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HD Hyundai Heavy Industries is expanding in the Philippines, executing nearly USD2 billion in maritime projects while expanding its industrial footprint in Subic, a top executive announced at the Philippines–Korea Business Forum.

President Ferdinand Marcos Jr. on Tuesday highlighted South Korea’s unwavering support for Philippine infrastructure, welcoming President Lee Jae-myung to Malacañan Palace in a landmark state visit marking 77 years of diplomatic ties.

President Ferdinand Marcos Jr. on Tuesday urged Filipinos to cut energy use as fuel prices climb amid US-Iran tensions threatening global oil supply. 

President Ferdinand Marcos Jr assured Filipinos on Tuesday that the country’s fuel supply remains secure despite volatility in global oil markets triggered by escalating tensions between the United States and Iran.

Global markets jolted into the new week after a dramatic escalation between the United States, Israel and Iran triggered fresh fears of an energy supply shock that could ripple through currencies, inflation and consumer prices worldwide.