Latest news and articles about الاقتصاد الفلبيني from NEX English
S&P Global Ratings has downgraded its outlook for the Philippines from positive to stable, citing increased risks to the country's financial situation and balance of payments due to the ongoing war in the Middle East.
The Philippine peso has significantly declined to 61 against the US dollar due to the deterioration of Asian currencies amid ongoing crises in the Middle East. This drop comes at a sensitive time when global markets are experiencing substantial volatility.
The regulatory body for the energy market in the Philippines announced the suspension of the wholesale electricity market across all three networks until further notice. This decision comes amid risks related to fuel supplies and price volatility stemming from the ongoing war in Iran.
Philippine President Ferdinand Marcos Jr. announced that his government will endure the peso's depreciation, indicating there are limits to their defense of the currency amid rising U.S. dollar pressures. This statement was made during an interview with Bloomberg in Manila.
Jeepney drivers in Manila are struggling due to rising diesel prices, a consequence of ongoing conflicts in the Middle East. These drivers face significant challenges in securing their daily needs amid tough economic conditions.