Philippine refiner Petron buys Russian crude, eyes more if Iran war persists
Petron Corp., the Philippines’ only refiner, has procured 2.48 million barrels of crude oil from Russia as the Southeast Asian nation scours the world...
Iran war forces Asian economies to confront sliding currencies and surging oil
SINGAPORE — Policymakers in the Asia-Pacific region are facing their toughest test since the COVID-19 pandemic, with few easy options, as they race to cushion...
PSEi slides to 4-month low as Iran war escalates
THE MAIN INDEX sank to an over four-month low on Monday as the war in the Middle East escalated further, worsening market worries over...
DoE says 900,000 barrels of diesel to arrive next month
ENERGY SECRETARY Sharon S. Garin on Monday said that a new batch of diesel orders totaling 900,000 barrels are set to arrive in the...
Debt service bill jumps in January
THE NATIONAL Government’s (NG) debt service bill jumped by nearly 30% to P137.67 billion in January amid higher interest payments, the Bureau of the Treasury (BTr) said.
Back to WFH? Oil crisis reignites debate over hybrid work schemes
PHILIPPINE COMPANIES are weighing a return to flexible work arrangements to cushion employees from the impact of soaring fuel costs.
Slow growth to keep BSP on hold despite oil price shocks
TEPID ECONOMIC GROWTH will likely force the Bangko Sentral ng Pilipinas (BSP) to stand pat until yearend even as oil price shocks amid the Middle East war are expected to stoke inflation, Fitch Solutions unit BMI said.
Peso hits new low P60.69 vs dollar
THE PESO slid to an all-time low against the US dollar on Monday as soaring oil prices raise concerns over inflation and an economic...
BSP sees faster inflation in March at 3.1%-3.9%
By Katherine K. Chan, Reporter
Costlier fuel, electricity, rice and the peso’s weakness drove inflation past the central bank’s point target in March, the Bangko...
Corruption issues drag Manila to near-bottom of ‘smart cities’ list
MANILA dropped seven spots in the 2026 Smart City Index by Switzerland-based International Institute for Management Development World Competitiveness Center (WCC), as residents continued to fret about corruption and traffic congestion.
Philippines looks to Americas for more oil supply
The Philippines said it increased its stockpile of petroleum products to 51 days, as the import-dependent nation searches the world for alternative suppliers while...
Oil could spike to $200 if Hormuz remains shut, Fesharaki warns
Oil may surge to $150 or $200 a barrel if the near-closure of the Strait of Hormuz persists over the next six to eight...