Elevated energy costs, weak investment, and softer domestic demand are slowing the Philippines’ recovery from its recent growth slump, according to Singapore-based United Overseas Bank Ltd. (UOB), warranting continued monetary policy tightening by the Bangko Sentral ng Pilipinas (BSP). In its...
A California jury has found Filipino American Larry Millete guilty of first-degree murder in the death of his wife, Maya Millete, a Filipina, who went missing on Jan. 7, 2021 and has never been found. Fox 5 San Diego reported that jurors in Chula Vista delivered a unanimous guilty verdict after...
Singapore-based fintech firm Atome Philippines has secured a ₱5-billion wholesale credit facility from homegrown Asia United Bank (AUB), providing fresh local-currency funding to accelerate the expansion of its buy now, pay later (BNPL) business. In a July 9 statement, Atome said the fresh...
The Philippines’ private sector is expected to receive funding from the United States’ (US) $205-billion financing program under the International Development Finance Corp. (DFC) to advance the development of big-ticket projects. In a virtual briefing on Wednesday, July 8, DFC Chief Policy...
The Philippines’ healthcare system is emerging as a promising export destination for American firms as demand for health information technology (IT) continues to grow, according to the United States Commercial Service (USCS). In a briefer, the trade promotion arm of the US Department of...
ANKARA (Jiji Press) -- The foreign ministers of Japan, the United States and South Korea shared concern over the recent launch of a ballistic missile by a nuclear-powered Chinese navy submarine at a meeting in Ankara, Turkey, on Tuesday. Japanese Foreign Minister Toshimitsu Motegi, U.S. Secretary...
The Philippines is pushing for an exemption from the proposed 12.5-percent tariff on its imports into the United States (US), arguing that existing trade policies have not been proven to facilitate the importation of goods produced with forced labor. In a July 6 submission to the Office of the US...
The Philippine Navy (PN) and Philippine Coast Guard (PCG) will take part in all major events during the sea phase of this year’s Rim of the Pacific (RIMPAC) Exercise, with the United States highlighting Manila 's growing role in the world 's largest multinational maritime drills. Rear...
We often think of the Philippines through the lens of water. We prepare for stronger typhoons, rising seas, and devastating floods. Drought has always been part of the conversation—especially during El Niño years—but it has rarely occupied the same place in our national consciousness. That may...
More than 25 American business executives and investors will visit the country next week for a business mission as the United States (US) seeks to deepen its economic ties with the Philippines, which recently secured upper-middle-income status. In a statement, the Department of Trade and Industry...
Asia United Bank Corp. (AUB) has approved a plan to increase its authorized capital stock nearly five-fold as the lender prepares to expand its digital services and deploy generative artificial intelligence (AI). In a disclosure to the Philippine Stock Exchange, AUB stated that its board of...
The Philippines is well-positioned to meet the surging international demand for ube (purple yam), but persistent gaps in domestic production are limiting its ability to capitalize on this export potential, according to the United States Department of Agriculture (USDA). In a market brief dated June...
