In Asia-Pacific, Filipinos enjoy pension amounts that are closest to their pay before retiring, according to the Organization for Economic Cooperation and Development (OECD). In its Pensions at a Glance Asia/Pacific 2024 report published on Dec. 6, the OECD said that at 72 percent, the Philippines...
A Canadian trade mission composed of a "powerhouse delegation" is coming to the Philippines next week to promote business opportunities in Canada, the country's ambassador to Manila announced Wednesday, Nov. 27. Canadian Ambassador David Hartman said business representatives, entrepreneurs, and...
The Asia-Pacific Economic Cooperation (APEC) has intensified its push for its own free-trade agreement among its 21 member-economies to complement as well as fill in the gaps of existing FTAs in the region. The 2024 APEC Leaders' Machu Picchu Declaration in Lima, Peru, last Nov. 16 also committed...
More commuters traversing Quezon City up north and Parañaque City down south will enjoy shorter travel time, thanks to the first phase of the Light Rail Transit-Line 1 (LRT-1) Cavite extension, according to the Philippine office of the Japan International Cooperation Agency (JICA). In a...
As the Japan International Cooperation Agency (JICA) plans to raise 30 to 40 billion Japanese yen (up to about P15 billion) from its forthcoming gender bond issuance, its chief representative in the Philippines is on the lookout for local projects they can fund, especially in war-torn Mindanao. On...
The finance chiefs of the 21-member Asia-Pacific Economic Cooperation (APEC) have established a public-private Sustainable Finance Initiative (SFI) to foster inclusivity and resiliency in the region. In a statement, APEC said the SPI is "a flexible, voluntary and non-binding collaboration tool...
A French vessel is now in the Philippines as part of France's commitment to strengthen maritime cooperation with the country. French surveillance frigate Prairial on Tuesday, Oct. 22, docked at Cebu port for a port call that will last until Oct. 25. Photo courtesy of French Embassy in Manila It is...
A decade after the Cebu Action Plan was crafted in the Philippines, finance ministers of the Asia-Pacific Economic Cooperation (APEC) will come up with a new non-binding five-year roadmap attuned to the regional challenges of these times. "Despite the reduction of inflationary pressures and gradual...
The Philippines, the United States, and Japan held talks on cybersecurity as they expanded their trilateral ties to include addressing cyber threats. Officials from information and technology departments of the three governments attended the trilateral dialogue in Singapore, where they discussed...
Japanese tech firm Spectee Inc.'s artificial intelligence (AI)-powered crisis management information system is expected to enhance disaster response in the Philippines, according to the Japan International Cooperation Agency (JICA). In a statement, JICA Philippines said its senior representative...
The local economies of Bulacan and its neighboring provinces are expected to be bolstered by the expanded 24.6-kilometer (km) Plaridel Bypass Road, according to the Japanese government, which partly funded the project through an official development assistance (ODA) loan. The completed third phase...
Japan, together with the United States, is backing up the Philippines' cybersecurity enhancement, especially to protect critical information infrastructures (CIIs). Japan International Cooperation Agency (JICA) Philippines chief representative Takema Sakamoto committed "unwavering support" to the...
