government and jeepney drivers operating in the city have agreed to provide free rides to commuters, with the city shouldering the earnings of participating jeepney drivers, Manila Mayor Francisco "Isko Moreno" Domagoso announced on Friday, March 27. Following his meeting with 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...
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 Metro Manila Council (MMC) announced that oil tankers and other vehicles used in the delivery of basic commodities are now exempted from the truck ban and the number coding scheme starting Tuesday, March 24, to expedite the transportation of such goods in Metro Manila. Metropolitan Manila...
A total of 2,629 Transport Network Vehicle Service (TNVS) drivers in Manila have received their much-awaited fuel subsidy from the national government on Tuesday, March 24, providing them much-needed reprieve from the soaring cost of fuel prices amid the Middle East war that has pushed oil prices...
SEOUL, South Korea (AP) — As war spreads across the Middle East, U.S. rivals and allies in Asia are preparing for the consequences, which include possible economic shock and long-term security threats. Here 's a look at how the fighting in the Middle East is impacting the Koreas, Japan and...
