Singapore-based United Overseas Bank Ltd. (UOB) expects the Bangko Sentral ng Pilipinas (BSP) to keep key interest rates unchanged this year, despite rising risks to growth and inflation from the ongoing war in the Middle East. “Amid persistent uncertainty over the Middle East conflict, we expect...
Philippine manufacturing growth slowed in March as input prices spiked amid rising energy costs tied to the war in the Middle East. In a report on Wednesday, April 1, S&P Global said the Philippines ’ purchasing managers’ index (PMI) eased to 51.3 last month from 54.6 in February, signaling a...
DUBAI, United Arab Emirates (AP) — A likely strike by the United States hit the central Iranian city of Isfahan early Tuesday, sending a massive fireball into the sky, and Tehran struck a fully loaded Kuwaiti oil tanker in the Persian Gulf. The attacks were testament to the intensity of the...
Amid the ongoing conflict in the Middle East that had pushed fuel prices, including liquified petroleum gas (LPG), to record highs, small eateries in Manila continue to grapple with the volatile economic situation, forcing them to turn to traditional and often cheaper alternatives just to keep...
A total of 23,630 beneficiaries belonging to various transport groups and sectors in Manila have received the P5,000 fuel subsidy courtesy of the national government as aid amid the skyrocketing of fuel prices caused by the Middle East war, Manila Mayor Francisco "Isko Moreno" Domagoso said on...
MADRID (AP) — Spain closed its airspace to U.S. planes involved in the Iran war, officials said Monday, in another step by Europe’s loudest critic of U.S. and Israeli military actions in the monthlong conflict. The country earlier said that the U.S. couldn 't use jointly operated military...
DUBAI, United Arab Emirates (AP) — President Donald Trump openly mused about seizing Iran’s Kharg Island oil terminal in the Persian Gulf and the United States and Israel kept up their attacks Monday on the Islamic Republic, even as there were signs of progress in nascent ceasefire talks....
The Manila City government recorded over 28,000 commuters who benefitted from the first day of its "Libreng Sakay" program on Monday, March 30, aimed at providing the public with free rides while the city government subsidizes the daily earnings of participating jeepney drivers. First announced by...
ISLAMABAD (AP) — Pakistan announced Sunday that it will soon host talks between the U.S. and Iran, though there was no immediate word from Washington or Tehran, and it was unclear whether discussions on the monthlong war would be direct or indirect. "Pakistan is very happy that both Iran and the...
WASHINGTON (AP) — U.S. and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing countries to ration fuel and subsidize energy costs to protect their poorest. Ongoing strikes and counterstrikes on...
DUBAI, United Arab Emirates (AP) — Iranian-backed Houthi rebels entered the month-long war in the Middle East on Saturday, claiming two missile launches at Israel. About 2,500 U.S. Marines arrived in the region. And Pakistan 's government said regional powers plan to meet Sunday to discuss...
The Philippine economy, long a darling of emerging market growth, is shifting into a defensive war footing. As Brent crude flirts with atmospheric heights and the Middle East conflict continues to choke the Strait of Hormuz—the world’s most vital energy artery—President Ferdinand Marcos Jr....
