The price of crude oil has been one of the biggest risk factors to the Philippine economy that the government has no control of. But while it cannot do anything to influence its price, it can take measures to at least mitigate the adverse effects of rising prices of imported oil, especially on consumers. This risk was highlighted again when refining facilities in Saudi Arabia were recently hit by a drone-and-missile attack — labeled by the
In April 1952, I joined a group of 80 young men aged 17-21 who were reporting to the Philippine Military Academy in Baguio City. On the way up along Kennon Road, we were all full of fun and laughter but as soon as our bus approached the gates of the
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