While the Philippine tax effort—tax collections as a share of gross domestic product (GDP)—stood below the Asia-Pacific (APAC) average, the country outpaced most of its Southeast Asian peers. According to the Paris-based Organisation for Economic Co-operation and Development’s (OECD) Revenue...
The Philippines is expected to maintain its position as the world’s second-largest exporter of pineapples over the next decade on the back of rising demand from China, according to two international organizations. In a joint report published on Monday afternoon, June 29, the Organization for...
The Philippine Coast Guard (PCG) and the United States Coast Guard (USCG) have reaffirmed their commitment to deepen operational cooperation amid rising regional maritime security challenges. The commitment was underscored during the official visit of USCG Pacific Area Commander Vice Admiral Joseph...
President Marcos said the Philippines and Russia are beginning to put in place a system for petroleum supplies after previous purchases from Moscow were made on an ad hoc basis in response to the global oil crisis triggered by the conflict in the Middle East. Speaking to reporters in Russia...
President Marcos and Russian President Vladimir Putin have agreed to explore new opportunities for cooperation in food security, energy, trade, and investment, with both leaders noting significant untapped potential in Philippine-Russia relations despite steady economic ties. The two leaders met in...
The Organization for Economic Cooperation and Development (OECD) has flagged corruption as a major risk to Philippine infrastructure delivery, warning that the multibillion-peso flood-control corruption scandal show that current accountability safeguards remain insufficient to prevent the misuse of...
The Department of National Defense (DND) and its Canadian counterpart signed a logistics agreement designed to “put teeth” into their expanding security alliance in the Indo-Pacific region. Department of National Defense (DND) Secretary Gilberto Teodoro Jr. and Canadian Minister of National...
The Philippines, Japan, and the United States have reaffirmed their strong opposition to any unilateral attempts to change the status quo in the South China Sea through force or coercion. The commitment was made during the Second Japan-US-Philippines Maritime Dialogue held in Manila, where...
Starting in 2028, the Philippines will automatically exchange information on crypto-asset transactions annually with foreign tax authorities, according to the Paris-based Organization for Economic Cooperation and Development (OECD). According to OECD’s “Tax Transparency in Asia 2026: Asia...
The Philippines’ automotive market has received another vote of confidence from Japan, with the Japan Bank for International Cooperation (JBIC) backing a $573-million financing package to support the vehicle sales business of Mitsubishi Motors Finance Philippines Inc. (MMFP). In a statement...
Member states of the Association of Southeast Asian Nations (ASEAN) have taken a major step toward creating the region 's first formal platform dedicated to coast guards and maritime law enforcement agencies, with officials meeting in Manila to push for the establishment of the ASEAN Coast...
Citing the rising risk of inflation expectations becoming de-anchored, the Paris-headquartered intergovernmental Organization for Economic Cooperation and Development (OECD) holds one of the most hawkish positions on policy tightening, penciling in a maximum of 125 basis points (bps) in interest...
