
What to expect from the recent geopolitical ructions in the Middle East
US-Iran tensions may likely hit inflation targets, economic growth, policy rates



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The International Monetary Fund (IMF) now expects Philippine economic growth this year to fall far below the government’s target as the oil shock from the Middle East war adds to the impact of a graft scandal that stalled public spending.
THE COUNTRY’S liquefied petroleum gas (LPG) supply increased to the equivalent of 50 days of inventory, driven by a seasonal decline in consumption that was further exacerbated by soaring prices, according to the LPG Marketers Association, Inc. (LPGMA). LPGMA Founder Arnel U. Ty said the nationwide demand plunged by 30% month on month in April, […]
SUSPENDING EXCISE TAXES on diesel and gasoline would only provide limited relief compared to lifting levies on liquefied petroleum gas (LPG) and kerosene as the resulting decline in pump prices would be small, the Department of Finance said.