Iran conflict forces Asian central banks into sharp policy rethink
TOKYO — The escalating crisis in the Middle East has dramatically changed the outlook for Asian central banks, with the huge supply shock posing...
Philippine stocks plunge as oil exceeds $100
PHILIPPINE SHARES tumbled on Monday, snapping a two-month recovery as the escalating Middle East war and surging oil prices spooked investors.
The Philippine Stock Exchange...
House panel eyes approval of bill letting Marcos suspend fuel excise taxes this week
A HOUSE of Representatives committee will take up on Wednesday a proposal to suspend excise tax collections on petrol, a congressman said on Monday, seeking its swift approval to pave the way for plenary passage before Congress goes on a month-long break next week.
Big-time fuel price hikes set as war throttles supply
SEVERAL OIL COMPANIES have agreed to spread out this week’s increases in fuel costs to temper the big-time adjustments reaching as much as P38.50 per liter as a widening war in the Middle East continues to threaten oil supply, driving up global prices.
Peso, stocks sink as oil prices surge
THE PHILIPPINE PESO plunged to a new record low against the dollar on Monday while the main stock benchmark recorded its steepest single-day drop...
Rate hikes unlikely for now despite oil shock, MUFG says
THE BANGKO SENTRAL ng Pilipinas (BSP) is unlikely to hike rates in the near term even as oil price shocks due to the ongoing war in the Middle East are expected to weigh on inflation and the peso, MUFG Global Markets Research said.
Philippine firms brace for rising costs as oil surge drags peso
Philippine companies are bracing for higher costs as oil’s spike above $100 a barrel drags the peso to a record low, heightening the risks...
Philippine banks’ loan growth in January slowest in nearly two years
By Katherine K. Chan, Reporter
Philippine banks’ lending growth slowed to a near two-year low in January as outstanding loans continued to expand at a...