Despite the scorching heat, several groups trooped to Mendiola in Manila on Friday, March 27, to call on the national government to immediately act on various social and economic issues arising from the Middle East war. Around 800 protesters belonging to Pagkakaisa ng mga Samahan ng Tsuper at...
The Philippine National Police (PNP) on Friday, March 27, said it has stepped up its monitoring of liquefied petroleum gas (LPG) retailers as the number of gasoline stations forced to close due to supply problems climbed to 425. PNP Chief, Police General Jose Melencio C. Nartatez Jr. said the...
Malacañang said it is not closing its doors to recommendations to implement a price freeze on oil as the country reels from the impact of the ongoing Middle East conflict. Palace Press Officer and Communications Undersecretary Claire Castro said on Friday, March 27, that a price freeze is under...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
The global oil shock triggered by escalating conflict in the Middle East is hitting the Philippines’ poorest households the hardest, as surging fuel costs spill over into food prices and erode purchasing power. A March 26 position paper by state-run policy think tank Philippine Institute for...
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...
Senator Robin Padilla has called on the Philippine government to revive its longstanding claim over Sabah , citing the territory’s oil resources as the country grapples with rising fuel costs due to tensions in the Middle East. In a Facebook post addressed to President Marcos, Padilla said...
The Department of the Interior and Local Government (DILG) on Friday, March 27, urged local government units (LGUs) nationwide to adopt a four-day onsite workweek as part of a broader push to cut energy use and reduce government spending. The DILG issued Memorandum Circular 2026-023 to address the...
Foreign lenders are backing the Bangko Sentral ng Pilipinas’ (BSP) increasingly hawkish stance as the local economy grapples with war-driven oil price volatility and supply disruptions. Nomura Holdings Inc., a Japanese investment and brokerage giant, raised its expectations for “significant”...
President Marcos said that the Philippines ' hosting of the Association of Southeast Asian Nations (ASEAN) Summit in May will still push through despite the ongoing war in the Middle East. It will proceed as scheduled, Marcos said, but will only be a "barebones ASEAN Summit," stressing that it...
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...
