The Philippines expressed concern over the “developments” in the Middle East as the United States blasted three Iranian nuclear sites, urging the concerned parties to avoid further escalation of the conflict. “The Philippines is greatly concerned over the developments in the Middle East in...
For the first time, Vice President Sara Duterte gave her insight on the ongoing territorial conflict between the Philippines and China over the resource-rich West Philippine Sea, warning the Philippines against taking sides in the United States-China conflict and advising it instead to “force the...
There are no reports yet of Filipinos injured in the Iranian nuclear sites earlier bombed by the United States, Department of Foreign Affairs (DFA) Assistant Secretary Robert Ferrer of the Office of Migrant Affairs said on Sunday, June 22. “Wala po akong information kung may Filipinos doon (I...
The Philippines is expected to import less wheat in the upcoming market year as demand for animal feed weakens, reversing an initial forecast of increased uptake, according to the United States Department of Agriculture (USDA). In its “Grain: World Markets and Trade report, the USDA’s Foreign...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
Amid growing concerns over China’s “destabilizing actions” in the South China Sea, the Philippines and the United States committed to deepening their defense relations and exploring new partnerships with allies in the region. (From left) DFA Secretary Enrique Manalo and US Secretary of...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo and United States Secretary of State Marco Rubio will meet on Monday, June 9, “to discuss matters of mutual interest.” (From left) US Secretary of State Marco Rubio and DFA Secretary Enrique Manalo (AP, DFA) In his pre-departure...
The United States (US) Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology Inc., a Philippines-based firm, and its Chinese administrator Liu Lizhi, for facilitating massive virtual currency investment scams known as “pig butchering.” These...
Logistics solutions provider Airspeed is projecting a 10 percent decline in its export service this year, as prospective buyers of Philippine products are holding off their orders ahead of the reimplementation of the United States’ (US) tariff policy. Airspeed Group President Rosemarie Rafael...
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)....
Money sent home by Filipinos working and living in the United States (US) is seen at risk from the remittance tax proposal pending in the US Congress, according to the think tank Capital Economics. "The proposed five-percent US tax on remittance outflows would have a particularly large negative...
The Philippines, the world ’s top rice importer, is expected to purchase a record-high volume of rice in the upcoming marketing year (MY), as the country sees continued growth in consumption, according to the United States Department of Agriculture (USDA). In its latest “Grain: World Markets...
