It is an effect of the ongoing energy crisis brought by the Developments in the Middle East.
Category: Economy
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It is also higher than the forecast range set by the country’s monetary board.
As the government looks for ways to ease the effects of the surge in oil prices.
The local currency has been affected by a number factors, especially the ongoing conflict in the Middle East.
The local currency has taken another hit.
As surging global oil prices driven by ongoing crisis in the Middle East that drive costs in the Philippines.
A reaction of the local economy to the internal effects of the ongoing conflict in the Middle East.
The fund aims to keep infrastructure projects running, protect jobs, and cushion Filipinos from the impact of global shocks.
Hitting its second all-time low just this week.
The measure has been approved by the Lower House on second reading.