United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
South Korean Ambassador to Manila Lee Sang-hwa said that there was a 4,000 percent increase in South Korea’s investment in the Philippines during the first quarter of this year because of the free trade agreement (FTA) that entered into force on Dec. 31, 2024. In a media luncheon on Tuesday,...
The Philippines and the European Union (EU) are seeking to expedite the conclusion of negotiations for a free trade agreement (FTA) amid uncertainties in global trade, with the next round of talks scheduled for October in Manila. Department of Trade and Industry (DTI) Undersecretary Allan Gepty,...
The meeting between President Marcos and United States President Donald Trump will reaffirm the long-standing allies’ defense ties, building on the decades-old Mutual Defense Treaty (MDT), Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez said. During a press conference on...
Former Makati City Mayor Abby Binay-Campos asserted on Thursday, July 10, that the city has more than enough funds to pay for the settlement agreement regarding the ownership and development of the Makati subway project. Her statement contradicted claims from the current administration, led by her...
The Lithuanian government is open to a possibility of a defense pact with the Philippines that will allow the presence of their troops in each other’s soil and enter into joint military exercise. “We are not going to compete with our colleagues in Europe, but yes, we talked about possibility...
The negotiations and discussions involving the Reciprocal Access Agreement (RAA), the Acquisition and Cross-Servicing Agreement (ACSA), and the Agreement on the Security of Information will take the partnership of the Philippines and Japan to a “higher level” as both countries aim to ensure the...
After the ratification of the Reciprocal Access Agreement (RAA) by both the Philippines and Japan, the Armed Forces of the Philippines (AFP) said the next phase would involve the crafting of its implementing rules and regulations (IRR). “We welcome the signing of the RAA by the Japan Diet at...
The National Security Council (NSC) added to the growing list of government agencies that voiced support for the ratification of the Reciprocal Access Agreement (RAA) between the Philippines and Japan, saying it was “timely and strategic” amid the volatile situation in the Indo-Pacific region....
The Department of National Defense (DND) welcomed the approval of the Philippines-Japan Reciprocal Access Agreement (RAA) by Tokyo’s national legislature, the National Diet, on Friday, June 6. The pact allows both countries to send military forces and equipment to each other’s territory for...
Lopez-led First Gen Corporation, via its subsidiary First Gas Power Corporation, is seeking approval from the Energy Regulatory Commission (ERC) for the extension of its power purchase agreement (PPA) with the Manila Electric Company (Meralco) covering its 1,000-megawatt Santa Rita gas-fired plant,...
The Philippines will continue to lead in climate change mitigation efforts as the world continues to struggle with the realities of ocean governance. Senator Loren Legarda made this promise when she led the reaffirmation of the 2021 Manila Call to Action, Charting Philippine Ocean-Climate Policy...
