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Strait of Hormuz blockade rings alarm bells for economy

Energy and agriculture leaders warn of significant risks to fuel supply, prices, and food security after Iran announced it is closing the Strait of Hormuz, and threatening to fire on any vessel attempting to transit. This development follows reported attacks by the United States against Iran, according to a Reuters report.

Philippines, Sweden forge new growth partnerships

The Philippines and Sweden are exploring deeper economic cooperation...

CAB cuts fuel surcharge as global prices fall, lower airfares expected June 16–30

The Civil Aeronautics Board (CAB) has approved a reduction in fuel surcharges following a sustained drop in global jet fuel costs, a change that will take effect from June 16 to 30 and expected to bring down the shipping rate for passengers and cargo.

PhilHealth eyes overhaul to cut health costs

Filipinos could see major changes in how healthcare is delivered and paid for over the next two years as the Philippine Health Insurance Corp. (PhilHealth) rolls out reforms aimed at strengthening primary care, expanding targeted benefits, and reshaping how hospitals are reimbursed.

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