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 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.

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said oil reaching $100 per barrel could force monetary policy tightening as inflation could breach the central bank’s target range.

The Philippines’ inflation rate rose to the fastest pace in over a year in February, putting the Southeast Asian economy in a delicate position ahead of the expected surge in prices of goods in the wake of the war in Iran.

The Philippines’ inflation rate rose for the third month in a row, putting the economy in a delicate position ahead of the expected surge in prices of goods in the wake of the war in Iran.

A Philippine congressional panel on Wednesday moved to advance two impeachment complaints against Vice President Sara Duterte, in a blow to President Ferdinand Marcos Jr.’s political opponent.

Philippine President Ferdinand Marcos Jr. plans to seek emergency power to slash taxes on petroleum products amid the war in the Middle East, as his government finds ways to ensure the safety of millions of Filipino workers in the region.

Philippine President Ferdinand Marcos Jr. plans to seek emergency power to slash taxes on petroleum products amid the war in the Middle East, as his government finds ways to ensure the safety of millions of Filipino workers in the region.

The selloff in stocks fueled by the Middle East conflict provides a buying opportunity for the Philippines’ top pension fund as it weighs expanding its equities portfolio.

The Philippines may see inflows of about $3 billion if the nation’s government bonds are added to JPMorgan Chase & Co.’s benchmark emerging-market index this year, according to National Treasurer Sharon Almanza.

Companies in the Philippines are stepping up efforts to limit foreign exchange risks as global uncertainty fuels sharp swings in the peso, according to Bank of America Corp.

The Philippine central bank cut its benchmark interest rate for a sixth straight meeting to aid an economy hit by a massive corruption scandal, and signaled that further easing would depend on how soon confidence is restored.

The Philippines raised 235 billion pesos ($4.1 billion) in new money from a bond sale that drew strong demand as investors locked in higher yields on bets the central bank may cut interest rates again Thursday.

The Philippines sold an initial 107 billion pesos ($1.9 billion) of bonds on Wednesday in its first large-scale local debt offering targeting institutional investors since April, as the government ramps up spending to spur economic growth.

The Philippines must step up efforts to reduce its persistent budget deficits and consider paring back fiscal incentives to help it sustain its economic momentum, according to the Organisation for Economic Co-operation & Development.

Philippine inflation accelerated to the highest in nearly a year, and returned within the central bank’s target as monetary authorities reaffirmed that the easing cycle may be drawing to a close.

Interest-rate swap transactions in the Philippines have jumped more than 60-fold since the launch of a peso IRS facility in late 2024, the nation’s central bank chief said, citing that a deepening market may improve the effectiveness of monetary policy.