Cost of Living

Stock market resilience amid global oil price volatility and inflation concerns

The Philippine Stock Exchange Index rose 0.18 percent to 6,415.72 on July 20, with gains in heavyweights like ICTSI offsetting concerns over rising global oil prices from US-Iran tensions. Rising crude prices and energy costs present direct challenges for the import-reliant Philippine economy, renewing concerns over persistent domestic inflation and elevated corporate operational expenses.