The Philippines welcomed the peace agreement reached between the United States and Iran, expressing hope that the deal would pave the way for a permanent end to hostilities and contribute to long-term regional stability. In a statement issued on Wednesday, June 17, the Department of Foreign Affairs...
President Marcos and German President Frank-Walter Steinmeier both agreed that the new agreement between the United States and Iran, which include the reopening of the Strait of Hormuz, is a good step towards peace. Both leaders shared the same position over the key development in the Middle East...
Global debt watcher Fitch Ratings has lowered its outlook on the Philippine banking system to “deteriorating,” warning that exposure to the ongoing United States (US)-Iran war could dampen lending activity, raise credit costs, and squeeze profitability. Fitch wrote in a June 8 commentary that...
The country’s gross gaming revenues fell 15.9 percent in the first quarter of the year, driven by the sharp contraction in electronic gaming as inflationary spillovers from conflicts in the Middle East eroded local consumer discretionary spending. Philippine Amusement and Gaming Corp. (Pagcor)...
LAPU-LAPU CITY, Cebu — “Peace—now.” This was the straightforward message of the Association of Southeast Asian Nations (ASEAN) leaders to parties involved in the escalating Middle East conflict, according to President Marcos. Speaking during a press conference on the sidelines of the 48th...
The story of Fr. Rhoel D. Gallardo, CMF made national headlines in the early 2000s. His kidnapping and eventual martyrdom shook the country and brought attention to the conflict in Mindanao. For many Filipinos, it was a moment that made the situation in the region more real, seen through the life...
LAPU-LAPU CITY, Cebu — Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro on Thursday, May 7 called on ASEAN member-states to remain agile and united in responding to global crises, saying the ongoing conflict in the Middle East has exposed the region’s vulnerabilities in...
A group of local shipping companies and operators has expressed gratitude to the Maritime Industry Authority (Marina) for what it described as the agency’s quick response to assist their sector at the height the oil supply and price woes due to the Middle East conflict. In a letter sent to...
LAPU-LAPU CITY, Cebu — The Association of Southeast Asian Nations (ASEAN) sees no major obstacle to issuing a joint statement on the ongoing Middle East crisis despite the involvement of key global powers, including the United States, a Summit spokesperson said. In a press briefing here,...
LAPU-LAPU CITY, Cebu — The Philippines will push for the endorsement of three key outcome documents during the 48th ASEAN Summit as President Marcos chairs the regional gathering in Cebu this week. In a press briefing here on Wednesday, May 6, ASEAN Spokesperson Dominic Xavier Imperial said the...
A group identifying itself as “Concerned Health Workers” has filed a complaint before the Office of the Ombudsman (OMB) against Department of Health (DOH) Undersecretary Glen Matthew Baggao, accusing him of conflict of interest and procurement-related violations involving government-funded...
Malacañang said the Philippine peso breaching another record low value against US dollar was due to "unusually strong" dollar and the ongoing Middle East crisis. In a Palace briefing on Thursday, April 30, Palace Press Officer and Communications Undersecretary said that the weakening of the peso...
