Renewed Houthi attacks in the Red Sea are seen aggravating oil price- and supply-driven inflation pressures in the Philippines stemming from the ongoing war in the Middle East. “While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited,...
The Philippines is projected to increase its consumption of wheat-based products in the current marketing year (MY) to nearly seven million metric tons (MT), although rising input costs may temper growth, according to the United States Department of Agriculture (USDA). In a report, the USDA...
Singapore-based United Overseas Bank Ltd. (UOB) expects the Bangko Sentral ng Pilipinas (BSP) to keep key interest rates unchanged this year, despite rising risks to growth and inflation from the ongoing war in the Middle East. “Amid persistent uncertainty over the Middle East conflict, we expect...
The United States (US) has once again flagged corruption as a major barrier to trade and investment with the Philippines, as recent efforts to clean up regulatory and judicial processes have failed to yield positive results. In this year’s National Trade Estimate (NTE) report, the Office of the...
The United States (US) is targeting the expansion of its key agricultural exports to the Philippines as it launches a trade mission in Manila next month to unlock new agricultural opportunities. In a statement, the US Department of Agriculture (USDA) said it will lead an agribusiness trade mission...
The Philippines’ rice imports may increase to over five million metric tons (MT) in the upcoming marketing year (MY) 2026-2027 to plug the shortfall in domestic production, according to the United States Department of Agriculture (USDA). In a report, the USDA estimated that the country’s rice...
The United States has asked the Philippines, one of its closest allies hardly hit by its ongoing conflict with Iran, regarding its current energy needs, as the country battles a national energy emergency, Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro has bared. Lazaro said "the...
UNITED NATIONS (AP) — The U.N. General Assembly on Wednesday adopted a resolution declaring the trafficking of enslaved Africans “the gravest crime against humanity” and calling for reparations as “a concrete step towards remedying historical wrongs.” The resolution also urges “the...
The De La Salle Model United Nations (DLSMUN) is set to initiate its 12th annual conference on April 23-25 at De La Salle University-Manila. For 12 years, DLSMUN)conference has become one of the largest, premier intercollegiate model United Nations conferences in the Philippines. The conference has...
The Armed Forces of the Philippines (AFP) has dismissed concerns that the United States might withdraw its military hardware from the country to support the ongoing conflict in the Middle East. Rear Adm. Roy Vincent Trinidad, AFP spokesperson for the West Philippine Sea (WPS), made the...
President Marcos has concluded his working visit in New York, which he described as "very productive" after engaging with the United Nations (UN) to call for peace amidst tensions in the Middle East and campaign for the Philippines ' bid for a seat at the UN Security Council. Marcos and his...
President Marcos has addressed the United Nations General Assembly (UNGA) to campaign for the Philippines ' bid for a non-permanent seat at the UN Security Council, stressing that the country "is ready to be part of the solution." In his special address to the UNGA before concluding his...
