The Philippines said Chinese forces fired flares directly at its coast guard aircraft over the Spratly Islands in the disputed South China Sea, calling the incident “a clear and deliberate act of bullying.”
The Philippines said Chinese forces fired flares directly at its coast guard aircraft over the Spratly Islands in the disputed South China Sea, calling the incident “a clear and deliberate act of bullying.”
Philippine and Chinese coastguard ships in the South China Sea in 2019.
The Philippine government will provide fuel subsidies to public transport drivers from next week as part of measures to address the continued fallout from the Iran war, according to President Ferdinand Marcos Jr.
The Philippine government will provide fuel subsidies to public transport drivers from next week as part of measures to address the continued fallout from the Iran war, according to President Ferdinand Marcos Jr.
A worker refuels a jeepney at a gas station in Mandaluyong, the Philippines.
S&P Global Ratings lowered its outlook on the Philippines to stable from positive, saying the war in the Middle East has raised risks for the country’s balance of payments and fiscal position.
S&P Global Ratings lowered its outlook on the Philippines to stable from positive, saying the war in the Middle East has raised risks for the country’s balance of payments and fiscal position.
The trading floor at the Philippine Stock Exchange (PSE), operated by Philippine Stock Exchange Inc., in Taguig, the Philippines, on Friday, June 24, 2022. The exchange will permanently close its trading floor after the pandemic hastened its migration to "floorless trading" amid a digital shift that's changing the operations of capital markets. Photographer: Veejay Villafranca/Bloomberg
The Philippines’ inflation spiked in March to the highest in nearly two years as the Iran war choked energy supply and pushed up fuel prices.
An employee holds a fuel nozzle at a Pilipinas Shell Petroleum Corp. gas station in Las Pinas, the Philippines, on Wednesday, Sept. 7, 2022. Pilipinas Shell plans to have retail shops and restaurants in a third of its gasoline refilling stations by 2025 as its seeks to boost revenues beyond fuel. Photographer: Iya Forbes/Bloomberg
The Philippines’ inflation spiked in March to the highest in nearly two years as the Iran war choked energy supply and pushed up fuel prices.
An employee holds a fuel nozzle at a Pilipinas Shell Petroleum Corp. gas station in Las Pinas, the Philippines, on Wednesday, Sept. 7, 2022. Pilipinas Shell plans to have retail shops and restaurants in a third of its gasoline refilling stations by 2025 as its seeks to boost revenues beyond fuel. Photographer: Iya Forbes/Bloomberg
The raging war in Iran that caused domestic fuel prices to spike probably pushed this month’s inflation in import-dependent Philippines to the highest in nearly two years, according to the central bank’s forecast.
The raging war in Iran that caused domestic fuel prices to spike probably pushed this month’s inflation in import-dependent Philippines to the highest in nearly two years, according to the central bank’s forecast.
MANILA, PHILIPPINES - MARCH 27: Transport workers and activists take part in a protest as they stage a strike over surging fuel costs on March 27, 2026 in Manila, Philippines. Transport workers staged a two-day strike as global oil supply disruptions linked to the Iran war hit the Philippines, prompting a national energy emergency and driving fuel prices sharply higher. (Photo by Ezra Acayan/Getty Images)
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 for alternative suppliers to support domestic energy needs with the war in Iran raging.
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 for alternative suppliers to support domestic energy needs with the war in Iran raging.
Storage tanks at the Petron Corp. Mandaue Terminal, in Mandaue City in Cebu, the Philippines, on Tuesday, April 23, 2024. The Philippines is scheduled to release trade figures on May 8.
A leadership dispute within Lopez Inc., one of the Philippines’ biggest conglomerates, led to the ouster of its president over what he said was a disagreement over a 2-billion peso ($33 million) capital infusion for media unit ABS-CBN Corp.
A leadership dispute within Lopez Inc., one of the Philippines’ biggest conglomerates, led to the ouster of its president over what he said was a disagreement over a 2-billion peso ($33 million) capital infusion for media unit ABS-CBN Corp.
