Rising prices, impeachment politics risk fueling PH unrest

MANILA, Philippines — Cost-of-living pressures, political divisions linked to the impeachment of Vice President Sara Duterte, and concerns over a flood-control corruption scandal risk intensifying social unrest in the Philippines, according to BMI, a unit of Fitch Solutions. In a report, BMI said the cost-of-living crisis triggered by the conflict in the Middle East has emerged as the “primary driver of rising social and political risk in the Philippines.” “As a net importer of energy, the Philippines is especially vulnerable to higher global energy prices,” it said, pointing to the conflict’s economic impact, with inflation spiking to 7.2% last month. […]... Keep on reading: Rising prices, impeachment politics risk fueling PH unrest

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