TAIPEI, Taiwan (AP) — Japan “crossed a red line” with comments by its new leader suggesting a potential military intervention over Taiwan, Chinese Foreign Minister Wang Yi said Sunday. Remarks earlier this month by Japanese Prime Minister Sanae Takaichi that a Chinese naval blockade or other...
While Malacañang maintained its distance over the issue of local chief executives who were abroad during the onslaught of Typhoon Tino, it warned against complacency in times of disasters. "Unang-una sa Pangulo, hindi po niya gusto ito. Hindi niya po gusto na ang mga liderato ay chill-chill lang...
Malacañang said local executives, who were abroad during the onslaught of Typhoon Tino, will have to explain the purpose of their travel. Palace Press Officer and Communications Undersecretary Claire Castro said the local chief executives ' overseas travel will have to be assessed first...
Net inflows of brick-and-mortar foreign direct investments (FDI) in the Philippines rebounded in July to a one-year high of $1.27 billion, recovering from a six-month low in June. Despite this record, net FDI inflows declined by 7.5 percent from $1.37 billion in July last year, according to...
Aside from lead cornerstone investors International Finance Corp. and Asian Development Bank (ADB), Maynilad Water Services, Inc. has signed cornerstone investment agreements with 10 more international and domestic institutions led by the UK’s Foreign, Commonwealth and Development Office, acting...
Members of the Joint Foreign Chambers of the Philippines (JFC) have presented a fresh list of reforms to the government, aimed at increasing the competitiveness of the Philippines, which has lagged behind its peers in Southeast Asia. During the 14th Arangkada Philippines Forum, the JFC unveiled the...
Investors are more keen in investing in a country whose leader fights corruption. This was how Malacañang made an assurance over the reputational risks the ongoing investigation on corruption practices may cause to domestic and foreign investments. "We all know that investors want to invest in...
The Department of Agriculture (DA) has expressed its support for the Philippines’ ratification of a treaty under the United Nations Convention on the Law of the Sea (UNCLOS), which promotes the conservation and sustainable use of marine resources. In a statement, the DA said it will support the...
Net inflows of brick-and-mortar foreign direct investments (FDI) into the Philippines only increased to $376 million, marking its lowest hike in six months since the $356 million in December last year. Net FDI inflows declined by 17.8 percent from $457 million in June last year, according to the...
Senate President Francis “Chiz” Escudero expressed confidence that more foreign investors will look at the Philippines as an ideal investment destination with the enactment of a law that extends their land lease contract to 99 years. The measure, principally authored by Escudero during the...
The Chinese Foreign Ministry once more warned Philippine officials for their provocative and “irresponsible remarks” about the China-Taiwan issue, saying that such actions “will only backfire.” In his regular press conference on Friday, Sept. 5, Chinese Foreign Ministry Spokesperson Guo...
President Marcos has signed into law Republic Act No. 12252, amending the Investors’ Lease Act to allow foreign investors to lease private lands in the Philippines for up to 99 years, under stricter safeguards and accountability measures. The new measure, approved on Sept. 3, aims to encourage...
