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Philippines

Philippines places buoys in parts of S.China Sea to assert sovereignty

May 14, 2023
Philippines places buoys in parts of s. China sea to assert sovereignty - photo licensed by shore news network.

MANILA (Reuters) – The Philippines has placed navigational buoys within its exclusive economic zone (EEZ) to assert sovereignty over the disputed Spratly islands in the …

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Philippines’ Marcos may discuss Taiwan in U.S but trade tops agenda – envoy

April 25, 2023
Philippines' marcos may discuss taiwan in u. S but trade tops agenda - envoy - photo licensed by shore news network.

By Poppy McPherson and Karen Lema (Reuters) – Philippine President Ferdinand Marcos Jr may discuss tensions over Taiwan with U.S counterpart Joe Biden at the …

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Philippines sticks to its 5-year GDP growth targets on economic momentum

April 24, 2023
Philippines sticks to its 5-year gdp growth targets on economic momentum - photo licensed by shore news network.

By Neil Jerome Morales MANILA (Reuters) – The Philippines on Monday maintained its economic growth targets over the next five years, citing momentum from increased …

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Philippines, U.S. begin joint troop exercises amid regional tensions

April 11, 2023
Philippines, u. S. Begin joint troop exercises amid regional tensions - photo licensed by shore news network.

MANILA (Reuters) – More than 17,000 Philippine and U.S. soldiers began their largest ever joint military drills on Tuesday, as ties between the long-term allies …

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Philippines reveals locations of 4 new strategic sites for U.S. military pact

April 3, 2023
Philippines reveals locations of 4 new strategic sites for u. S. Military pact - photo licensed by shore news network.

By Karen Lema MANILA (Reuters) – The Philippines identified on Monday four more of its military bases that the United States will get access to, …

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Explainer-Can ICC’s Philippines drugs war probe make progress if Manila cuts contact?

March 30, 2023
Explainer-can icc's philippines drugs war probe make progress if manila cuts contact? - photo licensed by shore news network.

By Karen Lema and Neil Jerome Morales MANILA (Reuters) – Philippines President Ferdinand Marcos Jr said this week he would cut off contact with the …

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Marcos says new military bases with US to be ‘scattered’ around the Philippines

March 22, 2023
Marcos says new military bases with us to be 'scattered' around the philippines - photo licensed by shore news network.

By Neil Jerome Morales MANILA (Reuters) – President Ferdinand Marcos Jr said on Wednesday that four new military bases under a defense agreement with the …

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US, Philippines to announce new sites for U.S. military as soon as possible – U.S. official

March 20, 2023
Us, philippines to announce new sites for u. S. Military as soon as possible - u. S. Official - photo licensed by shore news network.

By Karen Lema and Poppy McPherson BASA AIR BASE, Philippines (Reuters) – The United States and Philippines will announce new sites as soon as possible …

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Philippines posts biggest trade deficit in 5 months

March 13, 2023

MANILA (Reuters) – The Philippines posted its widest trade deficit in five months for January as exports fell sharply, pointing to a worsening trade balance …

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Philippines, US kick off joint drills amid China concerns

March 13, 2023
Philippines, us kick off joint drills amid china concerns - photo licensed by shore news network.

By Adrian Portugal FORT MAGSAYSAY, Philippines (Reuters) – The Philippines and United States launched army-to-army exercises on Monday, with a focus on enhancing the Southeast …

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Philippines greenlights more than 100 infrastructure projects

March 9, 2023
Philippines greenlights more than 100 infrastructure projects - photo licensed by shore news network.

MANILA (Reuters) – President Ferdinand Marcos Jr’s administration has approved 123 new projects that will form part of a pipeline of infrastructure worth 9 trillion …

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Philippines central bank gov sees 50 bps rate hike if inflation tops 9%

March 3, 2023
Philippines central bank gov sees 50 bps rate hike if inflation tops 9% - photo licensed by shore news network.

MANILA (Reuters) – Philippine central bank governor Felipe Medalla said on Friday that in the “worst-case scenario” of inflation rising above 9%, interest rates might …

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Philippines growth to hit at least 6% this year

February 26, 2023
Philippines growth to hit at least 6% this year - photo licensed by shore news network.

