On the fourth week of the conflagration in the Middle East, there seems to be a distinct lack of urgency towards the economic tsunami about to hit our shores. On the third week of the war, President Bongbong Marcos has broached the idea of some sort of “crisis committee” to be formed. No details about this has been disclosed and many fear it could be another version of the utterly useless ICI. Meanwhile, several senators have suggested declaring a state of emergency – although principally to address the frightening fuel supply situation. Vibal Group president Gaspar Vibal filed a sworn statement alleging that the policemen’s return to the company premises the night of March 9 was not spontaneous.

Source: Philippine Star March 26, 2026 04:43 UTC