Details about the Expected Oil Price Rollback Next Week OIL PRICE ROLLBACK – Oil industry sources claimed that there might be a decrease in the prices of gasoline and diesel next week. The prices of fuel in the Philippines change almost every week. Usually, the changes are confirmed by the different fuel stations on a … Read more
President-Elect Bongbong Marcos Speaks on PH Oil Problem BONGBONG MARCOS – The President-Elect expressed his side in addressing the struggles of Filipinos amid high oil prices. A lot of Filipinos currently have no choice but to deal with the high oil costs in the Philippines. For several months now since January 2022, the prices of … Read more
BSP hikes its policy rates by 25 basis points amidst quickening inflation. BSP — The Bangko Sentral ng Pilipinas raised its key policy rates by 25 basis points to 2.25% amidst quickening inflation. The Bangko Sentral ng Pilipinas followed other central banks around the world which have also raised interest rates in an attempt to … Read more
Asia-Pacific markets reportedly slipped as oil prices continued to increase from Wednesday jump. OIL PRICES — Asia-Pacific markets reportedly slipped on Thursday, as oil prices jumped around 5 percent on Wednesday. Shares of Tencent dropped 3.7 percent in Hong Kong after the company on Wednesday posted its slowest revenue growth on record. According to Tencent, … Read more
Grab Philippines said that it will extend its conditional assistance to its drivers amidst rising oil prices. GRAB PHILIPPINES — The ride-hailing giant announced that it would be handing out a performance-based assistance fund worth PHP 25 million designed to support its fleet of drivers and couriers. As it is, local pump prices increased to … Read more
The Philippines is in a “better position” to weather the impact of geopolitical crises, according to BSP. BSP — The Bangko Sentral ng Pilipinas said that the Philippines is in a “better position” to weather the impact of geopolitical crises. BSP Governor Benjamin Diokno said that the country is in a “better position” to weather … Read more