Private-sector economists believe the Bangko Sentral ng Pilipinas (BSP) has room for two more cuts in key borrowing rates, following four straight months of inflation staying below the government’s target band of two to four percent, and amid continued risks of economic underperformance. “Given...
The alliance between the Philippines and the United States is “stronger than ever,” US Ambassador to the Philippines MaryKay Carlson said, as she affirmed that Washington is proud to “stand shoulder-to-shoulder” with Manila toward a safe, free, and prosperous future. In her speech during...
United States Ambassador to Manila MaryKay Carlson is unsurprised by plans to establish a mutual ammunition co-production factory in the former US Naval Base Subic Bay. In an interview on the sidelines of the US Independence Day celebration on Thursday, July 3, the envoy recalled the joint...
Coming in the heels of its record performance last year, Asia United Bank (AUB) is confident that it will register a stronger financial performance in 2025 despite geopolitical and economic headwinds buffeting global markets. “We look to 2025 as a stronger year for the country, for the banking...
The Philippines will see a slight improvement in its rice production in the upcoming marketing year (MY) as the government’s support programs for the sector—including the sale of subsidized rice—are now starting to pay off, according to the United States Department of Agriculture (USDA). In a...
BONN, Germany – A solid justification is being sought from the United Nations’ Supervisory Body for the prescribed 1.0 percent annual increase in the downward adjustment baseline for emissions reduction under the Paris Agreement Crediting Mechanism, to be operationalized as a UN-backed global...
Senator Raffy Tulfo paid a courtesy call to the Philippine Consulate General in San Francisco, California amid the intensified crackdown by the United States Immigration and Customs Enforcement (ICE) on immigrants and undocumented workers. The San Francisco Philippine Consulate has jurisdiction...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo said he will be formally stepping down from his post on June 30, a month ahead of the scheduled transition announced by Malacañang earlier. He made the announcement during a farewell luncheon meeting with the diplomatic press corps in...
The Philippines’ fuel ethanol consumption is projected to grow by as much as five percent this year, as the steady growth of car sales and the government’s large-scale infrastructure projects drive high demand beyond conventional fuel sources, according to the United States Department of...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo reaffirmed the Philippines’ role in pursuing the ideals and principles of the United Nations (UN) and its commitments as a proponent of multilateralism, stressing the need for nations to work together to solve common...
The Philippine Embassy in Tel Aviv announced that Israel is now back to its “full activity status” after a fragile ceasefire seemed to have held hours after it began. The advisory was posted on the embassy’s Facebook account on Wednesday, June 25. “Kasunod ng pag anunsyo ng ceasefire...
The Philippine Air Force (PAF) committed on Tuesday, June 24, its air assets for the possible repatriation of distressed overseas Filipinos amid the escalating tension between Israel and Iran. PAF Commanding General, Lt. Gen. Arthur Cordura ordered the fleet’s C-295 and C-130 transport aircraft...
