The Philippines has defended its decision to acquire a U.S. intermediate-range missile system if it feels the need to do so, after the Chinese government accused it of provoking a regional “arms race” by considering the powerful weapons system.
‘Philippines one of fastest-growing economies in Asia’
The Marcos administration has made 2024 a banner year for economic achievements and has once again successfully positioned the Philippines as among the fastest-growing economies in Asia despite global …
Free Trade Agreement between Philippines and South Korea to take effect from Tuesday (Dec 31)
South Korea’s Minister of of Trade, Industry and Energy Cheong In-kyo has announced said that the RoK-Philippines free trade agreement (FTA), set to take effect on Tuesday, will help the country …
Can the Philippines overcome its cyber defence shortcomings?
Official say cyberattacks are a major security threats, but observers are sceptical the country can modernise its defences fast enough Amid the Philippines’ ongoing plans to modernise its military to …
The A-10 Warthog Made a Rare Appearance in the Philippines
Pacific. Too close to China for comfort, the Philippines looks to the United States to ensure its sovereignty in the region.
Philippines’ outstanding external debt hits record high
The Philippines’ outstanding external debt stood at US$139.64 billion as of the end of September, up 17.5% against the same period last year, its central bank Bangko Sentral ng Pilipinas (BSP) has …
Philippines’ Department of Agriculture mulls ‘food security emergency’ to stabilise rice prices
The Philippines’ Department of Agriculture (DA) is considering declaring a “food security emergency” early next year as it scrambles to rein in the prices of rice, a key staple and a major driver of …
How China-Philippines clashes over Scarborough Shoal could be an early test for Donald Trump
China’s efforts to put more pressure on the Philippines over a disputed atoll in the South China Sea could prove an early test for Donald Trump when he returns to the White House next month. Beijing took control of Scarborough Shoal – which is known as Huangyan Island in China and Panatag Shoal in the Philippines – in 2012,
PH, Pakistan see million-ton rice deal by June 2025
Manila and Islamabad are confident that they could seal a deal by June 2025 if not earlier, through which Pakistan will ship to the Philippines at least 1 million metric tons (MT) of milled rice to …
Landbank reaffirms financial stability
Government-owned Land Bank of the Philippines (Landbank) reaffirmed its financial strength and stability, emphasizing that its capital adequacy ratio (CAR) remains at a healthy level of 16.42 percent.