The Philippines, through the Department of Foreign Affairs (DFA), has expressed grave concern over escalating tensions in the Middle East, particularly recent developments in the Strait of Hormuz, and urged all parties involved to uphold the initial peace agreement and pursue a negotiated...
Flag carrier Philippine Airlines (PAL) is resuming its direct service between Manila and Dubai in the United Arab Emirates (UAE) as it looks to take advantage of easing conditions in the Middle East while restoring connectivity to a major gateway for overseas Filipinos. In an advisory on Monday,...
Continuing its recovery from last week’s sell-off, the Philippine Stock Exchange index (PSEi) rose for a third straight trading day on Monday, June 29, as easing concerns over the Middle East conflict and a stronger peso lifted investor sentiment. The main index gained 61.17 points, or 1.01...
No Filipino seafarers were injured in the latest attacks on two vessels traversing the Strait of Hormuz, with both ships remaining seaworthy and continuing their voyages, Malacañang said on Monday, June 29. Presidential Communications Office (PCO) Claire Castro, citing a report submitted to...
Banks will be allowed to temporarily exclude valuation losses on government securities (GS) from their capital calculations after the Bangko Sentral ng Pilipinas (BSP) approved a regulatory relief measure in a bid to mitigate the financial impact of the ongoing Middle East conflict. In a memorandum...
Team Philippines capped its perfect run with a masterful 10-0 victory over Hong Kong to sweep the ASPAC and Middle East Regional Tournament and earn its ticket to the 2026 Senior League Baseball World Series in South Carolina, USA. The humble Tanauan City, Batangas-based squad completed its mastery...
The long-awaited ceasefire in the Middle East is expected to ease upward pressure on production costs and help boost local rice production, the Department of Agriculture (DA) said. DA Secretary Francisco Tiu Laurel Jr. said the local agriculture sector breathed a sigh of relief after the United...
President Marcos and German President Frank-Walter Steinmeier both agreed that the new agreement between the United States and Iran, which include the reopening of the Strait of Hormuz, is a good step towards peace. Both leaders shared the same position over the key development in the Middle East...
Philippine bond yields posted one of the largest increases in emerging East Asia in recent months as the war in the Middle East fueled inflation, prompted tighter monetary policy, and heightened investor concerns over the country’s economic vulnerabilities, according to the Asian Development Bank...
De La Salle University (DLSU) economists have lowered their 2026 economic growth forecast anew, warning that mounting global and domestic shocks could leave the Philippine economy posting its slowest post-pandemic expansion this year. In their latest report on the Philippine economy for June 2026...
Emerging market (EM) Asian currencies continue to bear the brunt of ongoing geopolitical rifts, with the peso suffering the deepest decline among the region’s energy-importing economies since conflicts in the Middle East flared up nearly four months ago. According to a report published last...
The Asian Development Bank (ADB) is mobilizing $4 billion in financing to help its developing member countries (DMCs) cope with the economic fallout from the ongoing war in the Middle East, with the Philippines among those seeking assistance as higher fuel, food, fertilizer, and freight costs...
