Some Filipinos classified as “non-poor” may actually be living in poverty, as current measurement methods fail to capture how resources are shared within households, according to state-run think tank Philippine Institute for Development Studies (PIDS). In a statement on Friday, April 24, PIDS...
The soon-to-rise United States (US) economic security zone in the Philippines could strengthen the country’s role in global supply chains for semiconductors and critical minerals, potentially moving the local industry beyond its current focus on low-value assembly and testing, according to the...
Sari-sari stores recorded a 90-percent surge in sales in March as rising global oil prices triggered widespread stockpiling among micro-retailers and households, according to homegrown tech startup Packworks. In a statement on Thursday, April 23, Packworks said that based on over one million...
DUBAI, United Arab Emirates (AP) — Iran fired on three ships in the Strait of Hormuz and seized two of them Wednesday, intensifying its assault on shipping in the key waterway. The attacks came a day after U.S. President Donald Trump extended a ceasefire while maintaining an American blockade of...
While Asian currencies have been on a modest decline since Middle East tensions flared up, Japanese financial giant MUFG Bank Ltd. said the Philippine peso was the biggest loser among regional currencies, given the domestic economy’s high exposure to imported oil. Separately, think tank Capital...
Government anti-narcotics agents seized around P278.8 million worth of shabu after arrestingtwo Chinese suspects on Tuesday, April 21, during a buy-bust operation in Quezon City. From the onset, the Philippine Drug Enforcement Agency (PDEA) and Philippine National Police (PNP) team gathered...
ISLAMABAD (AP) — President Donald Trump said Tuesday the United States is extending its ceasefire with Iran at Pakistan 's request as he waits for a unified proposal from the Islamic Republic. The announcement came as last-minute ceasefire talks between the U.S. and Iran looked uncertain...
The 41st iteration of Exercise Balikatan officially kicked off this week, touted as the largest and most complex version of the Philippines-United States annual war games to date. Running from April 20 to May 8, the exercise features more than 17,000 soldiers from the Armed Forces of the...
Philippine economic growth in 2026 would have hit the government’s downgraded target range had the war in the Middle East been short-lived, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). However, the Bangkok-headquartered UNESCAP said a...
WASHINGTON (AP) — President Donald Trump offered mixed messages on Monday about the path ahead for the U.S. war against Iran , declaring that he was in no rush to end the conflict while also expressing confidence that further negotiations with Tehran will soon take place in Pakistan. With the...
Rising energy prices triggered by the Middle East conflict are placing financial pressure across the Philippine office sector, with costs ultimately shared among landlords, occupiers, and the broader market, according to property consultancy Colliers. In a report on Monday, April 20, Colliers...
NEW YORK (AP) — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading...
