The United States (US) is taking the lead in the development of the long-delayed Sangley Point International Airport (SPIA) through the funding of a new feasibility study, as part of its commitment to boost economic activity within the Luzon Economic Corridor (LEC). The US Trade and Development...
The United Nations Conference on Trade and Development (UNCTAD) is sounding the alarm over the growing use of non-tariff measures (NTMs) in global trade policies, warning that smaller developing economies face higher export costs that could hinder economic growth. In its monthly report on global...
The Armed Forces of the Philippines (AFP) on Sunday, May 10, welcomed moves by Japan to loosen restrictions on defense exports as Manila pushes ahead with military modernization amid continuing tensions in the West Philippine Sea (WPS). Philippine Navy (PN) reservist and retired rear admiral Roy...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. on Tuesday night, May 5, lambasted groups criticizing the recent deployment and firing of the United States Typhon missile system in Tacloban. Teodoro suggested that those viewing the military exercises as a mere “playground”...
The United States approved a possible $150 million sale of Bell 505 Jet Ranger X helicopters to the Philippines, a move seen to strengthen Manila’s pilot training capability and support its military modernization program. In a statement Tuesday, May 5, the US Department of State said it had...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
The United States military launched a Tomahawk cruise missile using its Typhon Mid-Range Capability (MRC) missile system from a civilian airport in Tacloban City on Tuesday midnight, May 5, with the precision strike traveling 530 kilometers across the eastern seaboard to hit a target in Nueva...
NEWARK, N.J. (AP) — A United Airlines passenger jet carrying 221 passengers from Venice, Italy, struck a light pole on the New Jersey Turnpike on Sunday afternoon as it was coming in for a landing at Newark Liberty International Airport, authorities said. The airline said none of the passengers...
The Armed Forces of the Philippines (AFP) and United States military will hold a counter-landing live fire exercise at the La Paz Sand Dunes in Laoag, Ilocos Norte on Monday, May 4, as part of this year’s Exercise Balikatan. The AFP said the exercise would simulate the defense of Northern Luzon...
The Philippines successfully avoided the United States’ (US) list of intellectual property violators for a 13th consecutive year, maintaining its status as a regional leader in enforcement despite a surge in counterfeit pharmaceuticals and bureaucratic delays in trademark litigation. In this...
The country’s raw sugar production in the upcoming marketing year (MY) is expected to decline by as much as 200,000 metric tons (MT) due to the looming impact of a prolonged dry spell brought by El Niño in the latter part of the year, according to the United States Department of Agriculture...
Filipino and American forces have successfully integrated advanced air defense systems to counter “drone warfare” during the 41st interation of Exercise Balikatan, just as reports revealed a massive new Chinese dredging project in the South China Sea (SCS). The four-day Integrated Air and...
