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.
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.
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The Philippines' net external liability fell to US$50.8 billion by end-December 2025, a 2.5% decrease from the previous quarter, as foreign assets grew faster than external debts.
The Bangko Sentral ng Pilipinas forecasts March 2026 inflation between 3.1% and 3.9%, driven by rising oil prices, higher rice costs, Meralco electricity rates, and peso weakness, while monitoring Middle East impacts.
The Bangko Sentral ng Pilipinas projects March 2026 inflation between 3.1% and 3.9%, driven by higher fuel, rice, and electricity prices, despite some food cost easing. Risks from Middle East tensions and peso depreciation could push inflation above targe
Joel Dela Cruz, a 55-year-old jeepney driver from Lapu-Lapu City, faces severe financial strain as his fuel expenses have more than doubled, rising from P1,500 to over P3,000 per full tank. His daily earnings have dropped dramatically, forcing him to mana
The Bangko Sentral ng Pilipinas reports a significant rise in business confidence for 2026, driven by steady demand and public spending, with inflation expectations remaining stable.
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Philippine exports surged 8.3% to $14.47 billion in January-February 2026, the highest level since 1991, led by electronics and supported by free trade agreements under President Marcos Jr.
Rising fuel prices are driving up logistics costs and threatening price hikes for goods, with manufacturers warning of increases up to 5% starting April 1. Retailers are absorbing costs to delay adjustments, but staples like rice and vegetables are alread
The Philippine Palace encourages private companies to adopt work-from-home arrangements to reduce energy consumption amid rising oil prices, emphasizing voluntary participation.
The Bangko Sentral ng Pilipinas says the peso's drop to around P60 per dollar is not alarming, but business groups in Cebu warn it is already driving up prices for imports like fuel and goods, urging early action to prevent economic slowdown.
Malacañang welcomes private companies' voluntary work-from-home arrangements to conserve energy amid Middle East tensions driving fuel costs, but emphasizes these won't be mandated.
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The ongoing conflict in the Middle East is driving unstable fuel prices in the Philippines, disproportionately affecting jeepney drivers, farmers, and small business owners who struggle with daily survival amid rising costs.
Senator Risa Hontiveros calls for immediate government intervention as rising oil prices cripple public transport, with drivers losing ₱1,000 daily and commuters facing reduced services.
President Marcos Jr. personally oversaw the distribution of fuel subsidies to public utility drivers and operators to mitigate rising oil prices due to Middle East tensions. The DOTr allocated P2.5 billion to benefit over 1.4 million individuals.
Economist Ronilo Balbieran highlights that while global oil price spikes pose a temporary challenge, weak infrastructure spending is the real threat to the Philippines' economic growth, which remains resilient but below potential.
The Philippine peso's stability near P60 to the US dollar masks deeper structural vulnerabilities. While not a crisis, the currency's weakness stems from import dependency, narrow exports, and limited policy space, highlighting the need for economic refor
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Rising fuel costs driven by global tensions and inflation are pushing street food vendors to the brink, forcing tough choices between raising prices or accepting lower earnings in a daily battle for survival.
Senators Loren Legarda, Bam Aquino, and JV Ejercito call for government to declare a national crisis as Middle East tensions drive fuel prices to record highs, with diesel potentially exceeding P130 per liter.
The Philippine government will implement a nationwide fuel subsidy program for the transport sector starting April 6, as part of efforts to mitigate rising oil prices due to Middle East tensions.
Economist Ronilo Balbieran says rising oil prices from Middle East tensions are accelerating Philippine adoption of electric vehicles and energy efficiency, creating opportunities amid short-term challenges.
While free fuel donations provide immediate relief to drivers and riders, they risk diverting attention from systemic issues like fuel pricing, wages, and transport policy that require government action.
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As diesel surpasses P100 per liter and gasoline follows, Filipinos face mounting daily costs with limited relief. Experts warn of systemic weaknesses in oil dependency and policy responses.
Anakbayan-SMR demands comprehensive measures, including VAT repeal and wage hikes, to shield ordinary Filipinos from rising fuel costs, as President Marcos suspends fare increases.
Inflation for the bottom 30% income households in Davao Region fell to -1.1% in 2025, driven by declining food prices, though health and communication costs rose, according to PSA data.
The Philippine peso plunged to an all-time low of P59.87 per US dollar on Monday, driven by a strong dollar and Federal Reserve policies. This marks the fourth consecutive day of decline, sparking market anxiety and economic implications.
Rising fuel prices disproportionately affect provincial Filipinos who rely on limited transportation options and travel long distances daily, forcing fare increases and budget cuts.
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Rising fuel costs in Cordova, Cebu, are devastating local fishermen like Jamlo Villaber, who now spends more on diesel than he earns from sea urchin sales. Island-hopping boat operators also face squeezed profits, with diesel expenses up by 33%, forcing p
