Economy
Brace yourselves, motorists — another painful week at the pump. Caltex, Petron, Seaoil, Shell, Cleanfuel, Petro Gazz, PTT Philippines, and Unioil all announced price hikes effective 6 AM Tuesday, March 3: gasoline goes up ₱1.90 per liter, diesel by ₱1.20, and kerosene by ₱1.50. This marks the 8th
Economy
Amid all the doom and gloom from the Middle East, here's some genuinely good economic news: Philippine manufacturing activity surged to its strongest level in over 8 years in February 2026. The S&P Global Philippines Manufacturing PMI jumped to 54.6 from 52.9 in January
Economy
The Bangko Sentral ng Pilipinas projects February 2026 inflation to settle between 2.3% and 3.1%, comfortably within its 2-4% annual target range. While prices are inching up from January's 2.0%, the central bank says the situation remains manageable — for now. Upward pressure is coming from
Economy
Monday was brutal for Philippine markets. The PSEi closed down 184.91 points or 2.79% at 6,426.83, while the broader All Shares index dropped 73.38 points or 2.02% to 3,567.86. It was the sharpest single-day decline in 2026, driven by panic selling across
Economy
The Iran crisis isn't just about bombs and missiles — it's a stark reminder that the Philippines is dangerously dependent on Middle Eastern oil and trade routes that can be choked off overnight. Analysts are now calling for urgent diversification of energy sources and trading partners. Philippine
Economy
The Department of Energy convened an emergency meeting with independent oil companies on Monday to assess fuel supply and get their commitment to soften the blow of expected sharp price increases. With the Middle East conflict rattling global markets, pump prices are set to jump by as much as ₱1.
Economy
The Philippines' biggest business groups are raising the red flag: the escalating Middle East conflict isn't just a faraway war — it's a direct threat to Filipino wallets. The Federation of Philippine Industries (FPI), the Philippine Chamber of Commerce and Industry (PCCI), and the Philippine Exporters
Economy
The Philippine peso traded at ₱57.71 per US dollar on Monday, March 2, reflecting continued weakness as the Middle East conflict drives investors toward safe-haven currencies like the US dollar. The peso has been under pressure for several weeks now, and the Iran crisis has only intensified the trend.
Economy
The Philippine Stock Exchange index tumbled more than 2.4% in early Monday trading, with the PSEi dropping 159.78 points to 6,451.46 as of 9:32 AM — well below the 6,500-6,600 range that analysts had been expecting. Heavy selling swept across the broader market as
Economy
Global oil markets reacted exactly as feared when trading opened Sunday evening: US crude surged more than 8% to $72.57 per barrel, while the international benchmark Brent jumped about 9% — or $6.54 — to $79.41. It's the sharpest single-session gain in years, driven by fears that
Economy
The Philippine Chamber of Commerce and Industry is urging the government to activate all available economic defenses as the Middle East war threatens to unleash a devastating oil shock on the Philippine economy. PCCI warned that financial markets present a major vulnerability, with investors gravitating toward safe-haven assets. The country&
Economy
It's official and it's painful: Caltex, Shell, Seaoil, Cleanfuel, and Petro Gazz have announced they will hike gasoline prices by ₱1.90 per liter, diesel by ₱1.20, and kerosene by ₱1.50 starting 6 AM on Tuesday, March 3. This marks the eighth consecutive week