Philippines

NEWS ANALYSIS

Middle East crisis deals fresh blow to Philippine growth outlook

Decades of reliance on oil imports has left the country’s economy vulnerable to global market shock

The emergency declaration, which will be in effect for one year, authorised the government to purchase fuel and petroleum products to ensure a timely and sufficient supply.

Philippines says working with Washington to obtain oil from US-sanctioned countries

Manila has temporarily increased coal-fired generation due to the energy supply pressures

Airlines in Asia are mapping out contingency plans as the escalating Middle East conflict threatens to trigger the worst oil shock since the 1970s.

Philippines says grounding planes a ‘distinct possibility’

The country relies heavily on imported crude, much of it sourced from the Middle East

Philippine President Ferdinand Marcos Jr said a committee has been formed to ensure the orderly movement, supply, distribution and availability of fuel, food, medicines, agricultural products and essential goods.

Philippine President Marcos declares energy emergency over Middle East conflict risk

The one-year emergency declaration enables the government to secure essential fuel and petroleum stocks

Philippine President Ferdinand Marcos Jr says: “Our foreign policy is very simple: it’s peace and national interest.”

Marcos says war may spur energy talks with China in disputed sea

The remarks signal a possible further easing of tensions between the Philippines and China

The country is set to import Russian oil this month for the first time in five years.

Philippines allows temporary use of dirtier fuel amid Middle East crisis

The country relies heavily on Middle Eastern oil for its fuel needs

AC Health's CEO Paolo Borromeo says the company is working on integrating all its healthcare assets.
THE LEADERSHIP PLAYBOOK

Big believer in ‘profit and purpose’: CEO of Ayala’s healthcare arm builds ‘ecosystem’ in Philippines

Ayala Corporation’s healthcare business unit is back in the black again and looking to expand

The Philippines has sought to cut fuel consumption by shifting government employees to a four-day work week as of Mar 9.

Iran energy crisis spurs work from home calls half a world away

Rising crude prices quickly ripple through transport, electricity and food costs across South-east Asia

Philippines’ consumption-driven economy is particularly vulnerable given a heavy reliance on imports, quicker transmission of fuel costs into transport and food prices.

Oil risk highest for Philippine bonds in Asia, China insulated

Peso-denominated debt has shown the highest sensitivity and the most consistent reaction to crude spikes in recent years