The current flood control corruption scandal gripping the nation will pull down other countries’ level of interest in investing in the Philippines, Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez. This admission came during a media interview about the trade relationship...
A Social Weather Stations (SWS) survey conducted from June 25 to 29 revealed that Filipinos continue to give “very high” trust in the United States (US), while trust in Palestine, China, and Iran remains “poor.” The survey results released on Tuesday, Sept. 9 showed that 72 percent of...
Singapore-based United Overseas Bank (UOB) expects lower interest rates to lift Philippine economic growth in the near term, despite lingering global challenges that would likely expand the domestic economy below the government’s goal for the year. In its Quarterly Global Outlook report for the...
Amid allegations of massive corruption in the country’s infrastructure development projects, a visiting official from the United States underscored the need to ensure that its foreign aid to the Philippines will be spent with integrity. Principal Deputy Assistant Secretary of State for East Asian...
Pointing out how “some neighbors” have been “stealing” the Philippines’ marine resources, a United States official said that the Trump administration is expected to tap Filipino fishermen as the “first line” in monitoring illegal fishing in the contested South China Sea. Principal...
An official from the United States Department of State assured the Philippines that more aid will be coming to the country despite the realignment of official foreign assistance by the second Trump administration. In a media roundtable at the US Embassy in Manila on Thursday, Sept. 4, Principal...
Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
The Philippine Army (PA) is bolstering its external defense posture through expanded cooperation with the United States Army on joint operations and maritime security. Army Chief Lt. Gen. Antonio G. Nafarrete received US Army I Corps Commanding General Lt. Gen. Matthew McFarlane and 6th Battalion,...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has expressed concern over growing divisions among United States (US) officials on the monetary policy direction of the world’s largest economy. On the sidelines of the Manila Tech Summit on Tuesday, Aug. 26, Remolona told reporters...
The Philippines’ rice output, which soared to a record high in the first half, may not be enough to meet the anticipated demand during the 60-day import ban set to begin next week, according to the United States Department of Agriculture (USDA). In a report, the USDA said the country imported...
The documents seeking the extradition of embattled Kingdom of Jesus Christ (KOJC) teleevangelist Apollo Quiboloy, who is wanted there for trafficking charges, among others, are already with the Department of Justice (DOJ), Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez said on...
Asian exports, including those from the Philippines, are seen remaining resilient in the second half of the year, contrary to earlier expectations that regional shipments would slump once front-loading ahead of United States (US) tariffs wane, according to the think tank Capital Economics....
