The Department of National Defense (DND) has advanced its strategies to expand the country’s cyber defense and artificial intelligence (AI) capabilities during a recent meeting with United States officials. DND Undersecretary for Information Systems and Cybersecurity Fabian M. Pedregosa met with...
The growth of global merchandise trade is expected to ease to as low as 1.5 percent this year as geopolitical tensions cast doubt on supply chains and threaten demand for critical inputs such as semiconductors, according to the United Nations Conference on Trade and Development (UNCTAD). In its...
The Department of Foreign Affairs (DFA) said the United Nations (UN) is unlikely to take action on a written statement submitted by the International Career Support Association (ICSA) and circulated by the Human Rights Council (HRC), describing the group’s allegations as “baseless claims.” In...
The World Bank warned that the Philippines’ broad-based economic slowdown in the first quarter of 2026 could spill over into weaker household incomes and higher food prices as the country grapples with an escalating energy price shock triggered by tensions in the Middle East. In its latest...
Washington is pressing Manila to grant unprecedented legal protections—potentially including a form of diplomatic immunity—to secure American corporate investments in the planned mega artificial intelligence (AI) hub in New Clark City, a proposal Philippine officials have already rejected. US...
Asia United Bank Corp. (AUB) posted a record net income of ₱3.2 billion for the first quarter of the year, driven by expanding margins and a surge in low-cost deposits that helped the lender weather global economic headwinds stemming from conflict in the Middle East. In a disclosure to the...
De La Salle University (DLSU) economists slashed their 2026 Philippine gross domestic product (GDP) growth forecast to 3.11 percent from 3.79 percent previously, warning that the economy is facing mounting pressure from the Middle East conflict, elevated inflation, and lingering domestic...
Logistics giant United Parcel Service Co. (UPS) is expanding its presence at Clark International Airport, the bustling gateway north of Manila, with the launch of a cargo service that would connect Clark to Hong Kong. UPS is planning to mount cargo operations between Clark and Hong Kong through...
AMMAN, Jordan (AP) — Yemen 's internationally recognized government and the Iran-backed Houthi rebels agreed Thursday to free more than 1,600 detainees in the largest swap during Yemen 's 11-year civil war. The deal was signed in Amman, Jordan, after 14 weeks of negotiations observed...
The Philippines dropped to 10th on the list of the United States’ (US) largest export destinations for agricultural products in 2025 after shipments declined by two percent due to weaker imports of wheat and processed vegetables. Based on its Agricultural Export Yearbook published last May 13,...
The United States (US) is taking the lead in the development of the long-delayed Sangley Point International Airport (SPIA) through the funding of a new feasibility study, as part of its commitment to boost economic activity within the Luzon Economic Corridor (LEC). The US Trade and Development...
The United Nations Conference on Trade and Development (UNCTAD) is sounding the alarm over the growing use of non-tariff measures (NTMs) in global trade policies, warning that smaller developing economies face higher export costs that could hinder economic growth. In its monthly report on global...
