Tag: Oil Shock

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Hybrid shift looms; factories brace hard amid oil shock

Economy Context.ph Context.ph -
Businesses are reviving pandemic-era playbooks—testing hybrid work and tightening planning—as global uncertainty drives up costs and clouds operations.

Oil surge rattles peso, tests policy

Energy & Mining Context.ph Context.ph -
The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).

US-Iran conflict sends oil prices soaring

Energy & Mining Context.ph Context.ph -
Global oil markets swung violently Monday as the escalating conflict between the US and Iran disrupted one of the world’s most important energy corridors, briefly sending crude prices soaring before easing on hints the conflict might end soon.

Power giant Meralco braces for oil shock

Energy & Mining Context.ph Context.ph -
Manila Electric Co. chairman Manuel V. Pangilinan said the country’s largest power distributor is reviewing its fuel mix as tensions in the Middle East threaten to push electricity costs higher.

PCCI urges Philippine defenses vs oil shock

Economy Context.ph Context.ph -
The Philippine Chamber of Commerce and Industry has urged swift and decisive action as geopolitical tensions following US and Israeli military strikes on Iran rattle global markets and threaten to derail the Philippines’ fragile recovery.
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ADB approves $1.5-B emergency loan to cushion Philippines from Middle East conflict

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The Asian Development Bank (ADB) has approved a $1.5 billion financing package for the Philippines, delivering critical financial support to help the country absorb the spillover effects of ongoing conflict in the Middle East.

KinoFest 2026 German film festival debuts in Manila Oct 15–18

Education, Health & Science 0
Manila will host KinoFest 2026 — The German Film Festival for the first time October 15–18 at GH Ortigas Cinema, Greenhills Mall. This marks the event’s fifth edition, bringing free, first-come, first-served screenings to Filipino viewers.

Corruption, inflation drain P2.75T from economy

Economy 0
Corruption and inflation may have cost the Philippine economy an estimated P2.75 trillion over the 12 months to the second quarter of 2026, Senate President Sherwin Gatchalian said Thursday, as lawmakers launched an inquiry into the country’s slowing growth and weakening investment.

BSP concludes 2026 Financial Literacy Series in Legazpi, directing focus toward habits of youth and regulators 

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) wrapped up its annual Economic and Financial Learning Program in Legazpi City this week, delivering two days of practical financial education to over 2,400 students and teachers while signaling a broader policy shift toward long-term behavioral change in financial inclusion.

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