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Philippines
Two PHL ships damaged, four crew hurt in latest RORE mission in Ayungin Shoal
At least two Filipino vessels were damaged in Tuesday’s latest rotation and reprovisioning (RORE) mission to the contingent manning the BRP Sierra Madre (LS-57) in Ayungin Shoal, West Philippine Sea, due to harassment by China Coast Guard (CCG) and Chinese Maritime Militia (CMM) ships.
Philippines to receive ₱4.8-B loan for telecom tower development from ADB and Security Bank
THE Manila-based multilateral development bank, the Asian Development Bank (ADB), is keen to extend more support to the country’s telecom tower sector to address the infrastructure gap.
Budget gap in ’23 narrows 6.3% to ₱1.5T; 6.2% of GDP
THE Philippines’s budget deficit last year fell by 6.32 percent to P1.512 trillion, lower than the P1.614 trillion recorded in 2022.
DBM allots ₱106 billion for conditional cash transfer tack
The Department of Budget and Management (DBM) has allocated a P106.335-billion budget to the Pantawid Pamilyang Pilipino Program (4Ps), expected to benefit more than four million households.
FATF notes PHL’s ‘progress’ but keeps it on its gray list
The Philippines has remained on the gray list of the Paris-based Financial Action Task Force’s (FATF), according to the Anti-Money Laundering Council (AMLC).
More Swiss firms eye PHL for investment–Cassis
MORE Swiss businesses are interested to invest in the Philippines, visiting Swiss Foreign Minister Ignazio Cassis said.
Ex-president Duterte’s former military chief calls on Pinoys to junk destabilization, divisive calls
For the peace and further development of the country, Filipinos should strongly reject calls that could destabilize and prove to be divisive to the nation, Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) Secretary Carlito Galvez Jr. said Friday.
Think, drive, stay alive. Safety on the road: More work needs to be done
THE World Health Organization (WHO) Global Status Report on Road Safety 2023 estimated that there were at least 1.19 million road traffic deaths back in 2021, which is a 5-percent drop from the 1.25 million fatalities in 2010.
PHL eyes new trade tack with US, aims to focus on tech innovation and R&D
The Philippines underscored the need to focus on technological innovation and research and development (R&D) areas, as it bared a new trade strategy with Washington, noting that trade between the two nations should go beyond the “traditional focuses” on tariffs and market access.
Has PHL lost 6-yr run as 2nd top banana exporter?
THE Philippines may have ended its six-year reign as the world’s second largest banana exporter last year as preliminary estimates by the United Nations indicated that the country has been outrivaled by Guatemala amid faltering production.
Philippines advocates for UN Security Council seat at Non-Aligned Movement summit
FOREIGN Affairs Secretary Enrique Manalo arrived in Kampala, Uganda, Friday to represent President Ferdinand “Bongbong” Marcos Jr. at the 29th Summit of the Non-Aligned Movement (NAM).
DA aims to build ‘network’ of cold storage facilities across Philippines
The Department of Agriculture (DA) bared plans to build a P500-million cold storage facility at the Food Terminal Inc. (FTI) as part of its goal of buffer-stocking key commodities through improved food logistics in the country.
Wowed by Japan, Marcos eyes new 10-year economic blueprint
RECOGNIZING Japan as a technological leader and one of Association of Southeast Asian Nations’ (Asean) important strategic partners, President Ferdinand R. Marcos Jr. is now pushing for the creation of a new 10-year economic road map, which allows both parties greater cooperation on climate resilience and food security.
China accuses PHL of ‘deliberate’ collision near Ayungin Shoal
CHINESE Coast Guard (CCG) accused the Philippines of “deliberately” colliding with one of their vessels during their latest maritime altercation near the Ayungin Shoal in the West Philippine Sea (WPS).
Lawmakers hit water cannon attacks in Bajo de Masinloc and Ayungin Shoal
LAWMAKERS at the weekend slammed the latest water cannon attacks on Philippine vessels in separate incidents at the Bajo de Masinloc and Ayungin Shoal.
US, 10 embassies assail China over 2 water cannon incidents in West Philippine Sea
THE United States ambassador to the Philippines and at least 10 of her counterparts in Manila quickly called out China at the weekend for engaging Philippine vessels in “dangerous” sea maneuvers in the West Philippine Sea.
PPA fee hike will hurt consumers—Experts
FILIPINO consumers already reeling from higher inflation could again be at the receiving end of the proposed increase in port storage fees, according to local economists.
PHL fourth-most attractive location for renewable energy investment
THE PHILIPPINES landed in the fourth spot as among the most attractive developing economy for renewable energy (RE) investment.
The Philippines: Born amid empire wars
2 think tanks: Growth to be off-target in Q4
THE country’s economic growth will fall short of expectations in the last quarter of the year as Filipinos continue to struggle with high inflation.
PHL launches maiden offer of Sukuk bonds, eyes $500M
THE Philippines has formally launched its maiden offering of benchmark-sized Islamic bonds or Sukuk bonds with a minimum target of raising $500 million.
Bill proposes to cap casket prices, funeral expenses
As the cost of dying has become a burden akin to the challenges of living, the House Committee on Trade and Industry approved a measure aimed at ensuring access to affordable caskets and funeral services for grieving families.
Houthi-Yemeni Navy chief visits 17 Pinoys held in Yemen
THE head of the Houthi-Yemeni naval forces has inspected the 25 crew, including 17 Filipinos, of seized Japanese car carrier Galaxy Leader who were held while passing through the Red Sea last Monday.
US, PHL conduct joint air, sea patrols in South China Sea not far from Taiwan
BANGKOK—The United States and the Philippines are conducting joint air and maritime patrols in the South China Sea, which come as the two countries step up cooperation in the face of growingly aggressive Chinese activity in the area.
Gibo, Austin affirm PHL-US defense ties in Jakarta meet
The Philippines and US reiterated their commitment to strengthen their alliance, which helped keep the peace in the region for the past seven decades.
East Timor’s Ramos-Horta due in PHL, palace confirms
MALACAÑANG on Sunday confirmed the upcoming state visit of Timor-Leste President Jose Ramos-Horta to the Philippines this week.
PHL, Japan start military access pact
THE Philippines and Japan are on the verge of negotiating for a military access agreement at the height of their common security threat from Chinese aggression in the Indo-Pacific.