As the Russia-Ukraine war rages on, the country is starting to reel from its effects, beginning with the dizzying fuel price hikes, and the stock market taking quite a hit.
But the Bangko Sentral ng Pilipinas (BSP) believes that the Philippine economy, particularly with its solid macroeconomic fundamentals, could insulate it from the long-term effects of the conflict.
The Department of Finance (DOF) intends to create a P20.3-billion “war chest” in the form of fuel subsidy that could cushion any further adverse effects of the war.
The Metropolitan Manila Development Authority (MMDA) is preparing for another off-shoot of that war as a national group of public utility drivers and operators are set to stage a transport strike.
These are among the major stories this Tuesday morning, March 15, 2022.
SKILLS DRILL – Members of the Bureau of Fire Protection (BFP)-National Capital Region (NCR) participate in one of the challenges during the BFP-NCC Skills Olympics 2022 held at the NFP-NCR Headquarters in Quezon City on Monday, March 14, 2022. (Mark Balmores)
- Russia invades Ukraine
PH reports
- Fuel crisis
- #MatalinongBoto
Presidential bets
Lacson
Marcos
Pacquiao
Robredo
Senatorial bets
Other election-related reports
- Covid-19 Update
International reports
- Anti-drug war
- Alleged Sulu Sea intrusion
- Cash aid released
- Manila Bay rehab
- ‘It’s more fun in PH’
- Insurance for roadside workers
- Illegal imports
- Earthquake Alert
- Business Corner
- Education Corner
- Judicial Corner
- Legislative Corner
- Metro Roundup
- Provincial Roundup
Luzon
Visayas
Source: Manila Bulletin (https://mb.com.ph/2022/03/15/mb-daily-news-update-dof-eyes-p20-b-fuel-subsidy/?utm_source=rss&utm_medium=rss&utm_campaign=mb-daily-news-update-dof-eyes-p20-b-fuel-subsidy)
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