The Philippines’ energy rationing measures, including a shortened four-day workweek for some government offices, are disproportionately hitting low-income households, raising risks of stagflation and potential social unrest, according to think tank Oxford Economics. In a report on Thursday, April...
The jump in the March inflation rate has set the stage for a potential 50-basis-point (bp) rate hike by the Bangko Sentral ng Pilipinas (BSP) during the second quarter, according to global investment banking giant Goldman Sachs. In an April 7 report obtained by Manila Bulletin, Goldman Sachs...
While President Marcos believes the two-week ceasefire deal between the United States and Iran may not be enough to lower the prices of oil, the country will maximize it to increase its supply. "So, we will take full advantage of the two weeks to increase our supply as much as possible and to...
Executive Secretary Ralph Recto expressed hopes that the oil diplomacy the Philippines is pursuing amid the Iran-US conflict would not only replenish the country 's stocks, but build it up. Recto stated this during a meeting with business groups and executives of petroleum companies on...
Four drug suspects were arrested in two separate operations in Quezon City and Taguig City that resulted in the confiscation of around P51 million worth of shabu, the Philippine Drug Enforcement Agency (PDEA) stated. In Quezon City, the suspects with aliases “Ariel,’’ “Eduard’’ and...
Headline inflation, or annual price increases, soared to a 20-month high of 4.1 percent in March, as the war in the Middle East fueled skyrocketing oil prices. National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis S. Mapa told a press briefing on Tuesday, April 7, that...
Stories of courage during the country’s darkest hours returned to the forefront once more as the country marks the Philippine Veterans Week, which kicked off on Monday, April 6. Among these narratives of defiance is Second Lieutenant Amparo F. Superiaso, who lived a life shaped by war, service,...
DUBAI, United Arab Emirates (AP) — Israel and the United States carried a wave of attacks Monday that killed more than 25 people in Iran. Tehran responded with missile fire on Israel and its Gulf Arab neighbors as U.S. President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz...
The Philippines is facing an inflationary shock that could spill over to slower economic growth, potential job losses, and more capital market outflows amid a prolonged Middle East conflict, according to the World Bank. The global oil price and supply shock wrought by the war in Iran would “raise...
Gen. Jose Melencio C. Nartatez, Jr., chief of the Philippine National Police (PNP), has ordered territorial police forces to strengthen coordination with coastal communities following the discovery of more than P22 million worth of shabu in Patnanungan, Quezon. The shabu was discovered and later...
TEL AVIV, Israel (AP) — U.S. President Donald Trump warned Iran to open the crucial Strait of Hormuz by his Monday deadline and Tehran called his threat "unbalanced and foolish." The search for a missing U.S. military pilot continued Saturday in a remote part of the Islamic Republic. Trump has...
If the war in the Middle East prolongs and global oil prices continue to skyrocket, the Philippine peso could breach the ₱61:$1 level in the second quarter of 2026 and even hit as low as ₱62 to ₱64 against the United States (US) dollar. “Our base case forecasts for the US dollar-Philippine...
