The Philippines, the United States, and Japan have started discussing ways to strengthen economic resilience in the face of economic coercion. Senior government officials from the three countries on Friday, Oct. 25, held an informal trilateral discussion in Manila to strengthen close coordination...
The finance chiefs of the 21-member Asia-Pacific Economic Cooperation (APEC) have established a public-private Sustainable Finance Initiative (SFI) to foster inclusivity and resiliency in the region. In a statement, APEC said the SPI is "a flexible, voluntary and non-binding collaboration tool...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Hundreds of passengers at the Ninoy Aquino International Airport (NAIA) Terminal 3 have been hit by a bag delay glitch after the terminal's baggage handling system malfunctioned on Tuesday afternoon. In a statement, Cebu Pacific said 821 bags across its flights were hit by the system glitch. "Cebu...
A decade after the Cebu Action Plan was crafted in the Philippines, finance ministers of the Asia-Pacific Economic Cooperation (APEC) will come up with a new non-binding five-year roadmap attuned to the regional challenges of these times. "Despite the reduction of inflationary pressures and gradual...
Low-cost carrier Cebu Air Inc. has launched new domestic flights from Iloilo as part of its commitment to enhance inter-island connectivity and make air travel more accessible. In a statement on Monday, Oct. 21, the operator of Cebu Pacific said it will launch daily flights between Iloilo and...
Amid announcements of terminal reassignments at the Ninoy Aquino International Airport (NAIA), air travelers were advised to check and prepare ahead of their flight schedules to ensure a smoother and more convenient journey especially during the "Undas" break. In a statement over the weekend, Cebu...
Senator Loren Legarda highlighted the significance of gender-responsive disaster risk governance, recognizing the role of women as leaders and agents of change. "These girls already have a vision for a future where they can thrive. Our role is to ensure they have the resources, education, and...
President Marcos has enjoined the Asia-Pacific region to advocate for stronger international legal frameworks that would guide countries on disaster prevention and response. President Ferdinand R. Marcos Jr. leads the opening ceremony of the Asia-Pacific Ministerial Conference on Disaster Risk...
"Our vision is clear: to reduce disaster risks and losses, and in doing so, protect lives, livelihoods, and the social and economic assets that underpin our societies." This was President Marcos' clear objective as he expressed his desire for a more resilient Asia-Pacific Region that he believes...
Moody’s Analytics expects that this year’s dismal foreign trade performance will rebound next year, aligning with government expectations. “The trade performance this year has been underwhelming, but we see opportunities for a pickup in 2025,” Moody’s Analytics said. In August, the...
China has accused the United States of inciting confrontation in the Indo-Pacific by purportedly deploying weapons and increasing military activities in the South China Sea. Mao Ning, spokesperson for China's Foreign Ministry, said it is the US that is "the biggest source of instability in the...
