Marcos Says Philippines May Need Extra Budget Amid Oil Shock

President Ferdinand Marcos Jr. hinted at the possibility of a supplemental budget to address the financial strain caused by the oil crisis in the Philippines. He emphasized the need for the Senate to resume its duties to facilitate this measure. This move is crucial as rising oil prices could exacerbate inflation and economic instability, highlighting the government's efforts to cushion the public from these adverse effects. For more details, check out the full article on Bloomberg.