The Philippines’ relatively low level of trade openness could constrain its ability to build greater economic influence, as a study by state-run think tank Philippine Institute for Development Studies (PIDS) found that deeper integration into global trade is among the factors that could...
The Philippines recorded the second-largest increase in 10-year government bond yields among selected Asia-Pacific economies since the war in the Middle East began, raising the government’s borrowing costs at a time when the Marcos Jr. administration is relying heavily on domestic debt to finance...
The Department of National Defense (DND) on Saturday, Aug. 8, rejected China’s demand for the Philippines to abandon its position on Bajo de Masinloc (Scarborough or Panatag Shoal), saying it would continue to exercise its sovereignty over the disputed maritime feature. DND spokesperson Asst....
A new United Nations (UN) report has warned that illicit tobacco trade is helping finance non-state armed groups and criminal organizations operating in Mindanao, turning cigarette smuggling from a revenue-loss issue into a broader peace, order, and national security concern. According to the UN...
“Wetlands are weird,” said Dr. Jerome L. Montemayor, executive director of the Laguna-based ASEAN Centre for Biodiversity. “To those who are unfamiliar, it either looks like a muddy lake or a waterlogged forest. But after years in this field, you will definitely learn to appreciate these...
The Philippines has formally deposited with the United Nations its official nautical chart of Bajo de Masinloc and its surrounding maritime zones, placing the country 's baselines and the geographic extent of its claimed authority and jurisdiction around the shoal on the public international...
The Philippines has formally presented before the United Nations (UN) Commission on the Limits of the Continental Shelf (CLCS) its partial submission seeking recognition of the country 's entitlement to an extended continental shelf (ECS) in the West Philippine Sea, covering the West Palawan...
The war in the Middle East could push as many as 86,000 more people living in Philippine urban areas into poverty as higher fuel, food, as well as transport costs strain household budgets, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). In its...
GENEVA (AP) — The U.N. 's migration agency is warning that criminal networks have been trafficking hundreds of thousands of people — many of them educated English speakers — to work in online scam centers, and the caseload is growing. The International Organization for Migration says...
UNITED NATIONS (AP) — U.S. diplomats walked out as their French counterparts were speaking at the United Nations on Monday after America’s close European ally criticized the Trump administration 's human rights record. The surprise move during a U.N. Security Council meeting on Ukraine...
Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) retained its 4.1-percent economic growth forecast for the Philippines this year while trimming its inflation projection, saying the economy continues to benefit from the artificial intelligence (AI) boom despite subdued private investment...
The ongoing war in the Middle East continues to “ substantially ” weigh on the Philippine tourism industry, although strong domestic tourism has helped cushion the impact, according to the Department of Tourism (DOT). Speaking during the 117th Asian Impact Webinar organized by the...
