Middle East Updates

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

War relief may dent PH bank profits–S&P

Regulatory relief announced by the Bangko Sentral ng Pilipinas (BSP) to help banks and borrowers…

IMF: High debt limits PH response to energy crisis

The International Monetary Fund (IMF) urged the Philippine government to deploy a targeted fiscal response…

G20 to help poorer nations hard hit my Mideast turmoil

Finance chiefs of the Group of 20 major economies agreed Thursday on the need to…

Trump calls Iran war a ‘little diversion’

President Donald Trump said Thursday the US war with Iran was a “little diversion” during…

10-day ceasefire in Lebanon begins

A 10-day truce appeared to be holding in Lebanon early Friday, promising a pause in…

PSEi ends flat as Mideast risks persist

Philippine stocks ended nearly unchanged on Thursday as investors stayed cautious, weighing geopolitical risks and…

Lawmakers, biz groups: Cut VAT, excise on gas, diesel, too

Business groups are pressing the administration to cut excise and value-added tax (VAT) on petroleum…

Cordillera braces for worst as fuel shocks hike inflation

BAGUIO CITY—The huge spike in diesel prices triggered by the war launched by the United…

PIDS: Energy crisis may push up to 3.1M Pinoys into poverty

Millions of Filipinos could be pushed into poverty as rising fuel costs, triggered by the…

Mindanao’s biggest beach party won’t rock due to energy crisis

GENERAL SANTOS CITY—Mindanao’s biggest annual beach party, the Sarangani Bay Festival, popularly called SarBay Fest,…