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...
The Philippines and Vietnam signed four agreements covering defense, digital transformation, tourism, and education. The four agreements were signed during the meeting between President Marcos and Vietnamese President To Lam at Malacañan on Monday, June 1. During a joint press conference, Marcos...
The Philippines is expected to remain a major supplier of caregivers, nurses, and domestic workers to aging economies in the Asia-Pacific region, although state-run policy think tank Philippine Institute for Development Studies (PIDS) warned that Filipina migrant workers continue to face precarious...
The Philippines encouraged member economies of the Asia-Pacific Economic Cooperation (APEC) to reject arbitrary non-tariff measures (NTMs) and push for key reforms in the global trading environment to ensure resilient supply chains, the Department of Trade and Industry (DTI) said. Trade Secretary...
