The pace of economic recovery in the Philippines would be the slowest in Asia amid a lackluster fiscal response to the pandemic, with the threat of long-term scarring effects now more visible than …
Philippines Considering Addendum to U.S. Visiting Forces Agreement
The U.S. and the Philippines are set to reinforce a contentious agreement allowing U.S. troops to operate from the island nation as tensions with China remain high, Philippine Defense Secretary Delfin …
Moody’s trims Philippines GDP growth to 5.8%
Moody’s Investors Service is now looking at a slower rebound for the Philippines from the recession, lowering the country’s 2021 gross domestic product growth forecast to 5.8 percent from the original …
Philippines’ top court rules ICC has jurisdiction
The Philippines’ top judges have ruled the International Criminal Court can prosecute “government actors” for alleged crimes committed before the country withdrew from the tribunal — contradicting …
Call Center Outsourcing Philippines: The 70% Savings Trap
If a US$6-8 per hour rate for call center outsourcing work in the Philippines sounds too good to be true, well, that”s because it simply is. It”s an attractive figure, for sure, but a promise of 70% …
China’s illegal businesses along Myanmar-Thai border prosper following coup
Chinese-funded Yatai International Holding Group (IHG) accused of running illegal casinos in Cambodia and the Philippines, has been recruiting a manager for a five-star hotel, human resources manager, …
Philippines Finance Secretary Sees Room to Cut Reserve Ratio
The Philippines has room to cut banks’ reserve requirement ratio as the economy recovers from the effects of the pandemic, Finance Secretary Carlos Dominguez said Wednesday. “There’s certainly room in …
Philippine drug war dead exhumed as grave leases expire
Rodzon Enriquez’s skeletal remains are pulled out of a coffin-sized tomb in Manila and placed in a body bag. Five years after the 21-year-old was killed in the Philippines’ drug war, the lease on his …
BSP gives Philippines a fourth digital bank player: UnionBank
Aboitiz-led Union Bank of the Philippines received a green light from the Bangko Sentral ng Pilipinas to establish its own digital bank, joining other players in the emerging industry.
Journalist Maria Ressa: ‘We’re Losing the Battle for Our Rights’ in Philippines
Under pressure but remaining defiant, award-winning journalist Maria Ressa has had a turbulent few years. Since 2018, the co-founder of the Philippines’ media site Rappler has faced a slew of charges …