The Department of National Defense (DND) and the Armed Forces of the Philippines (AFP) on Sunday, Aug. 30, marked the 75th anniversary of the Mutual Defense Treaty (MDT), an agreement which provides the legal and strategic framework for defense cooperation with the United States, giving both...
NEW YORK (AP) — The bond market swung Friday as investors built bets that the Federal Reserve may hike interest rates soon to get the nation 's high inflation under control. U.S. stocks, meanwhile, dipped but not by much after economists said a speech by Chairman Kevin Warsh helped...
Demand for the safe-haven United States (US) dollar surged amid heightened geopolitical uncertainty, sending the Philippine peso tumbling to a fresh historic low of ₱62.265 on Friday, Aug. 28, from the previous record of ₱61.888 just a day ago. The local currency slid to an intraday low of...
Local markets reacted quickly to the Bangko Sentral ng Pilipinas’ (BSP) higher inflation assumption for 2027 due to El Niño risks, pushing the Philippine peso to a historic low of ₱61.888 on Thursday, Aug. 27. The record low extended the peso’s recent weakness, with the local currency...
The Armed Forces of the Philippines (AFP) and its counterparts from the United States and Australia conducted a weeklong series of maritime and air operations in the West Philippine Sea (WPS) aimed at improving how their forces coordinate during joint missions, it was revealed on Wednesday, aug....
The Philippine Coast Guard (PCG) said on Sunday, Aug. 23, that it has formally received two 27-meter Marine Protector-class patrol vessels from the United States (US), a move seen to bolster the country’s maritime safety, environmental protection, and domain awareness operations. The vessels are...
The Trump administration has accused the Philippines of playing a key role in a “shadow transshipment network” that allows China to evade tariffs on products entering the United States (US). In a report titled “The Great Transshipment Scam,” the White House classified the Philippines under...
The Philippines is expected to increase its imports of dairy products from the United States (US), driven by growing demand for high-quality protein and limited local dairy production, according to the US Dairy Export Council (USDEC). USDEC Regional Director Dali Ghazalay said US dairy exports to...
The Philippines is looking to accelerate foreign capital inflows through the inaugural investment forum for the Luzon Economic Corridor (LEC), which will showcase key opportunities, including the proposed Pax Silica artificial intelligence (AI) hub. In a statement, the United States Trade and...
The Armed Forces of the Philippines (AFP) said any decision to update the Mutual Defense Treaty (MDT) rests with policy makers in Manila and Washington as the two allies confront growing security challenges in the region. AFP spokesperson retired admiral Roy Vincent Trinidad said the 75-year-old...
SEOUL, South Korea (AP) — South Korean and U.S. troops will begin their annual exercises next week to beef up readiness against North Korean threats, the allies announced Monday, days after North Korea resumed ballistic missile testing activities that are banned by the U.N. The Ulchi Freedom...
The Philippines’ biofuel consumption is expected to post moderate growth of one percent to two percent this year as higher pump prices temper fuel demand, according to the United States Department of Agriculture (USDA). In a report released July 23, the USDA noted that growth in both domestic...
