Latest in iran warPhilippine inflation surged to 7.2% year-on-year in April 2026, the fastest pace in more than three years. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort on Tuesday, May 5, attributed the acceleration largely to the ongoing war in the Middle East, which has sent fuel…
The war in Iran is sending shockwaves through global oil markets, pushing petrol prices to record highs and driving a surge in secondhand electric vehicle sales. The average cost of petrol in the European Union rose 12% to 1.84 euros per litre from late February to mid-March, according to European…
As oil prices rise and the peso weakens, the Philippine government is being urged to reassess its spending priorities, with the ₱17.6-billion ASEAN Summit emerging as one option for review. Former Finance Secretary Gary Teves says the question is not about diplomacy, but priorities. In times of…
A war thousands of kilometers away is beginning to ripple through something as basic as the Filipino dining table. The conflict involving Iran has pushed oil prices higher, disrupted key shipping routes, and strained global supply chains—especially for fertilizer, a critical input for food…
The Philippine Peso has slipped to ₱60.1 against the US dollar, its weakest level on record, raising a question many Filipinos are now asking: is this good or bad for the economy? The short answer, according to former Finance Secretary Gary Teves, is that it depends—but for most Filipinos, the…
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