Middle East Updates

Developments in the Mideast war and its impact on Asia-Pacific

SBMA cuts port, cargo fees to aid traders amid oil crisis

SUBIC BAY FREEPORT—The Subic Bay Metropolitan Authority (SBMA) has implemented a host of fiscal relief…

BIZ BUZZ: No safe bets: Mideast war hits casinos 

The energy shock is clearly rippling into unlikely corners of the economy. Even the gaming…

Cebu Pacific traffic rose in Q1 despite fuel risks

An influx of travel during the school break lifted passenger traffic at Gokongwei-led budget carrier…

High oil prices boost BIR take

The Bureau of Internal Revenue (BIR) generated more than P198 billion in gross revenues in…

Japan to provide $10-B fuel support to SE Asia

Japan has decided to provide a total of $10 billion in financial support to Southeast…

Leaders flock to China over Mideast conflict

China’s President Xi Jinping met with Russian Foreign Minister Sergei Lavrov on Wednesday, Chinese state…

Ships exit Gulf from Iran despite US blockade

London—At least two ships sailing from Iranian ports crossed the Hormuz Strait on Monday despite…

DOF defends Marcos decision to limit suspension of fuel taxes

The Department of Finance (DOF) on Tuesday defended President Marcos’ limited suspension of fuel taxes…

Trump, the Pope, Iran—and McDonald’s

If the McDonald’s delivery to the Oval Office on Monday wasn’t extraordinary enough, President Donald…

Baguio asks wage board to adjust salaries amid energy crisis

BAGUIO CITY—The Cordillera wage board should consider adjusting salaries in response to the energy crisis…