Peso slumps to 60.69 with surge in oil imports
The peso has slumped to a new record low on Monday, closing at 60.69 against the US dollar, as rising oil imports and escalating geopolitical tensions…
· 2 MIN READ
Daily TribuneTopic
The peso has slumped to a new record low on Monday, closing at 60.69 against the US dollar, as rising oil imports and escalating geopolitical tensions…
· 2 MIN READ
At a time of hardship, such controversies deepen public distrust and sharpen the sense that the sacrifice is not equally shared.
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The private sector has stepped in, but it cannot substitute for coherent policy from the government.
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At any rate, it now seems the emergency declaration somewhat preempted or blunted criticisms of this administration’s credibility and competence.
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The global oil crisis is no longer a distant economic forecast; it is now at the doorstep of every Filipino athlete.
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For some families, however, traditions remain unchanged despite the financial strain. One parent said their family will continue their annual ‘Visita Iglesia,’…
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Global mobility platform inDrive reported nearly 200 percent growth in Filipina drivers from 2024 to 2025, as more women enter ride-hailing and motorcycle…
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The Department of Trade and Industry (DTI) reported that the country’s exports reached a record level in the first two months of 2026, the highest since 1991.
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The Philippine peso sank to a new record low of P60.55 per US dollar on Friday afternoon as the crisis in the Middle East continued to weigh on the currency…
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The World Bank Group announced on Thursday (Friday, 27 March, Philippine time) that it will provide financial assistance to member countries — including the…
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This action follows nationwide protests since mid-March, as drivers face diesel prices nearing P120/liter and gasoline over P100, eroding profits despite…
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The strongest measure taken by the government thus far — the suspension of the excise tax on fuel — will have little effect in easing Filipinos’ suffering,…
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Sara Duterte warned that Filipino households should brace for worsening economic and climate-related conditions throughout 2026, saying the country is entering…
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Ferry operators have committed not to increase fares this Holy Week amid the huge spikes in fuel price caused by the war in the Middle East, President…
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Philippine-headquartered Asian Development Bank (ADB) is extending financial support to assist developing member countries as the Middle East conflict…
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CAGAYAN DE ORO CITY — Transport cooperatives and corporations are formally requesting a temporary suspension of monthly payments for modernized vehicles,…
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The mining industry’s low contribution to the Philippines’ GDP highlights a sharp irony, given the country’s high ranking in global nickel, gold and copper…
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Even if the Persian Gulf fighting stopped today, it would take four to six weeks to restore oil production, four to eight weeks to settle the oil markets, and…
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