Middle East Updates

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

PSEi climbs back to 6,000 on MidEast hopes

Local stocks bounced back on Wednesday, with the main index retesting the 6,000 mark as…

11 nations urge ‘coordinated’ economic support amid Mideast war

London—The finance ministers of 11 countries, including Britain and Japan, called Wednesday for “coordinated emergency…

BSP offers loan relief amid energy crisis

Borrowers and banks strained by the economic fallout from the Middle East crisis may access…

Gov’t welcomes 321 Pinoys repatriated from Kuwait

A total of 321 Filipinos from Kuwait arrived at the Ninoy Aquino International Airport (Naia)…

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…