Philippine shares rebound on bargain hunting
PHILIPPINE SHARES closed higher on Tuesday as investors took advantage of cheaper prices after the market’s two-day slide, with signals of a possible de-escalation...
Peso surges as Trump says Iran talks underway
THE PESO recovered to the P59-per-dollar level on Tuesday as markets saw some relief after US President Donald J. Trump claimed they were already...
DA warns food prices to surge if oil prices remain elevated
THE Department of Agriculture (DA) said on Tuesday that without government interventions, prices of key agricultural commodities could spike by about 20% to 60% if crude oil prices surge to a 180-day average of $200 per barrel.
Philippines remains an underperformer among Asian peers — ANZ
NEW ZEALAND-BASED ANZ Research expects slower growth for the Philippines as it sees the country underperforming amid a continued decline in infrastructure spending.
Government allots P20B to buy 2M barrels of diesel
THE PHILIPPINE government has allocated around P20 billion to purchase two million barrels of diesel to boost the country’s stockpile, which is currently equivalent to 45 days of supply.
Marcos still sees 6% growth by 2028
PRESIDENT Ferdinand R. Marcos, Jr. said economic targets will have to be revised to reflect the impact of the Middle East conflict but remains...
Philippines declares energy emergency amid surging fuel prices
Philippine President Ferdinand R. Marcos, Jr. declared a national state of energy emergency on Tuesday, which gives the government expanded powers to secure fuel supplies and shield the economy from surging oil prices triggered by the war involving Iran, Israel and the US.
Philippines working with Washington to obtain oil from US-sanctioned countries
MANILA — The Philippines is working with Washington to secure waivers and exemptions that will allow it to obtain oil from US-sanctioned countries and...
Philippines declares energy emergency over Middle East conflict risks
MANILA - Philippine President Ferdinand R. Marcos Jr on Tuesday declared a state of national energy emergency in response to the Middle East conflict...
Asia looks to COVID-era playbook to tackle fuel crisis
Countries across Asia are weighing up work-from-home policies and stimulus measures enforced during the COVID pandemic, as they scramble to respond to global fuel...
Marcos says Philippine oil supply secure beyond 45 days
PRESIDENT Ferdinand R. Marcos, Jr. said the Philippines has secured enough fuel supply to last beyond 45 days despite disruptions caused by war in the Middle East, as the government scrambles to line up alternative sources and ensure existing contracts are fulfilled.
PSEi climbs above 6,000 line on cease-fire hopes
PHILIPPINE SHARES returned above the 6,000 line on Wednesday on hopes that the war in the Middle East would end soon as the United...