Philippine Firms Brace for Rising Costs as Oil Surge Drags Peso


“I can’t imagine anyone not being afraid of what we’ve been reading,” Sergio Ortiz-Luis Jr., head of the Philippine Exporters Confederation Inc., said on Monday. The group, comprised of about 4,000 exporters and service providers, was already dealing with the uncertainty on US tariffs before fuel costs climbed, though members have not indicated plans to reduce output, he added.



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