The Asian Development Bank (ADB) is mobilizing $4 billion in financing to help its developing member countries (DMCs) cope with the economic fallout from the ongoing war in the Middle East, with the Philippines among those seeking assistance as higher fuel, food, fertilizer, and freight costs...
The Washington-based International Monetary Fund (IMF) said it stands ready to deploy support to the Philippines should it request assistance during the ongoing Middle East war, assuring close engagement with local authorities through surveillance and policy advice. This remained the IMF’s...
The World Bank Group (WBG) has lowered its 2026 growth forecast for the Philippines to 3.7 percent, warning that the ongoing war in the Middle East is weighing heavily on energy-importing economies and threatening to push global growth to its weakest pace since the onset of the Covid-19 pandemic....
WASHINGTON (AP) — President Donald Trump has long been looking for this weekend to be a big one for his presidency. The World Cup returns to the U.S. on Friday for the first time in 32 years after Trump threw himself into winning the bid to co-host the soccer tourney during his first term. He...
DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump said Thursday he had called off new military strikes on Iran, claiming a breakthrough in negotiations to end the war just hours after the American leader threatened to escalate the conflict by seizing control of Iran 's oil...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
DUBAI, United Arab Emirates (AP) — The United States launched a second round of airstrikes on Iran into Thursday morning after President Donald Trump warned that Tehran would “pay the price” for stalled negotiations, and Iran responded with strikes targeting Bahrain, Kuwait and Jordan. The...
The Philippine Stock Exchange index (PSEi) dipped marginally on Wednesday, June 10, after shots were again fired between the United States (US) and Iran as the prolonged conflict approached its 100th day. The main index shed 4.35 points, or 0.07 percent, to close at 5,941.36. Mining and oil stocks...
DUBAI, United Arab Emirates (AP) — The United States launched airstrikes early Wednesday against Iran, and Tehran fired back at countries in the region. The escalating attacks threatened to derail efforts to end the war, as U.S. President Donald Trump warned that Tehran would "pay the price" for...
A Tagaytay City Regional Trial Court sent a Canadian national to life imprisonment after he was found guilty of illegal drug charges in connection with the P9.5-billion shabu haul in Batangas two years ago, the Philippine National Police (PNP) disclosed on Wednesday, June 10. PNP chief Gen. Jose...
KYIV, Ukraine (AP) — Ukrainian forces struck oil facilities in Russia and occupied Ukraine, Ukrainian and Russian officials said Monday, as part of their campaign to make Moscow pay an economic cost for the war. Separately, Ukraine’s President Volodymyr Zelenskyy has confirmed that Roman...
Getting a haircut is difficult for fugitive men but it did not deter operatives of the Criminal Investigation and Detection Group (CIDG) from confirming the identity of dismissed police official Rafael Dumlao—a wanted man tagged in the brutal kidnap-slay of South Korean businessman Jee Ick Joo....
