Philippines dollar reserves fall to 7-month low in March
The Philippines’ dollar reserves fell to a seven-month low at end-March as its gold holdings and foreign investments declined, preliminary Bangko Sentral ng Pilipinas data showed.
The Philippines’ dollar reserves fell to a seven-month low at end-March as its gold holdings and foreign investments declined, preliminary Bangko Sentral ng Pilipinas data showed.
Gold surged above $4,800 an ounce after the U.S. and Iran agreed to a two-week ceasefire, with oil falling below $100 and stocks climbing.
The $50 million project is headed for mediation after the Department of Conservation and the mine operator appealed the conditions of its new consents.

Bringing Taiwan to the World and the World to Taiwan
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The country’s unemployment rate declined in February from the previous month as new jobs opened, but the Middle East conflict is seen to pose risks to the labor market, according to the Philippine Statistics Authority.

The World Bank trimmed its growth forecast for the Philippines for this year with the Middle East conflict seen to affect economic activity.

The latest escalation of tensions in the Middle East has once again exposed an uncomfortable reality for the Philippines: as a country that imports the vast majority of its oil, we remain highly vulnerable to global shocks beyond our control.

Six East Asian countries have reported their March inflation so far, and the initial impact of the Iran war has been embedded. I compare their inflation from March 2025 to March 2026 in percent: Laos 11.2 to 9.7; Vietnam 3.1 to 4.6; Philippines 1.8 to 4.1; Indonesia 1.0 to 3.5; South Korea 2.1 to 2.2 and Thailand 0.8 to -0.1.
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