The Armed Forces of the Philippines (AFP) clarified on Friday, April 10, that the proposed establishment of fuel storage facilities in Mindanao will remain under Philippine ownership and control. AFP spokesperson for the West Philippine Sea (WPS), Rear Adm. Roy Vincent Trinidad said the projects...
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...
A remote village in Davao del Norte will soon have an evacuation-ready multi-purpose building after the Armed Forces of the Philippines (AFP) and United States military broke ground on the project on Monday, April 6, as part of the “Exercise Balikatan.” The facility, which will rise in Barangay...
Rising input costs driven by the conflict in the Middle East may impact the United States’ (US) dominance in shipments of major agricultural products to the Philippines, according to the US Department of Agriculture (USDA). In a report, the USDA identified surging input costs, on the back of...
The Philippines is poised to increase its corn imports to nearly two million metric tons this marketing year as recovering livestock sector and expanding industrial demand outpace local harvests, according to the United States Department of Agriculture. In a report published last week, the USDA...
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...
The Philippines is projected to increase its consumption of wheat-based products in the current marketing year (MY) to nearly seven million metric tons (MT), although rising input costs may temper growth, according to the United States Department of Agriculture (USDA). In a report, the USDA...
The United States (US) has once again flagged corruption as a major barrier to trade and investment with the Philippines, as recent efforts to clean up regulatory and judicial processes have failed to yield positive results. In this year’s National Trade Estimate (NTE) report, the Office of the...
The United States (US) is targeting the expansion of its key agricultural exports to the Philippines as it launches a trade mission in Manila next month to unlock new agricultural opportunities. In a statement, the US Department of Agriculture (USDA) said it will lead an agribusiness trade mission...
The Philippines’ rice imports may increase to over five million metric tons (MT) in the upcoming marketing year (MY) 2026-2027 to plug the shortfall in domestic production, according to the United States Department of Agriculture (USDA). In a report, the USDA estimated that the country’s rice...
The United States has asked the Philippines, one of its closest allies hardly hit by its ongoing conflict with Iran, regarding its current energy needs, as the country battles a national energy emergency, Department of Foreign Affairs (DFA) Secretary Ma. Theresa Lazaro has bared. Lazaro said "the...
The Armed Forces of the Philippines (AFP) has dismissed concerns that the United States might withdraw its military hardware from the country to support the ongoing conflict in the Middle East. Rear Adm. Roy Vincent Trinidad, AFP spokesperson for the West Philippine Sea (WPS), made the...
