Philippine Firms Brace for Rising Costs as Oil Surge Drags Peso
Philippine companies are bracing for higher costs as oil’s spike above $100 a barrel drags the peso to a record low, heightening the risks for an economy heavily reliant on...
By Neil Jerome Morales · Bloomberg Markets
Philippine companies are bracing for higher costs as oil’s spike above $100 a barrel drags the peso to a record low, heightening the risks for an economy heavily reliant on fuel imports from the Middle East.