State-run think tank Philippine Institute for Development Studies (PIDS) believes that skepticism surrounding the feasibility of the Association of Southeast Asian Nations (ASEAN) Power Grid is likely to diminish over time, citing investments that could help address this years-long concern. In an...
As the world grapples with the continued rise of plastic pollution across marine and freshwater ecosystems, developing economies such as the Philippines are ramping up the production of non-plastic alternatives, with seaweed as a major source. In its latest global trade update, the United Nations...
In the quest to materialize the great regional grid interlink across the Association of Southeast Asian Nations (ASEAN), the Manila-based Asian Development Bank (ADB) is projecting around $16 billion (approximately ₱890 billion) worth of investments to pursue the development of key...
UNITED NATIONS (AP) — The U.N. General Assembly overwhelmingly elected Germany 's former foreign minister Annalena Baerbock to be the next head of the 193-member world body in a secret-ballot vote demanded by Russia. Baerbock got 167 votes, almost double the 88 votes needed to win, while...
The Philippines will be pushing for a stronger regional collaboration in food security and development of micro, small, and medium enterprises (MSMEs) when it assumes the chairmanship of the Association of Southeast Asian Nations (ASEAN) next year. ASEAN Business Advisory Council (BAC) Philippines...
The Philippines will receive a $400-million, or about ₱23.4-billion, loan from the Asian Development Bank (ADB) to restore marine ecosystems and strengthen its blue economy, as part of the lender’s $24-billion support package for Southeast Asia through 2028. ADB President Masato Kanda announced...
Many developing economies, including the Philippines, are expected to lose their competitiveness in the United States (US) market once the currently suspended tariffs imposed by the Trump administration are reinstated, according to the United Nations Conference on Trade and Development (UNCTAD)....
The Philippines remains firm in promoting a rules-based multilateral trading system amid recent upheavals in global trade, such as the United States’ (US) new tariff policy, according to Department of Trade and Industry (DTI) Secretary Cristina Roque. Roque served as the country’s delegate at...
The Department of Trade and Industry (DTI) is looking to partner with American technology giant Google to pursue investments aimed at enhancing the country’s digital infrastructure and capabilities. Trade Secretary Cristina Roque met with top officials of Google last week on the sidelines of the...
After years of delays and half-powered commitments, the Philippine energy service company (ESCO) market is finally into high gear—helping energy-intensive businesses cut waste, boost efficiency, and usher them into the fast lane of green tech. And while at it, these energy efficiency frontrunners...
While the transmission of key interest rate cuts to lending rates remains uneven in the Association of Southeast Asian Nations (ASEAN), Japanese investment bank Nomura noted that this connection has massively improved in the Philippines. “Relative to the previous cutting cycle, the pass-through...
The United Nations (UN) on Thursday, May 15, forecast slower global economic growth this year and next, pointing to the impact of the surge in United States (US) tariffs and increasing trade tensions. UN economists also cited the volatile geopolitical landscape and threats of rising production...
