Tag: Strait of Hormuz

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Strait of Hormuz closure push oil prices past $100/barrel

Energy & Mining Context.ph Context.ph -
Global oil prices surged sharply, with Brent Crude for May delivery breaching USD100 per barrel for the first time in nearly four years as Iran threatened to keep the Strait of Hormuz closed amid escalating tensions with the US and Israel.

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Philippines presses ASEAN to turn economic pledges into tangible gains

Trade & Investments 0
The Philippines is urging ASEAN members to finish outstanding economic commitments and carry them into the next phase of regional integration, warning that the success of the bloc’s economic agenda will depend on implementation beyond its 2026 chairmanship.

Philip Morris counts Philippines as key sourcing, manufacturing hub

Agriculture 0
Philip Morris International (PMI) is counting on the Philippines as an important sourcing and manufacturing base as it strengthens supply-chain resilience against weather disruptions, geopolitical risks and other external shocks.

FAA grounds US flights over nationwide communications failure

Top News 0
The Federal Aviation Administration (FAA) halted commercial flights nationwide Friday (early Saturday in Manila) after a communications failure crippled all 22 regional air traffic control centers, although it remained unclear whether the disruption was connected to an outage affecting some Microsoft services.

Philippines flirts with stagflation as growth stalls, prices surge

Opinion 0
The Philippine economy is beginning to resemble a car running low on fuel while its engine overheats. Growth is sputtering, prices are soaring, jobs are getting harder to find, and agriculture—a major source of food and rural livelihoods—is contracting

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