​A Department of Foreign Affairs (DFA) official said Wednesday, Dec. 4, there is no reason to cancel flights bound for South Korea amid the unexpected yet very quick implementation of martial law in the country. DFA Undersecretary Eduardo Jose de Vega said there is also no reason to cancel...
Foreign portfolio investments registered with the Bangko Sentral ng Pilipinas (BSP) reversed to a net outflow of $529.68 million in October, compared to September's net inflow of $1.025 billion as investors sold securities to lock in gains. The October net outflow is the largest this year,...
The peso fell again to the P59 mark against the dollar on Tuesday, Nov. 26, primarily due to US President-elect Donald Trump’s intention to impose additional tariffs on products from several countries. Data from the Bankers Association of the Philippines showed that the local currency fell by...
Once the Reciprocal Access Agreement (RAA) between Japan and the Philippine government gets the concurrence of the Senate, it would then pave the way for joint military exercises. Sec. Gilbert Teodoro of the Department of National Defense deems it necessary to enter into an agreement with...
Like in his previous foreign trip, President Marcos has once again designated three Cabinet officials as the government's caretaker while he is in the United Arab Emirates (UAE). President Ferdinand R. Marcos Jr. and First Lady LIza Araneta-Marcos (File Photo) Marcos has assigned anew an executive...
The peso recovered on Friday, Nov. 21, strengthening to P58.87 against the US dollar, following its recent dip to a two-year low of P59. Data from the Bankers Association of the Philippines showed that the local currency appreciated by 13 centavos from Thursday’s closing rate of P59 against the...
The peso has weakened against the US dollar for the third consecutive trading day, closing at P59 on Thursday, Nov. 21, marking its lowest value in two years. According to data from the Bankers Association of the Philippines, the peso depreciated by 0.09 centavos from Wednesday's closing rate of...
Mary Jane Veloso, a Filipino domestic worker who is facing drug charges in Indonesia, was set to be executed in April 2015. But the last-minute reprieve granted to her by former Indonesian president Joko Widodo saved her life. And now, 14 years after her arrest in the Indonesian city of Yogyakarta,...
The Philippine and Indonesian government are now in talks regarding Mary Jane Veloso, an overseas Filipino worker (OFW) facing death row in Indonesia. Department of Foreign Affairs (DFA) Undersecretary Eduardo Jose de Vega said the Philippine government is doing all it can for Veloso as her case...
The Philippines posted a surge in foreign investment in the third quarter of 2024, reflecting growing confidence in the country's manufacturing sector and overall economic prospects. The Philippine Statistics Authority (PSA) reported that the total approved foreign investments (FI) reached P146.75...
The Philippines has protested China’s move to declare its own baseline on the territorial sea on the waters adjacent to Panatag Shoal (Scarborough Shoal). The Department of Foreign Affairs (DFA) said Manila sent its protest to Beijing on Tuesday, Nov. 12, after it declared its illegal...
Senator Imee Marcos laid out three areas to focus on with the imminent return of President-elect Donald Trump, considering the substantial shifts in U.S. policies, particularly those that could impact immigration, defense, and geopolitical interests. “Let’s not wait for the hammer to...