MANILA (Reuters) – Economic growth in the Philippines will reach at least 6% this year, the central bank governor said on Monday, consistent with the …

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Marcos seeks unity as Philippines marks ‘people power’ anniversary

February 25, 2023
Marcos seeks unity as philippines marks 'people power' anniversary - photo licensed by shore news network.

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. called for reconciliation and unity on Saturday as the Southeast Asian nation marked the 37th anniversary of …

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Philippines central bank chief expects one more rate hike this year, possibly in March

February 24, 2023
Philippines central bank chief expects one more rate hike this year, possibly in march - photo licensed by shore news network.

MANILA (Reuters) – The Philippine central bank will likely raise interest rates one more time this year and that could happen at its next monetary …

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Philippines’ Marcos open to a troop pact with Japan

February 12, 2023
Philippines' marcos open to a troop pact with japan - photo licensed by shore news network.

MANILA (Reuters) – President Ferdinand Marcos Jr said on Sunday he saw no reason why the Philippines should not have a Visiting Forces Agreement (VFA) …

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Philippines central bank to focus on inflation at next policy meeting -governor

February 3, 2023
Philippines central bank to focus on inflation at next policy meeting -governor - photo licensed by shore news network.

MANILA (Reuters) – The Philippine central bank will focus on inflation rather than the Federal Reserve’s recent policy action when it meets on Feb. 16 …

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Musk’s Starlink internet service to be offered in the Philippines in Q1

February 3, 2023
Musk's starlink internet service to be offered in the philippines in q1 - photo licensed by shore news network.

MANILA (Reuters) – Starlink, the satellite internet unit of Elon Musk’s SpaceX, is on track to enter the Philippine market this year, with its broadband …

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World Bank approves $600 million loan to support Philippines’ recovery, financial sector

January 31, 2023
World bank approves $600 million loan to support philippines' recovery, financial sector - photo licensed by shore news network.

MANILA (Reuters) – The World Bank said on Tuesday it has approved a $600 million loan to support the Philippines’ economic recovery and efforts to …

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Philippines to offer value-added tax refund to foreign tourists by 2024

January 29, 2023
Philippines to offer value-added tax refund to foreign tourists by 2024 - photo licensed by shore news network.

MANILA (Reuters) – Philippines President Ferdinand Marcos has approved a value-added tax refund programme for foreign tourists by 2024 to attract more visitors, the Presidential …

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Philippines posts $4.6 billion trade deficit in December

January 25, 2023
Philippines posts $4. 6 billion trade deficit in december - photo licensed by shore news network.

MANILA (Reuters) – The Philippines posted a trade deficit of $4.6 billion for December, the biggest trade gap in three months, government data showed on …

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Philippines central bank hopes to cut rates in 2024, flags RRR reduction

January 12, 2023
Philippines central bank hopes to cut rates in 2024, flags rrr reduction - photo licensed by shore news network.

By Neil Jerome Morales MANILA (Reuters) – The Philippines’ central bank governor said on Thursday he hoped benchmark interest rates could be cut in 2024, …

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China, Philippines agree to handle disputes peacefully, boost cooperation

January 5, 2023
China, philippines agree to handle disputes peacefully, boost cooperation - photo licensed by shore news network.

By Yew Lun Tian and Neil Jerome Morales BEIJING/MANILA (Reuters) -China and the Philippines have agreed to set up a direct communications channel between their …

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Philippines orders strengthened military presence after ‘Chinese activities’ near islands

December 22, 2022
Philippines orders strengthened military presence after 'chinese activities' near islands - photo licensed by shore news network.

MANILA (Reuters) – The Philippines’ defence ministry on Thursday ordered the military to strengthen its presence in the South China Sea after monitoring “Chinese activities” …

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Former Federal Agent Sentenced to 126 Months for Enticing a Minor and Engaging in Sex Tourism in the Philippines

December 20, 2022
Former federal agent sentenced to 126 months for enticing a minor and engaging in sex tourism in the philippines - photo licensed by shore news network.

