The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
Filipino mixed martial artists Jean Claude Saclag and Gina Iniong-Araos nabbed gold medals in the 4th Asian MMA Championships in Tashkent, Uzbekistan on Sunday, May 24. Saclag defeated Zhussupov Chingiz of Kazakhstan via first round knockout to top the men’s traditional MMA -65 kilogram class...
Filipino violinist and singer-songwriter Muri brought her brand of neo-soul and indie pop to the international stage after performing at the AXEAN Stage of Focus Wales in Wrexham, North Wales on May 16, representing the Philippines as the festival’s lone Filipino act. Performing alongside artists...
The Philippine government and the Beijing-based Asian Infrastructure Investment Bank (AIIB) are exploring partnerships in digitalization and energy aimed at improving the ease of doing business and accelerating infrastructure development to support economic growth. In a statement on Friday, May 22,...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
Razon-led International Container Terminal Services Inc. (ICTSI) has secured a $300-million loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to support the expansion and upgrade of three container terminals across the Philippines. In a statement on Wednesday, May 20, ICTSI...
The Asian Development Bank (ADB) said multilateral development banks (MDBs) are coordinating efforts to help countries manage the economic fallout from the conflict in the Middle East through financing support, policy assistance, private-sector instruments, and technical expertise. In a statement...
Elite speed cubing comes to Philippine soil with the staging of the inaugural Philippine National Speed Cubing Open 2026 on May 27 and 28 in Tagaytay City. It 's the first nationally-endorsed speed cubing tournament in the Philippines which the Asian Mind Sports Association (AMSA) is...
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,...
Motorcycle sales in the Philippines accelerated by eight percent to more than 640,000 units in the first four months of the year as fuel prices remained elevated, although the impact of inflation on purchases is already being felt. Based on data from the Federation of Asian Motorcycle Industries...
The Asian Development Bank (ADB) is prepared to provide up to $1.75 billion in additional financing to help the Philippines, its host country, manage the economic fallout from the ongoing conflict in the Middle East. In a statement on Friday, May 15, the Manila-based multilateral lender said ADB...
Victims of two typhoons that struck the country last year would soon receive cash assistance after the Philippines and the Asian Development Bank (ADB) signed the agreement for a $3-million grant that will fund emergency aid for families affected by Typhoons “Tino” and “Uwan.” Documents...
