BusinessWorld E-paper
June 12, 2026
THE PHILIPPINES risks losing part of its recent human development gains as the Middle East conflict weighs on the economy, with the impact expected to be more significant as the crisis continues, according to the United Nations Development Programme (UNDP).
In a policy brief, the UNDP said the country is among the hardest hit in the region, as it depends on the Middle East for most of its crude oil supply and is a net importer of food and fertilizer.
