CEBU CITY, Philippines — Local businesses here are urged to take proactive and precautionary measures against potential economic disruptions brought by escalating tensions in the Middle East.  The Cebu Chamber of Commerce and Industry (CCCI) made this call on Wednesday, March 4, as oil prices climbed even higher on worries about the widening war in the region.  The group, in a statement, pointed out that the Philippines, which is heavily dependent on imported fuel, is expected to feel the strain. READ: Business as usual: Cebuanos in Middle East cope with tensions The country may face higher transportation costs, increased electricity rates, and […]... Keep on reading: Cebu businesses urged to prepare amid Middle East tensions