Middle East Updates

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

Trump threatens to destroy Iran’s largest gas field

US President Donald Trump threatened to “massively blow up” a vast Iranian gas field unless…

LGUs face subsidy demands as fuel prices soar in provinces

Local government units (LGUs) in different parts of the country are faced with rising demands…

PSE keeps P170-B capital-raise target despite Mideast war

The Philippine Stock Exchange (PSE) is holding firm on its P170-billion capital-raising target this year,…

Oil firms rush to build bigger fuel buffer 

The Philippines has begun securing May fuel stocks as the ongoing war in the Middle…

BSP seen to turn hawkish amid Middle East crisis

The Bangko Sentral ng Pilipinas (BSP) may be forced into a defensive interest rate hike…

UN maritime body meet on Mideast shipping

The International Maritime Organization (IMO) will begin an “extraordinary session” on Wednesday to discuss shipping…

Trump faces impasse over Iran war

Having failed to clearly define an objective or exit strategy—and sell the American public on…

PH in process of acquiring 2M barrels of fuel–DOF chief

The government is now in the process of acquiring two million barrels of oil from…

Airfares to rise sharply in April as CAB hikes fuel surcharge

Travelers booking local or international flights in April will face sharply higher airfares after the…

Banks brace for Mideast war fallout–Moody’s

Philippine banks could face pressure from the ongoing war in the Middle East, which could…