INQToday: Peso sinks to record low 60.55:$1 as war fears linger
Here’s a quick roundup of today’s top stories:
Peso sinks to record low 60.55:$1 as war fears linger
The Philippine peso slides to a fresh record low at the end of a volatile week as fading hopes for de-escalation if the Iran war drove investors toward the US dollar.
Marcos: Repeal of oil deregulation law not off table
President Bongbong Marcos says “nothing is being discounted” in relation to proposals to repeal the oil deregulation law and remove value-added tax on fuel imports, but the government’s focus right now are immediate solutions to the impacts of rising fuel prices caused by the Middle East conflict.
Transport, sectoral groups stage Day 2 of strike
Several transport and sectoral groups stage the second day of their transport strike on Friday, March 27, to register their calls for the government to abolish the Oil Deregulation Law and remove the excise tax and value added tax on fuel products.
Lawyers to SC: Restrain House ‘fishing expedition’ vs Sara Duterte
A petition is filed before the Supreme Court questioning the alleged unconstitutional acts by the House Committee on Justice and restraining it from proceeding with the impeachment case against Vice President Sara Duterte.
PH Navy ship avoids collision after ‘unsafe’ move by Chinese warship
A Philippine Navy vessel avoids a potential collision with a Chinese warship near Pag-asa Island in the West Philippine Sea, after what military officials describe as a “dangerous” maneuver by the foreign ship.
Driver flees after getting full tank of gas worth P5,000 in Quezon City
Police say the driver of a Toyota Innova got a full tank of fuel worth around P5,000 at a gas station in Quezon City but drove off to evade payment.
