Enhanced energy security and streamlined investment in the power sector will be the centerpiece of a new threshold program being developed by the United States (US) aid arm Millennium Challenge Corp. (MCC) and the Philippines, as the country grapples with surging oil prices and supply disruptions...
The ceasefire-driven rally of Asian currencies, including the Philippine peso, may be short-lived as global oil risks linger, according to Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC). In an April 9 report, OCBC Group Research foreign exchange (FX) strategists Sim Moh Siong and...
Members of Bagong Alyansang Makabayan (BAYAN) staged a protest march along Kalaw Avenue in Manila on Araw ng Kagitingan, April 9, but were blocked by lines of Manila Police District officers before they could reach the US Embassy. Hundreds of MPD personnel were deployed along Kalaw Avenue, with...
The Department of Foreign Affairs (DFA) on Wednesday, April 8, said the Philippine government has expressed “cautious optimism” over the planned peace talks between the United States and Iran, which will be facilitated by Pakistan. In a statement, the DFA said it is hopeful that the...
While President Marcos believes the two-week ceasefire deal between the United States and Iran may not be enough to lower the prices of oil, the country will maximize it to increase its supply. "So, we will take full advantage of the two weeks to increase our supply as much as possible and to...
Executive Secretary Ralph Recto expressed hopes that the oil diplomacy the Philippines is pursuing amid the Iran-US conflict would not only replenish the country 's stocks, but build it up. Recto stated this during a meeting with business groups and executives of petroleum companies on...
TEHRAN, Iran (AP) — U.S. President Donald Trump pulled back on his threats to launch devastating strikes on Iran late Tuesday, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate or else a “whole civilization will die.” Trump said he...
The Armed Forces of the Philippines (AFP) and the United States military launched expanded joint military exercises with ground and air drills unfolding simultaneously in Luzon in a major step in strengthening alliance readiness amid worsening tensions in the Middle East and, as an effect, the...
If the war in the Middle East prolongs and global oil prices continue to skyrocket, the Philippine peso could breach the ₱61:$1 level in the second quarter of 2026 and even hit as low as ₱62 to ₱64 against the United States (US) dollar. “Our base case forecasts for the US dollar-Philippine...
NEW YORK (AP) — Blake Lively’s sexual harassment claims against Justin Baldoni over the movie “It Ends With Us” were dismissed Thursday by a federal judge who left intact three claims, including retaliation, that will let a jury hear many of the allegations anyway. The written ruling by...
WASHINGTON (AP) — President Donald Trump sought on Wednesday to explain his rationale for the war against Iran at a pivotal moment at home and abroad, but he offered few new details as he amasses extraordinary executive authority to prosecute the military operation. The war is fast becoming a...
Applicants from more US visa category groups are now required to set their social media accounts public, based on the latest advisory of the US Embassy in Manila. Effective March 30, visa applicants who need to change their social media privacy setting belong to the following categories: Fiancé(e)...
