Tourism contributed 8.1 percent to the Philippine economy in 2025, although the industry’s direct contribution to economic output slightly declined from a year ago, according to the Philippine Statistics Authority (PSA). The PSA reported on Thursday, May 28, that tourism direct gross value added...
The Department of Foreign Affairs (DFA) on Thursday, May 28, said Philippine law enforcement operations involving Chinese nationals are being conducted in accordance with Philippine laws and are not targeted against any nationality. In a statement, Foreign Affairs Spokesperson Analyn Ratonel said...
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...
ZAMBOANGA CITY – More than P100 million in smuggled cigarettes were seized by the Philippine Navy during separate operations from May 23 to 24 in Western Mindanao. The Naval Command Western Mindanao intercepted two vessels identified as FB Sea Dragon and MPB Sea Horse near Tongkil Island, Sulu...
The Philippine Economic Zone Authority (PEZA) is looking to leverage the Regional Comprehensive Economic Partnership (RCEP) and the country’s strong bilateral ties with Australia and New Zealand to attract investments in key sectors. In a statement, PEZA said it recently mounted a trade mission...
Mamamayang Liberal (Ml) Party-list Rep. Leila de Lima has castigated China 's "entitled bully" posture , which has once again placed it at odds with the country’s position in the West Philippine Sea (WPS) amid talks of a joint energy exploration deal. This, as De Lima and her fellow members...
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 Philippine Stock Exchange index (PSEi) dropped on Tuesday, May 26, as investors took profits ahead of the Eid al-Adha holiday on concern over the Middle East situation after the United States (US) launched strikes against Iran. The main index lost 46.14 points, or 0.77 percent, to close at...
The Philippine Marine Corps (PMC) personnel deployed at the Senate have been cleared of any direct involvement during the May 13 shooting incident inside the building and will remain in their posts, a military spokesperson confirmed Tuesday, May 26. Capt. Marissa Martinez, spokesperson for the...
The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
The Armed Forces of the Philippines (AFP) on Tuesday, May 26, signaled a broader push to strengthen the country’s coastal defense capability as President Ferdinand Marcos Jr. left for a four-day state visit to Japan that is expected to deepen Manila and Tokyo’s security ties. AFP spokesperson...
The Philippine Competition Commission (PCC) is urging traders to make market decisions independently to ensure fair competition in the imported rice sector following the imposition of a nationwide ₱50-per-kilo price ceiling. In a statement on Tuesday, May 26, the country’s antitrust watchdog...
