The Philippines saw a significant 29.6 percent drop in foreign direct investment (FDI) with net inflows of $655 million in October 2023 from the $930 million net inflows registered in the same month in 2022. The October figure has brought cumulative net FDI inflows for the period...
The Philippines and Indonesia concluded their dialogue to review accomplishments on mutual collaboration and interest, with both sides anticipating even more auspicious future outcomes. Department of Foreign Affairs Secretary Enrique Manalo and Indonesia Foreign Affairs Minister Retno L.P. Marsudi...
Foreign Affairs Secretary Enrique Manalo will be having a busy schedule in the first month of the year as he is set to meet two foreign top diplomats in Manila and fly to at least three countries to raise the Philippines' position on various global issues. Manalo will sit down with Indonesian...
Advocates for the Philippine economy on Thursday, Jan. 4, called on the government to remove restrictive economic provisions on full foreign ownership in the Constitution. Foundation for Economic Freedom Inc., a group composed of former finance secretaries and businessmen, said in a statement that...
The Philippines has condemned North Korea's recent launching of ballistic missiles as it said it has threatened stability in the Indo-Pacific. In a short statement, the Department of Foreign Affairs (DFA) said North Korea's move on Dec. 18 "provokes tension and undermines economic progress, peace...
Senator Sherwin Gatchalian on Friday, December 29 defended the Marcos administration’s spending for foreign and local trips next year and urged government agencies to follow through on investment pledges that would be made during these official visits. “The President is the most potent...
The Marcos administration should devote more public resources to addressing the country’s domestic problems next year. Senate Minority Leader Aquilino “Koko” Pimentel III made the suggestion saying that while the increase for his local and foreign trips has increased for 2024,...
President Marcos' foreign trips have elicited a whopping P4.019 trillion or $72.178 billion in investment pledges for the country, Malacañang said Tuesday, Dec. 26. Citing data consolidated by the Department of Trade and Industry (DTI), the Presidential Communications Office (PCO) said the...
The Philippine Embassy in Beirut sent home 12 Filipinos amid continued tensions there between Hezbollah, a known ally of Palestinian militant group Hamas, and the Israeli Defense Forces (IDF), the Department of Foreign Affairs (DFA) said. Philippine Ambassador Raymond R. Balatbat (sixth from...
President Marcos will leave for Japan on Friday, Dec. 15, to participate in the 50th anniversary of the Association of Southeast Asian Nations (ASEAN)-Japan Relations in Tokyo. He will depart in the afternoon and will stay in Japan until Dec. 18. It is the President's second trip to Japan this...
The ratification of two resolutions that seek to uphold and protect the rights and welfare of Filipino migrant workers in Brunei Darussalam and the Republic of Korea received Senate concurrence on Wednesday, Dec. 13. Committee on Foreign Relations chairperson Sen. Imee Marcos lauds the passage of...
FUJIAN, China—The Philippines demanded that Beijing halt its operations within the West Philippine Sea and comply with international law and agreements when diplomats from both sides met Monday over a back-to-back water cannon attack on Philippine vessels. In a statement, the Department of...
