The offshore gaming hubs banned by President Marcos were found to be harboring foreign fugitives, the Presidential Anti-Organized Crime Commission (PAOCC) said. PAOCC Executive Director Undersecretary Gilbert Cruz (Photo from PAOCC Facebook page) The fugitives, mostly Chinese...
Investments for projects approved by the country’s leading investment promotion agencies (IPAs) reached a record-high of ₱1.9 trillion in 2024, reflecting the Philippines’ status as a rising investment destination. The total registered investments last year exceeded 2023 figures by over 29...
The United States has exempted a portion of its foreign military financing for the Philippines from its global foreign aid freeze, the Department of Foreign Affairs (DFA) said. Foreign Affairs spokesperson Ma. Teresita Daza confirmed on Monday, Feb. 24, that Manila has been informed of the waiver...
The Bureau of Immigration (BI) barred 124 foreigners from entering different ports of the country in 2024 due to their rude and disrespectful behaviors to immigration officers. Immigration Commissioner Joel Anthony Viado shared that the number of rude foreigners in 2024 was almost 50...
Global investors appeared to have lost their appetite for the Philippines, as total foreign investments significantly declined by 38.87 percent last year, sharply contrasting with the substantial investments in 2023. Data from the Philippine Statistics Authority (PSA) revealed that foreign...
Following the central bank’s decision to keep key interest rates on hold, the peso strengthened further on Friday, Feb. 14, breaking into the 57 level against the US dollar. According to data from the Bankers Association of the Philippines, the peso appreciated by 0.23 centavos from...
With funding for the United States Agency of International Development (USAID) frozen by US President Donald J. Trump for three months, China and Japan are expected to step up as development partners for Asia-Pacific countries' development partners and expand their influence in the region,...
The Philippines and Japan have formalized the latter's grant to provide Open Radio Access Network (RAN)-related equipment to the University of the Philippines. Japanese Ambassador Endo Kazuya signed and exchanged notes with Department of Foreign Affairs (DFA) Secretary Enrique Manalo on Wednesday,...
If you dismiss the impeachment saga of Vice President Sara Duterte as just another rerun in the Philippine political circus, think again - because while we may be desensitized to that kind of drama, foreign investors are watching with sharp eyes, questioning the country’s political stability and...
The powerful Commission on Appointments (CA) on Tuesday, February 4, confirmed the ad interim appointments of 19 foreign service officials of the Department of Foreign Affairs (DFA). Senate President Pro Tempore Jinggoy Ejercito Estrada, chairperson of the CA Committee on Foreign Affairs,...
While there have been potential foreign institutions interested to invest in the country's first sovereign wealth fund, it has yet to secure any investment from President Marcos' foreign trips. MIC President Rafael Consing Jr. (RTVM) "Wala pa (Nothing so far)," Maharlika Investment Corporation...
Senate Majority Leader Francis Tolentino has filed a bill penalizing foreign interference in the Philippines amid recent incidents indicating possible espionage in the country. Senate Majority Leader Francis Tolentino has filed a bill setting penalties for foreign interference in the Philippines....
