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Middle East Conflict Economic Fallout

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Tax cuts to affect economy – Lacson
Businessinquirerjust now

Tax cuts to affect economy – Lacson

MANILA, Philippines — The government stands to lose around P200 billion in revenues with the suspension of the excise on value-added taxes (VAT) because of the war in the Middle East, Sen.

Global Oil Prices Rise Amid US-Israeli War and Supply Disruptions
BusinessTimes of Indiachannel-news-asiavanguard-ng19h ago3 sources

Global Oil Prices Rise Amid US-Israeli War and Supply Disruptions

Global oil prices have opened higher and are projected to significantly increase, driving up fuel costs worldwide. The surge is partly fueled by the ongoing US-Israeli war with Iran, which continues to disrupt supply and has prompted governments like Seoul to offer public transit refunds.