Middle East tension, oil rise to test Peso’s resilience
Escalating conflict between the US and Iran has jolted global markets anew, driving crude prices toward seven-month highs of USD 67 per barrel and sharpening risks for oil-importing economies like the Philippines. For the peso, the spike is a familiar stress test: higher energy costs threaten to widen the trade deficit and reignite inflation pressures just as stability seemed within reach.
Fuel prices seen rising again amid Middle East tensions
Local fuel prices are expected to increase again this week, with possible further spikes due to worsening tensions in the Middle East.
SEC to reopen online lending market April 1
The Securities and Exchange Commission (SEC) will lift its three-year moratorium on new online lending platforms starting April 1, signaling a major policy shift aimed at expanding competition while tightening oversight of the fast-growing digital lending sector.
Public-private alliance steps up battle vs online scams hitting OFWs
The Department of Migrant Workers (DMW) has partnered with the Global Anti-Scam Alliance (GASA) to protect overseas Filipino workers (OFWs) and their families from the growing threat of online scams.
DA halts fertilizer delivery in Mindoro over registration violations
The Department of Agriculture (DA) has stopped the distribution and use of 11,353 bags of fertilizer in Oriental and Occidental Mindoro after regulators found violations of product registration rules.
