Swathes of land swamped in Philippines after typhoon
By Adrian Portugal and Neil Jerome Morales BULACAN, Philippines (Reuters) -Philippine President Ferdinand Marcos Jr conducted an aerial survey of damage on Monday brought by …
Philippines
Philippines central bank to go for another 50 bps rate hike on Thursday
By Shaloo Shrivastava BENGALURU (Reuters) – The Philippine central bank will likely opt for a half-point interest rate rise on Thursday to support a weakening …
Philippines’ Marcos seeks record $94 billion budget for 2023
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr asked Congress on Monday for a record 5.29 trillion pesos ($94.40 billion) government budget in 2023 to …
Philippines central bank to hike by 50 bps on Thursday, catching up with peers: Reuters poll
By Devayani Sathyan (Reuters) – The Philippine central bank will follow its surprise July rate hike with a half-point point rise on Thursday and another …
Philippines in talks to buy U.S. helicopters after dropping Russia deal
MANILA – The Philippines is looking to buy heavy-lift Chinook helicopters from the United States, after scrapping a deal with Russia worth 12.7 billion pesos …
Philippines trade deficit at $5.84 billion as imports surge
MANILA – The Philippines posted a $5.84 billion trade deficit in June, the widest gap based on data running from January 2020, government figures showed …
Blinken commits U.S. to defending Philippines against armed attacks
By David Brunnstrom and Karen Lema MANILA -Secretary of State Antony Blinken assured the Philippines on Saturday that the United States would come to its …
Philippines Marcos wants to renegotiate loans on $4.9 billion China-backed rail projects
MANILA – Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth …
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an …
Philippines central bank gov says may raise rates by 100 bps more this year
MANILA – The Philippine central bank may raise interest rates by 100 basis points more this year, its governor said on Wednesday, after annual inflation …
Philippines President Marcos says food sufficiency urgent issue
MANILA – Philippines President Ferdinand Marcos said on Thursday ensuring food sufficiency for a country battling soaring inflation will be among his top priorities as …
Former Montgomery County Teacher Pleads Guilty to Multiple Child Exploitation Offenses After Traveling to the Philippines to Have Sex with Children
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Craig Alex Levin, 66, of King of Prussia, PA, pleaded guilty to six counts of …
Philippines’ central bank policy not tied to Fed decisions, says governor
MANILA – The Philippine central bank’s monetary policy actions are not tied to the decisions of the United States’ Federal Reserve, Bangko Sentral ng Pilipinas …
Philippines April trade deficit narrows but still close to $5 billion
MANILA – The Philippines posted a $4.8 billion trade deficit in April, narrower than the previous month’s three-month high of $5 billion, as imports sustained …
Philippines steps up inflation fight with food tariff cuts
MANILA – The Philippines said on Tuesday it has extended until the end of 2022 an executive order that lowers the tariff rate for rice …
Former Federal Agent Found Guilty of Enticing a Minor and Engaging in Sex Tourism in the Philippines
East St. Louis, Ill. – A Cahokia, Illinois, man was found guilty as charged last week for Enticement of a Minor, Travel with Intent …
Philippines’ Marcos set for supermajority as ‘Uniteam’ dominates Congress
By Neil Jerome Morales MANILA – Philippines president-elect Ferdinand Marcos Jr is all but certain to command a supermajority in Congress, a proclamation of winners …
Election win for Philippines’ Marcos shores up family-affiliated stocks
By Neil Jerome Morales MANILA – Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what …
After Philippines election triumph, Marcos visits dictator father’s grave
By Enrico Dela Cruz MANILA – Ferdinand Marcos Jr. went to the grave of his father, the disgraced Philippines dictator, the day after winning the …
Explainer-What’s at stake in the Philippines election?
By Martin Petty (Reuters) – The Philippines holds an election on Monday for a new president, pitting incumbent Vice President Leni Robredo against Ferdinand Marcos …
Vallejo Man Pleads Guilty to Flying to the Philippines with the Intention of Engaging in Sexual Conduct with a Child
SACRAMENTO, Calif. — Balbino Sablad, 80, of Vallejo, pleaded guilty today to traveling with the intent to engage in illicit sexual conduct, U.S. Attorney Phillip …
10 Charged for Illegally Trafficking Corals from the Philippines
ANCHORAGE – A federal grand jury in Alaska indicted three men on felony charges and seven additional individuals on misdemeanor charges related to violations of …
Philippines has potential for 21GW wind power by 2040 -World Bank
MANILA – The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity …
Philippines on alert as volcano near capital spews more plumes
MANILA – A small but restive volcano near the Philippine capital Manila ejected two more plumes on Sunday, indicating continued eruption and prompting authorities to …
Philippines evacuates residents as small volcano spews mile-high plume
MANILA – A small but restive volcano south of the Philippine capital spewed a 1.5 km plume on Saturday, prompting authorities to raise an alert …
Philippines to allow full foreign ownership in telecoms, airlines, shipping
MANILA – Philippines President Rodrigo Duterte has approved an amendment to a law to allow full foreign ownership of firms in services like telecoms and …
Philippines central bank to start tightening in Q4, earlier hike possible – Reuters poll
By Shaloo Shrivastava and Devayani Sathyan BENGALURU – The Philippines central bank will leave policy on hold at Thursday’s meeting to support a nascent recovery, …
Philippines sees Ukraine conflict having ‘temporary’ impact on economy
MANILA – The impact of the Russia-Ukraine conflict on the Philippine economy is expected to be temporary, Economic Planning Secretary Karl Chua told a media …
South Florida Man Sentenced to 25 Years in Federal Prison for Exploiting Poor Children in the Philippines
Miami, Florida – A 28-year-old Pahokee, Florida man was sentenced yesterday in West Palm Beach federal court to 25 years in prison for enticing poor …
Russian lender TCS picks payments firm BPC for Philippines expansion
MOSCOW -TCS Group Holding, which runs Russia’s largest online bank, Tinkoff, will partner with payment solutions provider BPC in the Philippines as it pushes ahead …
‘Complete Carnage’: Super Typhoon Leaves Hundreds Dead In The Philippines
A powerful storm killed at least 375 people in the Philippines when it struck the country on Thursday, BBC News reported. The super typhoon, named …