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)...
After hitting a nearly three-month low in the previous day, the peso rebounded against the United States (US) dollar, influenced by a tentative ceasefire between Iran and Israel, which pushed global crude oil prices to near two-week lows. Data from the Bankers Association of the Philippines (BAP)...
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...
While 72 percent of Filipino employees feeling trusted and empowered by management, only 59 percent of local workers trust their employers and feel supported, according to a new survey which highlights workplace tensions globally with over 39 percent of employees in Southeast Asia (SEA) are likely...
Foreign Affairs Secretary Enrique Manalo on Tuesday said members of the Association of Southeast Asian Nations (ASEAN) must manage geopolitical tensions to ensure uninterrupted development in the Indo-Pacific region. Since the region is now “an engine of global growth,” Manalo said the regional...
Managing the growing competition between the United States and China is "critically important" not only for both countries but also for their allies and partners in the Indo-Pacific, including the Philippines. That was what US State Department's Assistant Secretary for East Asian and Pacific Affairs...
Flags of the Philippines (left), United States (Unsplash) The increasing tension between world powers United States (US) and China should be enough reason for the Philippines to back out of the scheduled "war games" with the western country. Thus, said House Deputy Minority Leader and ACT Teachers...
