The national government reaffirmed its commitment to uphold the 2016 Permanent Court of Arbitration (PCA) ruling in the face of continued aggression in the West Philippine Sea (WPS), nine years since the country secured the historic victory against China. The Department of National Defense (DND)...
BAGUIO CITY – Mountain Province Gov. Bonifacio Lacwasan Jr. has ordered the immediate enforcement of a new ordinance banning the manufacture, sale, and distribution of machine-made replicas of indigenous woven fabrics and garments within the province. “We have to protect our woven fabric, which...
The Philippines and New Zealand are seeking to establish joint military training under the framework of their defense cooperation agreement which could ultimately lead to the expansion of the “Squad”. The Department of National Defense (DND) revealed that Defense Secretary Gilberto Teodoro Jr....
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
ILOILO CITY – The British government, through the Foreign Commonwealth and Development Office of the British Embassy in Manila, has partnered with the Iloilo provincial government to boost the resiliency of the rice industry and ease the negative impact of climate change. Lloyd Cameron, economic...
The Bureau of Internal Revenue (BIR) has elevated two tax evasion cases, totaling ₱796.95 million, to the Court of Tax Appeals (CTA) after the Department of Justice (DOJ) ruled in government’s favor. In a statement on Monday, July 7, BIR Commissioner Romeo D. Lumagui, Jr. noted that criminal...
Germany-based Deutsche Bank stated that the Bangko Sentral ng Pilipinas’ (BSP) cumulative 1.25-percent interest rate reductions have been unable to lift lending growth, as lower borrowing costs were not enough to outweigh persistent economic uncertainty. This follows BSP Governor Eli M. Remolona...
The Securities and Exchange Commission (SEC) vows to comply with President Ferdinand Marcos Jr. 's directive to streamline its processes, aligning with the Marcos administration’s vision of an inclusive and efficient capital market that can help pave the way for a financially secure future...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. said he remains undaunted by China’s sanctions targeting former senator Francis Tolentino due to his firm stance in the West Philippine Sea (WPS). Teodoro, another vocal critic of China, said Beijing’s decision to bar...
The Armed Forces of the Philippines (AFP) showcased a historical marker for the “Bongbong Rocket”, a decommissioned rocket launcher named after President Marcos Jr., which was developed in the 1970s but eventually abandoned after the fall of Marcos Sr. AFP Chief, General Romeo Brawner Jr. led...
LOS ANGELES (AP) — Famed Mexican boxer Julio César Chávez Jr. has been arrested for overstaying his visa and lying on a green card application and will be deported to Mexico, where he faces organized crime charges, U.S. federal officials said Thursday, July 3. The arrest came only days after...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. expressed doubts on China’s intent to lead the signing of a treaty that establishes a nuclear weapon-free Southeast Asia. Teodoro said that China should show its sincerity first by denuclearizing its country and be subjected to...
