Top News
Marcos signs law allowing fuel tax relief
President Ferdinand Marcos Jr. on Wednesday signed into law Republic Act No. 12316, a measure granting him the authority to suspend or reduce excise taxes on petroleum products in response to surging global oil prices.
Marcos declares state of national energy emergency
President Ferdinand Marcos Jr. on Tuesday declared a state of national energy emergency through Executive Order No. 110, citing the growing economic risks posed by escalating geopolitical tensions in the Middle East.
ADB unveils support package amid Middle East crisis
The Asian Development Bank (ADB) on Tuesday announced a broad financial support package aimed at helping developing member countries (DMCs) cushion the economic fallout from the escalating conflict in the Middle East.
Economic Planning chief warns oil shock may worsen poverty, slow growth
Economic Planning Secretary Arsenio Balisacan cautioned lawmakers that a prolonged Middle East conflict could trigger a severe economic shock in the Philippines, with surging oil prices threatening to reverse gains in poverty reduction.
Treasury partially awards T-Bills as yields rise
The Bureau of the Treasury (BTr) partially awarded its Treasury bill (T-bill) offerings on Monday, signaling a cautious stance as yields climbed amid heightened geopolitical tensions in the Middle East.
