Manila’s slow response to oil price spike exposes economy to energy shock - BusinessWorld Online

Manila’s slow response to oil price spike exposes economy to energy shock - BusinessWorld Online

By Chloe Mari A. Hufana, Reporter  THE PHILIPPINE government’s slow response to surging oil prices risks worsening the economic impact of the latest energy shock, analysts said, as elevated global crude costs begin to filter through to transport fares and supply chains. This as President Ferdinand R. Marcos, Jr. on Sunday said discussions regarding oil supply with China, South Korea, India, Thailand, Brunei and Japan are “going well.” “It’s a go…