Asia United Bank Corp. (AUB) has approved a plan to increase its authorized capital stock nearly five-fold as the lender prepares to expand its digital services and deploy generative artificial intelligence (AI). In a disclosure to the Philippine Stock Exchange, AUB stated that its board of...
The Philippines is well-positioned to meet the surging international demand for ube (purple yam), but persistent gaps in domestic production are limiting its ability to capitalize on this export potential, according to the United States Department of Agriculture (USDA). In a market brief dated June...
Violence experienced at home and exclusion encountered in school could have lasting consequences on Filipino adolescents’ education, well-being, as well as future opportunities, according to studies presented by state-run think tank Philippine Institute for Development Studies (PIDS). The...
The Armed Forces of the Philippines (AFP) and United States Pacific Command (USPACOM) completed a two-day bilateral maritime exercise near Bajo de Masinloc (Scarborough or Panatag Shoal) in the West Philippine Sea (WPS) despite being shadowed by four Chinese vessels throughout the activity. The...
The Philippine Coast Guard (PCG) and the United States Coast Guard (USCG) have reaffirmed their commitment to deepen operational cooperation amid rising regional maritime security challenges. The commitment was underscored during the official visit of USCG Pacific Area Commander Vice Admiral Joseph...
Ombudsman Jesus Crispin “Boying” Remulla on Friday, June 26, vowed to recover “ill-gotten wealth” hidden in the United States, saying the country should no longer serve as a safe haven for assets unlawfully acquired from the Philippines. “We are here to make sure the US is no longer a...
President Marcos’ chief economic manager said the proposed $60-million Millennium Challenge Corp. (MCC) threshold program is expected to secure United States (US) congressional approval by August, with the grant supporting the country’s reform efforts and opening the door to larger funding from...
The United States Department of Agriculture (USDA) has adjusted upward its rice import forecast for the Philippines to 5.20 million metric tons (MT) in the upcoming marketing year (MY), as it expects the country to post lower rice output than initially projected. In its Grain and Feeds report dated...
The Philippines has called on the international community to reaffirm the United Nations Convention on the Law of the Sea (UNCLOS) as the legal framework governing the world 's oceans, as the country marks the 10th anniversary of the landmark 2016 South China Sea Arbitral Award. Speaking...
Filipino travelers holding valid visas or residence permits from several countries will soon be able to enter the United Arab Emirates (UAE) through a visa-on-arrival facility, the Department of Foreign Affairs (DFA) announced Wednesday, June 24. In a statement on Wednesday evening, the DFA said...
The Philippine Navy (PN) said Tuesday, June 23, that it has bolstered its maritime monitoring capabilities with the acquisition of four advanced autonomous underwater and surface vehicles (AUSVs) from the United States. The US government formally transferred four Ocean Aero Triton AUSVs to the...
“If not prevented, desertification of the world can one day make camels the best and sole cars of our civilization,” said Mehmet Murat Ildan, a modern Turkish playwright, novelist, and philosopher recognized for his insightful writings, plays, and novels. Every year on June 17, the...
