The United States Department of Agriculture (USDA) has revised upward its forecast for global rice production by 300,000 metric tons (MT) amid higher rice output in the Philippines. In its latest report on world grain markets and trade, the USDA credited the high yields from the Philippines for...
The Philippines, United States, and Japan agreed that a free, stable, and secure Indo-Pacific region hinges on the economic development of the Philippines, as the three countries underscored the importance of their trilateral cooperation. In a statement about the trilateral meeting held on the...
The Philippines has thrown its support behind a commitment to reform international financial systems to address the $4-trillion, or around ₱225-trillion, annual gap in sustainable development funding. Presented during the recent Fourth International Conference on Financing for Development (FFD4)...
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...
