12 hours ago
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MANILA, Philippines -- President Ferdinand Marcos Jr. on Wednesday said the impact of the ongoing tensions in the Middle East on the Philippine economy remained "manageable."
The President issued the statement a day after his meeting with his economic team to assess the effects of the ongoing conflict between Iran and Israel.
"We looked at it and analyzed what would happen and we saw that the effect on the economy should be manageable," Marcos said after he led the destruction of P9.48 billion worth of seized illegal drugs at the Clean Leaf International Corporation in Capas, Tarlac.
"So, so far, there is no effect. So, there is no significant effect on the economy. That's all we're watching now is price gouging," he added.
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