East St. Louis, Ill. – A Cahokia, Illinois man was sentenced to 126 months by the Honorable Judge Stephen P. McGlynn for Enticement of a …

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Philippines extends tariff cuts on imported rice, other food items to fight inflation

December 18, 2022December 18, 2022
Philippines extends tariff cuts on imported rice, other food items to fight inflation - photo licensed by shore news network.

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr has approved the recommendation of the economic ministry to extend up to the end of next year …

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Philippines’ Marcos cheers ‘Christmas gift’ of $95 billion state budget

December 16, 2022
Philippines' marcos cheers 'christmas gift' of $95 billion state budget - photo licensed by shore news network.

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr on Friday signed into law the 2023 budget bill which authorises a record 5.27 trillion pesos ($94.78 …

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Philippines central bank chief flags more rate hikes to tame inflation – Bloomberg TV

December 15, 2022
Philippines central bank chief flags more rate hikes to tame inflation - bloomberg tv - photo licensed by shore news network.

MANILA (Reuters) – The Philippines central bank will likely have to continue raising rates at its next two meetings to ensure inflation returns to within …

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Philippines concerned over Chinese vessels ‘swarming’ in disputed waters – defence chief

December 14, 2022December 14, 2022
Philippines concerned over chinese vessels 'swarming' in disputed waters - defence chief - photo licensed by shore news network.

MANILA (Reuters) – The Philippines’ defence chief on Wednesday said the reported presence of dozens of Chinese vessels in disputed waters in the South China …

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Philippines revises 2022, 2023 c/a projections

December 9, 2022
Philippines revises 2022, 2023 c/a projections - photo licensed by shore news network.

MANILA (Reuters) – The Philippine central bank on Friday revised its current account projections for 2022 and 2023 to take into account the weaker global …

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Philippines on track to lose growth momentum in 2023 – World Bank

December 6, 2022December 5, 2022
Philippines on track to lose growth momentum in 2023 - world bank - photo licensed by shore news network.

MANILA (Reuters) – The Philippine economy is expected to lose momentum in 2023 with the pace of expansion set to slow to 5.7% as soaring …

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Philippines cbank chief: Likely 25 or 50 bps rate hike in Dec -Bloomberg TV

December 1, 2022
Philippines cbank chief: likely 25 or 50 bps rate hike in dec -bloomberg tv - photo licensed by shore news network.

MANILA (Reuters) – The Philippine central bank will hike interest rates this month, though the monetary board is likely to be split over whether to …

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Philippines central bank sees November inflation at 7.4-8.2%

November 29, 2022November 29, 2022
Philippines central bank sees november inflation at 7. 4-8. 2% - photo licensed by shore news network.

MANILA (Reuters) – The Philippines central bank expects November annual inflation to be in a range of 7.4% to 8.2%, reflecting upward price pressures from …

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Philippines to cut tariffs on electric vehicles, parts

November 24, 2022
Philippines to cut tariffs on electric vehicles, parts - photo licensed by shore news network.

MANILA (Reuters) – A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand …

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Harris says U.S. stands with Philippines against coercion in South China Sea

November 22, 2022
Harris says u. S. Stands with philippines against coercion in south china sea - photo licensed by shore news network.

PUERTO PRINCESA, Philippines (Reuters) – U.S. Vice President Kamala Harris said on Tuesday that her trip to the Philippine island of Palawan in the contested …

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Harris says U.S. and Philippines ties long and enduring

November 21, 2022November 21, 2022
Harris says u. S. And philippines ties long and enduring - photo licensed by shore news network.

MANILA (Reuters) – U.S. Vice President Kamala Harris said on Monday after meeting Philippines President Ferdinand Marcos Jr that the relationship between the two countries …

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Explainer-Why U.S. seeks closer security cooperation with the Philippines

November 20, 2022
Explainer-why u. S. Seeks closer security cooperation with the philippines - photo licensed by shore news network.

By David Brunnstrom and Karen Lema WASHINGTON/MANILA (Reuters) – U.S. Vice President Kamala Harris visits the Philippines this week in the Biden administration’s latest high-level …

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Philippines Man Sentenced to 20 Years in Federal Prison for Fatally Stabbing Fellow Crewmember on Board a Container Ship at Sea

November 7, 2022
Philippines man sentenced to 20 years in federal prison for fatally stabbing fellow crewmember on board a container ship at sea - photo licensed by shore news network.

