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...
British banking giant Barclays expects Philippine economic growth this year to fall to a new post-pandemic low, even as easing tensions in the Middle East may help limit further downside risks to the outlook. An April 17 report obtained by Manila Bulletin showed Barclays’ latest forecast of just...
Developing economies including the Philippines are pressing the World Bank Group (WBG) to help reduce borrowing costs as the economic fallout from the Middle East conflict drives up oil prices, disrupts supply chains, and threatens growth and food security. In an April 16 statement delivered before...
WASHINGTON (AP) — President Donald Trump said that U.S. negotiators will head to Pakistan on Monday for talks with Iran, lifting hopes of extending a ceasefire set to expire this week even as Washington and Tehran remain locked in a standoff over the Strait of Hormuz. The prospect of talks on...
CAIRO (AP) — The standoff over the Strait of Hormuz escalated again Saturday as Iran reversed its reopening of the crucial waterway and fired on ships attempting to pass, in retaliation after the United States pressed ahead with its blockade of Iranian ports. The strait is closed until the U.S....
ANTALYA, Turkey (AP) — Iran is not yet ready to hold a new round of face-to-face talks with U.S. officials, a senior Iranian official said Saturday, citing Washington 's refusal to abandon “maximalist” demands on key issues. In an interview with The Associated Press on the margins of a...
Multilateral development banks (MDBs) are stepping up coordination to cushion economies from the spillover effects of the Middle East conflict, citing rising energy costs, supply chain disruptions, and tighter financial conditions as immediate risks to growth and stability. In an April 17 joint...
