Ekonomi
Fuel crisis closes 425 gas stations nationwide
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A total of 425 out of 14,485 gas stations nationwide were temporarily closed as of March 27 due to the fuel crisis triggered by the Iran war, according to the Philippine National Police. The Cordillera Administrative Region recorded the highest number at 79, while President Ferdinand Marcos Jr. declared a national energy emergency.
A Malmö-based restaurateur has criticized the upcoming food VAT cut from 12% to 6%, effective April 1. The change applies to groceries and takeout, but not restaurant meals. Hannes Kongstad of Kiosko import views it as benefiting large chains.
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At a viewing on Kungsholmen in Stockholm, prospective buyers express doubts about the new mortgage rules taking effect on April 1. Many believe the relaxations will benefit banks more than buyers and push up prices. It is the last viewing Sunday before the changes.
African National Congress President Cyril Ramaphosa has called for an immediate ceasefire in the war between Israel, the United States and Iran. Speaking at the 14th Mpumalanga ANC Provincial Conference in Mbombela, he warned of lasting economic impacts on South Africa and other developing economies.
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Deputy Foreign Minister for International Cooperation Somaya El-Ahdal met with MSMEDA CEO Bassel Rahmy to discuss expanding support for small businesses and entrepreneurship, aligning efforts on a unified work plan for the coming phase.
Federal Economics Minister Katherina Reiche (CDU) has rejected demands for an excess profits tax to address high fuel prices. She called measures like fuel vouchers misleading and proposed raising the commuter allowance instead. The price surges stem from the Iran war.
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President Ferdinand Marcos Jr. said on Friday that the Philippines has sufficient crude oil supply until the end of June, thanks to shipments by Petron Corporation. The assurance comes amid concerns over global supply disruptions from the Middle East conflict. He outlined government measures to mitigate the impact.
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