Latest news and articles about Philippine economy from NEX English
Analysts warn that the ongoing rise in fuel prices, partly due to conflicts in the Middle East, could push more Filipinos deeper into debt. A regional study describes the burden of credit card debt in the Philippines as reaching a 'critical' level.
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.
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.