Singapore-based United Overseas Bank (UOB) has downgraded its 2025 economic growth forecast for the Philippines amid global trade uncertainties, which, in turn, bolstered its expectations of further interest rate cuts. In its new quarterly global outlook report for the third quarter of 2025,...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
Department of Foreign Affairs (DFA) Enrique Manalo expressed the country’s recommitment to the United Nations (UN) Charter, emphasizing the importance of the rule of law and multilateralism, during his meeting with UN Secretary-General Antonio Guterres. Manalo and Guterres met on Friday, June...
It’s a day late, but Happy Independence Day! Yes, Virginia, June 12 marked the 127th year of our independence. But wait, did you know there’s even more to celebrate every June 12? Based on my research, did you know that June 12 is also Raggedy Ann and Andy Day, as well as National Jerky Day,...
Amid growing concerns over China’s “destabilizing actions” in the South China Sea, the Philippines and the United States committed to deepening their defense relations and exploring new partnerships with allies in the region. (From left) DFA Secretary Enrique Manalo and US Secretary of...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo and United States Secretary of State Marco Rubio will meet on Monday, June 9, “to discuss matters of mutual interest.” (From left) US Secretary of State Marco Rubio and DFA Secretary Enrique Manalo (AP, DFA) In his pre-departure...
With falling inflation and elevated positive real interest rates, the Bangko Sentral ng Pilipinas (BSP) is all set to further slash the key borrowing rate on June 19, according to Singapore-based United Overseas Bank (UOB). The five-and-a-half-year low headline inflation of 1.3 percent recorded in...
As the world grapples with the continued rise of plastic pollution across marine and freshwater ecosystems, developing economies such as the Philippines are ramping up the production of non-plastic alternatives, with seaweed as a major source. In its latest global trade update, the United Nations...
UNITED NATIONS (AP) — The U.N. General Assembly overwhelmingly elected Germany 's former foreign minister Annalena Baerbock to be the next head of the 193-member world body in a secret-ballot vote demanded by Russia. Baerbock got 167 votes, almost double the 88 votes needed to win, while...
The Department of National Defense (DND) reinforced its defense cooperation with major European allies on the sidelines of the Shangri-La Dialogue in Singapore on Saturday, May 31. DND Secretary Gilberto Teodoro Jr. held separate bilateral meetings with European Union (EU) chief diplomat Kaja...
The United States (US) Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology Inc., a Philippines-based firm, and its Chinese administrator Liu Lizhi, for facilitating massive virtual currency investment scams known as “pig butchering.” These...
Logistics solutions provider Airspeed is projecting a 10 percent decline in its export service this year, as prospective buyers of Philippine products are holding off their orders ahead of the reimplementation of the United States’ (US) tariff policy. Airspeed Group President Rosemarie Rafael...
