President Ferdinand Marcos Jr. announces the removal of excise tax on LPG and kerosene to reduce household costs, alongside price controls on staples and port fee waivers to stabilize the economy.
The Philippines may need a P429 billion crisis fund if Middle East tensions last until the end of 2026, doubling earlier estimates to address economic impacts from the Iran war, according to DepDev.
The Philippine government is transitioning from crisis response to a recovery strategy as global oil shocks keep fuel prices high. The UPLIFT plan aims to protect vulnerable sectors and ensure economic stability.
The Marcos administration claims the Gulf of Hormuz situation is 'under control' with oil shipments continuing, but Cebuanos face rising fuel and food costs as tax relief measures remain unimplemented.
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Foreign direct investments into the Philippines declined to net inflows of $443 million in January 2026, down from $729 million a year earlier, as geopolitical uncertainties dampened investor confidence, according to Bangko Sentral ng Pilipinas data.
Economists advocate for a temporary suspension of fuel taxes to ease the burden of rising oil prices on consumers and transport groups, while warning of risks to government revenue and fiscal stability.
The Philippine economy is projected to experience restrained growth over the next two years due to global uncertainties, particularly the Middle East conflict, impacting investment and inflation, according to the Asian Development Bank's latest outlook.
Financial markets surge as a two-week US-Iran ceasefire eases tensions in the Strait of Hormuz, driving down oil and gas prices. Analysts highlight China's rising influence in energy and currency markets amid the geopolitical shift.
President Marcos announces a three-month fuel subsidy program providing PHP10 per liter for public utility vehicles, starting in Metro Manila, to mitigate rising transport and food costs amid global oil supply disruptions.
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The Davao Region maintained stable economic performance in 2025, with inflation dropping to 0.7%, strong employment at 96.7%, and gains in agriculture, industry, and services, according to the DEPDev-Davao Region's annual report.
Economist Ronilo Balbieran highlights the Philippines' gross international reserves of $100-$110 billion, equivalent to 7-10 months of import cover, as a critical indicator of economic stability beyond volatile oil prices.
PPP Party-list Rep. Harold Duterte urges government to create oil price stabilization fund as diesel prices surge from ₱50 to ₱170 per liter, hitting transport workers and farmers hardest.
As the US dollar strengthens against the Philippine peso, it creates opportunities for OFW families while increasing costs for consumers and businesses, revealing deep economic vulnerabilities.
The Philippine inflation rate rose to 4.1% in March 2026, driven by soaring fuel and transport prices, exceeding government targets and marking the fastest pace in nearly two years.
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Senator Bong Go demands a detailed government plan to address the severe oil crisis, including fuel subsidies, sectoral aid, and tax relief, as millions of Filipinos struggle with soaring costs and transport shortages post-Holy Week.
Palace officials met with business leaders and petroleum executives to address fuel price spikes, focusing on supply chain efficiency and energy-saving measures to protect consumers and productivity.
The Philippine government has implemented strategic interventions to address a surge in inflation to 4.1% in March 2026, driven by food and non-food price hikes, amid Middle East tensions affecting fuel and transport costs.
The Philippine peso's purchasing power has declined to P0.75 as of March 2026, down from P1 in 2018, due to persistent inflation driven by Middle East oil price hikes, according to National Statistician Dennis Mapa.
The Philippine peso's purchasing power has weakened to just P0.75 as of March 2026 compared to P1 in 2018, driven by cumulative inflation, with March 2026 inflation at 4.1% due to oil price hikes.
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Central Visayas leads Philippine inflation at 7.4% in March 2026, driven by sharp rises in food and transport. National inflation accelerates to 4.1%, with business leaders warning of fuel and logistics pressures.
The Philippine peso's purchasing power has weakened significantly, with P1 in 2018 now equivalent to just P0.75 as of March 2026, according to National Statistician Dennis Mapa, reflecting cumulative inflation effects.
The Philippines' inflation rate accelerated sharply to 4.1 percent in March 2026, driven by surging transport and food costs linked to Middle East conflict impacts. Government outlines emergency measures to stabilize fuel supply and support vulnerable sec
The Philippines' inflation rate surged to 4.1% in March 2026, up from 2.4% in February, driven by sharp increases in transport and food prices, with Central Visayas recording the highest regional rate at 7.4%.
The Philippine Board of Investments approved 35 projects worth ₱47 billion in early 2026, a 338% increase from 2025. Foreign investments surged 943%, led by Singapore, with renewable energy dominating the approvals.
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As oil prices surge past $109 per barrel following Middle East conflict, Philippine businesses face rising costs. An entrepreneur shares hard-earned lessons on why hope isn't a strategy and scenario planning is essential for survival in turbulent times.
Asian Development Bank economists highlight that rising oil price volatility, driven by geopolitical tensions, is disrupting economic planning and slowing global growth more than high prices alone.
Rising global oil prices are impacting Cebu City's economy, leading to warnings from officials about construction project halts, slowed tourism, increased food costs, and job pressures.
The Philippine peso closed at a historic low of P60.69 per US dollar, driven by Middle East tensions and rising oil prices. Analysts warn of higher inflation and potential investor confidence decline, while OFW families may benefit from stronger remittanc
The Bangko Sentral ng Pilipinas projects inflation could increase to 3.1–3.9% in March, driven by higher oil, rice, and electricity prices, along with a weaker peso, while lower costs for vegetables, fish, and meat provide some relief.
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The Alliance of Transport Operators and Drivers Association of the Philippines warns that merely suspending the oil excise tax won't alleviate the burden of record-high fuel prices, which have surpassed P100 per liter in Metro Manila.
