The Philippines asserted that its provisional understanding with China is neither an instrument to approve nor restrict the country 's activities at Ayungin Shoal, rejecting Chinese Ambassador Jing Quan 's "misrepresentation" of the understanding. In a statement, the National Maritime...
The Philippines is set to position itself as a regional manufacturing hub for electric mobility following the establishment of a program incentivizing domestic electric vehicle (EV) production, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque said Executive...
The Philippines must step up law enforcement and gather independent data to combat persistent illicit trade if it wants future tax hikes on nicotine and tobacco to succeed, according to a global tax expert. While the nation has made significant progress in curbing smoking rates over the past...
Prominent business group Management Association of the Philippines (MAP) is pushing for the creation of an independent public-private body to monitor the proposed Pax Silica artificial intelligence (AI) industrial hub in New Clark City, as it expressed support for its development only if strong...
Former LandBank branch manager Violeta Constantino testified before the Senate impeachment court on Wednesday, July 29, that the Office of the Vice President 's (OVP) large cash withdrawals were "unusual" compared with transactions of other government agencies. During questioning by Sen....
There have recently been a lot of discussions on social media about whether pursuing a career in medicine is still worthwhile. It started with a TikTok post where an undergrad shared his dream of going to medical school. A commenter who said he/she was a doctor discouraged the student from pursuing...
The influential Makati Business Club (MBC) has questioned the lack of concrete plans presented for the proposed Pax Silica artificial intelligence (AI) industrial hub in New Clark City during President Ferdinand Marcos Jr.’s recent State of the Nation Address (SONA). The MBC, which represents the...
The Philippines is rightly trying to attract data centers, cloud platforms, and artificial intelligence investments. These projects can create jobs, deepen the country’s digital capabilities, and position us more strongly in the regional technology economy. But a data center cannot be built...
Geography may place the European Union thousands of kilometers from the West Philippine Sea, but its strategic interests are increasingly anchored in the Indo-Pacific. That reality was evident this past week as European Union High Representative for Foreign Affairs and Security Policy and...
Aboitiz-led Union Bank of the Philippines (UnionBank) reported a 113-percent surge in net income to ₱6.9 billion in the first half of 2026 from ₱3.3 billion in the same period last year, sustaining its strong performance, particularly in the credit card business, which took off in the second...
The peso sank to a fresh record low against the United States (US) dollar on Friday, weighed down by escalating import burdens, global energy cost pressures, and persistent demand for foreign currency. The local currency closed at ₱61.847 per US dollar on July 24, according to official data from...
Award-winning filmmaker Erik Matti has publicly responded after cinematographer Neil Daza shared a cryptic Facebook post that many in the local film industry interpreted as directed at the director, bringing an apparent behind-the-scenes dispute into the public eye. The controversy began when Daza...
