Middle East Updates

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

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…

Why the Philippine economy may be slowing down

In an economy that is driven largely by consumption, understanding how households spend their income…

Grab PH launches EV loan program for drivers

Grab Philippines is rolling out a financing platform to accelerate the shift of its ride-hailing…

Vance: Ball now in Iran’s court  

Washington—The United States said “the ball is in the Iranian court” on ending the Mideast…

Marcos suspends tax only on LPG, kerosene

President Marcos announced the suspension of the excise on liquefied petroleum gas (LPG) and kerosene…

Oil prices surge as US set to block Hormuz

Oil prices surged and stocks sank on Monday after US-Iran peace talks fell apart and…

Fuel price rolled back by as much as P23/L

Fuel price rollbacks by as much as P23 per liter take effect on Tuesday—a rare…