Following the Middle East crisis, international agencies are assessing country ratings, introducing economic uncertainties for the Philippines.
1 report, 1 independent
Updated Aug 1
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What happened
Following the Middle East crisis, international agencies are assessing country ratings, introducing economic uncertainties for the Philippines.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- JCR retained the Philippines' A- credit rating following economic pressures from the Middle East.Sub-event
Economic uncertainties introduced due to Middle East crisis impacting global assessments of the Philippines.1 source
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Part of
Tensions in the region are affecting market sentiment, with activity being reported from the capital city of the Philippines.Also in this story
- Geopolitical instability affects oil prices and remittance flows, leading to discussions on free trade agreements and infrastructure spending.
- Re-escalation reported in the Middle East conflict.
- The Armed Forces of the Philippines is monitoring US naval asset transfers and supporting international law regarding US operations against Iran in the region.
- The Middle East conflict is driving up oil prices, which is impacting financial institutions in Manila, the capital of the Philippines.
The entities involved
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Philippines
archipelagic country in Southeast Asia
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Malaysia and the Philippines are urging an urgent response to global ratings and benchmarking against Southeast Asian peers.
- Global inflation concerns are rising due to Middle East instability, prompting the Federal Reserve to consider rate increases while Japan monitors the impact on its economy.
- Regional instability in the Middle East is complicating the outlook for the Bank of Japan amidst concerns over Japan's economic recovery.
- Amid Middle East tensions, the Bank of Japan is facing pressure to strengthen the yen, leading to record intervention spending disclosed by the finance ministry during the G20.
- The Philippines is involved in a regional push regarding investment needs for a regional grid, alongside Southeast Asia and the World Bank Group.