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...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
Many developing economies, including the Philippines, are expected to lose their competitiveness in the United States (US) market once the currently suspended tariffs imposed by the Trump administration are reinstated, according to the United Nations Conference on Trade and Development (UNCTAD)....
Money sent home by Filipinos working and living in the United States (US) is seen at risk from the remittance tax proposal pending in the US Congress, according to the think tank Capital Economics. "The proposed five-percent US tax on remittance outflows would have a particularly large negative...
After years of delays and half-powered commitments, the Philippine energy service company (ESCO) market is finally into high gear—helping energy-intensive businesses cut waste, boost efficiency, and usher them into the fast lane of green tech. And while at it, these energy efficiency frontrunners...
