The Bangko Sentral ng Pilipinas is considering two more cuts to key borrowing costs, driven by easing inflation and an economic slowdown attributed to consumer and business uncertainty. Two cuts are “possible,” BSP Governor Eli M. Remolona Jr. told reporters on the sidelines of the 32nd BSP...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
The multi-role fighters (MRFs) that would be procured by the Department of National Defense (DND) for the Philippine Air Force (PAF) should be equipped with the Airborne Warning and Control System (AWACS) capability, Defense Secretary Gilberto Teodoro Jr. said. The PAF, which celebrated its 78th...
The Philippines is now operationalizing Japan’s proposed “one-theater” concept which envisions the South China Sea, East China Sea, and the Korean Peninsula as a single and integrated theater of operations in wartime. Department of National Defense (DND) Secretary Gilberto Teodoro Jr. said...
The Philippines found an ally from the other side of the globe after Lithuanian Defense Minister Dovilė Šakalienė criticized China’s aggressive actions against Filipino fishermen in the West Philippine Sea (WPS), saying that small countries should work together to stand up against aggressors,...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. is open to the United States’ proposal to establish an ammunition production and storage facility in Subic Bay, a former American naval base. Teodoro, however, clarified that he has yet to receive the formal proposal from...
The Philippines forged a stronger partnership with Lithuania to counter “common threats”, particularly in the West Philippine Sea and Baltic Sea. Department of National Defense Secretary Gilberto Teodoro Jr. held a bilateral meeting with Lithuanian Minister for National Defense Dovilė...
To kickstart their transition, 650 members of the Moro National Liberation Front (MNLF) have undergone profiling to become eligible for socio-economic support through the Transformation Program jointly implemented by the national government and the MNLF. The first batch, composed of 480 MNLF...
BACOLOD CITY – A P12-billion tunnel connecting Himamaylan City in Negros Occidental to Tayasan town in Negros Oriental has been proposed to create a shorter route between the two provinces. Himamaylan City Mayor Raymund Tongson Jr. announced the plan after taking his oath for his third and final...
The Armed Forces of the Philippines (AFP) expressed gratitude to President Marcos Jr. for leading the inauguration of the Veterans Memorial Medical Center (VMMC) “Valor Clinic” at Fernando Air Base in Lipa City, Batangas on Friday, June 27. Marcos was accompanied by Department of National...
CAMP OLIVAS, Pampanga – Police Brig. Gen. Ponce Rogelio Peñones Jr. assumed the top post of Police Regional Office-Central Luzon (PRO-3) in a ceremonial turnover of command here Monday, replacing Police Brig. Gen. Jean Fajardo. In his inaugural address, Peñones laid down his leadership thrust,...
A dovish Bangko Sentral ng Pilipinas (BSP) may be constrained by skyrocketing global oil prices, which would further weaken the peso and could force a pause from further interest rate cuts, foreign banks said. In a June 23 report, MUFG Global Markets Research said that if world oil prices rise...
