SEOUL, South Korea - South Korea’s 20th-century history was reshaped by the Korean War, which devastated the nation, claimed countless lives, and tore families apart. At the Korean Demilitarized Zone (DMZ), the memories of the Korean War, which lasted from 1950 to 1953, remain permanently...
British banking giant Barclays sees the Bangko Sentral ng Pilipinas (BSP) holding key interest rates steady at this month’s policy meeting before possibly hiking in June, in a bid to support the already weak economic growth outlook even prior to the war in the Middle East. “With the ceasefire...
The ceasefire-driven rally of Asian currencies, including the Philippine peso, may be short-lived as global oil risks linger, according to Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC). In an April 9 report, OCBC Group Research foreign exchange (FX) strategists Sim Moh Siong and...
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...