          LOS ANGELES – A Filipino man who fatally stabbed a fellow crewmember on a container ship en route from Shanghai to Los Angeles was …

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Philippines cbank ready to take policy actions to battle inflation

November 4, 2022November 4, 2022
Philippines cbank ready to take policy actions to battle inflation - photo licensed by shore news network.

MANILA (Reuters) – The Philippines’ central bank said on Friday it is prepared to take all further monetary policy actions necessary to bring inflation back …

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Storm Nalgae death toll climbs to 48 in Philippines, 22 missing

October 29, 2022October 29, 2022
Storm nalgae death toll climbs to 48 in philippines, 22 missing - photo licensed by shore news network.

MANILA (Reuters) – The death toll from flooding and rain-induced landslides in the Philippines has climbed to 48, the country’s disaster agency said on Sunday, …

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Climate inaction risks damaging Philippines growth – World Bank

October 25, 2022October 25, 2022
Climate inaction risks damaging philippines growth - world bank - photo licensed by shore news network.

MANILA (Reuters) – Extreme weather events and rising temperatures could see 13.6% of the Philippines’ economic output lost by 2040, inflicting a heavy toll on …

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Former Department of State Employee Pleads Guilty to Engaging in Illicit Sexual Conduct with Minors in the Philippines

October 24, 2022
Former department of state employee pleads guilty to engaging in illicit sexual conduct with minors in the philippines - photo licensed by shore news network.

ALEXANDRIA, Va. – A former Department of State employee pleaded guilty today to two counts of engaging in illicit sexual conduct in a foreign place. …

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Philippines central bank’s policy settings remain accommodative, says governor

October 12, 2022
Philippines central bank's policy settings remain accommodative, says governor - photo licensed by shore news network.

MANILA (Reuters) – The Philippines central bank’s monetary policy settings remain accommodative, its governor said on Wednesday. Bangko Sentral ng Pilipinas Governor Felipe Medalla also …

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Philippines’ Nobel laureate Ressa to fight conviction at Supreme Court

October 11, 2022
Philippines' nobel laureate ressa to fight conviction at supreme court - photo licensed by shore news network.

MANILA (Reuters) – Philippine Nobel laureate Maria Ressa plans to appeal her cyber libel conviction at the country’s Supreme Court, her lawyer said on Tuesday, …

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Philippines’ 4-year high inflation boosts chances of more rate hikes

October 4, 2022
Philippines' 4-year high inflation boosts chances of more rate hikes - photo licensed by shore news network.

By Neil Jerome Morales MANILA (Reuters) – Philippine annual inflation quickened to 6.9% in September, hitting its fastest pace in four years, firming up expectations …

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Philippines cbank: ready to act to bring inflation within target

October 4, 2022October 4, 2022
Philippines cbank: ready to act to bring inflation within target - photo licensed by shore news network.

MANILA (Reuters) – The Philippine central bank is prepared to take further policy actions to bring inflation toward a target-consistent path over the medium term, …

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Philippines statistics agency: inflation could rise further in Oct

October 4, 2022October 4, 2022
Philippines statistics agency: inflation could rise further in oct - photo licensed by shore news network.

MANILA (Reuters) – Philippine inflation could rise further in October, with food prices likely to remain the main source of pressure, the statistics authority said …

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Philippines and U.S. kick off naval exercises amid China tension

October 3, 2022October 3, 2022
Philippines and u. S. Kick off naval exercises amid china tension - photo licensed by shore news network.

MANILA (Reuters) – The armed forces of the United States and Philippines launched two weeks of joint naval exercises on Monday, reinforcing a close military …

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Philippines’ Globe sells telecoms towers for $340 million

September 26, 2022
Philippines' globe sells telecoms towers for $340 million - photo licensed by shore news network.

MANILA (Reuters) – Philippines’ Globe Telecom Inc said on Tuesday it has signed a deal to sell more than a thousand telecoms towers for 20 …

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Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers

September 26, 2022September 26, 2022
Philippines to shut 175 offshore gambling firms, deport 40,000 chinese workers - photo licensed by shore news network.

MANILA (Reuters) – The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on …

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