Employees work in a control room at the ABS-CBN Corp. Broadcasting Center in Metro Manila, the Philippines, on Tuesday, May 12, 2020. ABS-CBN, the Philippines' largest media company has asked the country's top court to halt a government order shutting its television and radio stations. Photographer: Veejay Villafranca/Bloomberg
A Philippine government council on price coordination has endorsed a plan to impose a 50-peso ($0.83) a kilo ceiling on imported rice as the war in Iran continues to drive up food and fuel costs.
A Philippine government council on price coordination has endorsed a plan to impose a 50-peso ($0.83) a kilo ceiling on imported rice as the war in Iran continues to drive up food and fuel costs.
A worker rakes paddy rice outside a rice mill in Kalasin province, Thailand, on Monday, Nov. 20, 2023. Limited supply from Vietnam has led to buyers such as the Philippines and Malaysia turning to Thailand for rice. Photographer: Luke Duggleby/Bloomberg
The Philippine central bank’s decision to hold off raising interest rates on Thursday may help stabilize the government bond market after yields surged since the start of the Iran war, the country’s national treasurer said.
The Philippine central bank’s decision to hold off raising interest rates on Thursday may help stabilize the government bond market after yields surged since the start of the Iran war, the country’s national treasurer said.
Motorists ride past the Bangko Sentral ng Pilipinas headquarters complex in Manila, the Philippines.
The Philippine central bank refrained from raising interest rates in an off-cycle meeting on Thursday, even as the Iran war is set to drive inflation well above its target this year.
The Philippine central bank refrained from raising interest rates in an off-cycle meeting on Thursday, even as the Iran war is set to drive inflation well above its target this year.
Motorists outside One Ayala mall in the central business district in Makati City, Metro Manila. Photographer: Veejay Villafranca/Bloomberg
The Philippines suspended its wholesale electricity spot market on Thursday, the latest in a series of emergency measures meant to address energy supply risks and price volatility triggered by the Middle East conflict.
The Philippines suspended its wholesale electricity spot market on Thursday, the latest in a series of emergency measures meant to address energy supply risks and price volatility triggered by the Middle East conflict.
Electricity transmission towers in Plaridel, Bulacan province, the Philippines. Photographer: Lisa Marie David/Bloomberg
Philippine state-owned pension fund Government Service Insurance System is offering loans of up to 500,000 pesos ($8,300) for members to buy and install solar power for their homes amid surging fossil fuel prices.
Philippine state-owned pension fund Government Service Insurance System is offering loans of up to 500,000 pesos ($8,300) for members to buy and install solar power for their homes amid surging fossil fuel prices.
Solar panels at the roof deck of a mall in Manila.
A Philippine congressional panel on Wednesday ordered the ombudsman to produce the statements of assets and liabilities of Vice President Sara Duterte as it tackles the impeachment complaints against her.
A Philippine congressional panel on Wednesday ordered the ombudsman to produce the statements of assets and liabilities of Vice President Sara Duterte as it tackles the impeachment complaints against her.
Sara Duterte Photographer: Lisa Marie David/Bloomberg
The Philippines is in discussions with major fertilizer producers including China and Russia to safeguard supply on fears exporters won’t deliver on contracts as the Middle East war keeps prices high.
The Philippines is in discussions with major fertilizer producers including China and Russia to safeguard supply on fears exporters won’t deliver on contracts as the Middle East war keeps prices high.
The Philippine central bank may need to tighten monetary policy next month if oil prices keep rising due to the Iran war, according to Finance Secretary Frederick Go, who warned that a prolonged fuel crunch could push up inflation and derail the economy.
The Philippine central bank may need to tighten monetary policy next month if oil prices keep rising due to the Iran war, according to Finance Secretary Frederick Go, who warned that a prolonged fuel crunch could push up inflation and derail the economy.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The Philippines is looking to review a nearly 30-year old law that liberalized its oil industry, as the government aims to have a better grip on fuel prices that have shot higher due to the Iran war.
The Philippines is looking to review a nearly 30-year old law that liberalized its oil industry, as the government aims to have a better grip on fuel prices that have shot higher due to the Iran war.
‘Out of stock' signs at a gas station in Manila on March 9.
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