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...
Escalating tensions in the Middle East and the resulting spike in global oil prices could trigger broader economic disruptions in the Philippines, worsening inflation, weakening the peso, and raising costs across transportation, food, tourism, and other energy-intensive industries, according to...
It is encouraging when two leaders of the world 's largest economies meet, President Marcos said. He said this when asked for a statement on the high-level meeting between United States President Donald Trump and Chinese President Xi Jinping to discuss economic and trade issues. "Well, I think...
Seven multilateral development banks (MDBs), including the Manila-based Asian Development Bank and the World Bank Group (WBG), pledged coordinated support measures to help countries manage the economic fallout from the ongoing conflict in the Middle East. In a joint statement released in Paris,...
Echoing a previous statement from Senator Robin Padilla, Malacañang urged Senator Ronald "Bato" Dela Rosa to come out and face the charges against him. Palace Press Officer and Communications Undersecretary Claire Castro said Dela Rosa, who used to be the chief of the Philippine National Police...
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...
KYIV, Ukraine (AP) — Russia attacked targeted Ukraine 's capital with a mass drone and missile attack early Thursday morning that killed at least one and injured 33 people, local authorities said. Ukraine’s Air Force said its air defenses shot down or jammed 693 targets overnight,...
Senator Ronald “Bato” dela Rosa said on Wednesday, May 13, he does not regret enforcing the Duterte administration’s war on drugs despite the possibility of being arrested in connection with the International Criminal Court’s (ICC) investigation into the campaign. In an interview, Dela...
TOKYO (AP) — The packaging on some snacks in Japan is turning a somber black-and-white, as the war in Iran disrupts the supply of an ingredient used in colored ink. Tokyo-based Calbee Inc., which makes potato chips and cereal, said what 's inside remains the same. Calbee 's popular...
The Philippine National Police (PNP) recalled on Wednesday, May 13, the subpoena it issued against its former chief and now Sen. Ronaldo ‘Bato” Dela Rosa amid the ongoing political tension over the issuance of arrest warrant against him by the International Criminal Court (ICC). PNP spokesman...
Vice President Sara Duterte said former President Rodrigo Roa Duterte (PRRD) remains in “good spirits” as he faces legal proceedings before the International Criminal Court (ICC) in The Hague, Netherlands. In a video interview released by the Office of the Vice President (OVP) on Wednesday, May...
Former president Rodrigo Duterte tapped British lawyer Peter Haynes as his new lead legal counsel, following the withdrawal of Nicholas Kaufman from the defense team. The International Criminal Court disclosed on Tuesday, May 12, that Haynes will take over Kaufman’s role as Duterte’s lead...
