Peso slumps down to new low at P60.55; bourse finishes week under 6,000
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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Daily TribuneTopic
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…
· 3 min read
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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Oil refineries are still running on the inventories before Iran was attacked — inventories normally lasting 40-60 days — but these refineries are now running…
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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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The Philippines may face a debt crisis worse than the ongoing oil shock if the government fails to cut wasteful spending and rein in its fiscal position,…
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‘But what we are focusing on now is immediate, you know, we will have to amend the Oil Deregulation Law.’
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Filipino households should brace for worsening economic and climate-related conditions throughout 2026, Vice President Sara Duterte warned on Friday, saying…
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The big three domestic oil firms warned that their fuel inventories may run out next month if the problem in the Strait of Hormuz is not resolved, but…
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As the call for the government to temporarily take over the operations of oil companies due to the leap-frogging fuel prices — which is far higher than the…
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“Tax the rich,” progressive groups challenged President Ferdinand Marcos Jr., criticizing what they described as the government’s ineffective response to the…
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The Bureau of Customs has strengthened monitoring and processing of petroleum imports across all ports to ensure steady fuel supply amid global oil disruptions.
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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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President Ferdinand R. Marcos Jr. said the Philippines will proceed with hosting the ASEAN Summit and related meetings this year despite rising costs and the…
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President Ferdinand R. Marcos Jr. said repealing the Oil Deregulation Law is not off the table but stressed that the government is prioritizing immediate…
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San Miguel Corp. chairman and chief executive officer Ramon Ang said he is willing to sell Petron Corp. to the government if it believes it can better manage…
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Batangas 1st District Rep. Leandro Legarda Leviste warned that the Philippines may face a debt crisis worse than the ongoing oil shock if the government fails…
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ILOILO CITY — Iloilo Gov. Arthur Defensor Jr. led a Provincial Community Defense Cluster meeting on 27 March 2026 to assess fuel supply conditions and address…
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