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 typhoon Noru, which left heavy …
Philippines
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US and World News
Philippines central bank to go for another 50 bps rate hike on Thursday
by Reutersby ReutersBy Shaloo Shrivastava BENGALURU (Reuters) – The Philippine central bank will likely opt for a half-point interest rate rise on Thursday to support a weakening currency and blunt its effect …
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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 support an ambitious policy agenda …
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Financial News
Philippines central bank to hike by 50 bps on Thursday, catching up with peers: Reuters poll
by Reutersby ReutersBy Devayani Sathyan (Reuters) – The Philippine central bank will follow its surprise July rate hike with a half-point point rise on Thursday and another quarter-point increase in September to …
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Top HeadlinesUS and World News
Philippines in talks to buy U.S. helicopters after dropping Russia deal
by Reutersby ReutersMANILA – 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 ($227.35 million) in order to …
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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 on Tuesday, ahead of the …
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Top HeadlinesUS and World News
Blinken commits U.S. to defending Philippines against armed attacks
by Reutersby ReutersBy David Brunnstrom and Karen Lema MANILA -Secretary of State Antony Blinken assured the Philippines on Saturday that the United States would come to its defence if attacked in the …
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Top HeadlinesUS and World News
Philippines Marcos wants to renegotiate loans on $4.9 billion China-backed rail projects
by Reutersby ReutersMANILA – Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth $4.90 billion, an official said …
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Financial News
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
by Reutersby ReutersMANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an expansion in economic activity early …
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Financial News
Philippines central bank gov says may raise rates by 100 bps more this year
by Reutersby ReutersMANILA – The Philippine central bank may raise interest rates by 100 basis points more this year, its governor said on Wednesday, after annual inflation soared to a near four-year …
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Top HeadlinesUS and World News
Philippines President Marcos says food sufficiency urgent issue
by Reutersby ReutersMANILA – Philippines President Ferdinand Marcos said on Thursday ensuring food sufficiency for a country battling soaring inflation will be among his top priorities as he began his six-year term. …
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Department of Justice Press Releases
Former Montgomery County Teacher Pleads Guilty to Multiple Child Exploitation Offenses After Traveling to the Philippines to Have Sex with Children
by DOJ Pressby DOJ PressPHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Craig Alex Levin, 66, of King of Prussia, PA, pleaded guilty to six counts of child exploitation offenses before United …
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Financial News
Philippines’ central bank policy not tied to Fed decisions, says governor
by Reutersby ReutersMANILA – The Philippine central bank’s monetary policy actions are not tied to the decisions of the United States’ Federal Reserve, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said on …
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Financial News
Philippines April trade deficit narrows but still close to $5 billion
by Reutersby ReutersMANILA – 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 a double-digit growth, the statistics …
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MANILA – The Philippines said on Tuesday it has extended until the end of 2022 an executive order that lowers the tariff rate for rice imported from outside Southeast Asia …
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Department of Justice Press Releases
Former Federal Agent Found Guilty of Enticing a Minor and Engaging in Sex Tourism in the Philippines
by DOJ Pressby DOJ PressEast St. Louis, Ill. – A Cahokia, Illinois, man was found guilty as charged last week for Enticement of a Minor, Travel with Intent to Engage in Illicit Sexual …
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Top HeadlinesUS and World News
Philippines’ Marcos set for supermajority as ‘Uniteam’ dominates Congress
by Reutersby ReutersBy Neil Jerome Morales MANILA – Philippines president-elect Ferdinand Marcos Jr is all but certain to command a supermajority in Congress, a proclamation of winners showed on Wednesday, boosting chances …
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Financial News
Election win for Philippines’ Marcos shores up family-affiliated stocks
by Reutersby ReutersBy Neil Jerome Morales MANILA – Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were expectations they …
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Top HeadlinesUS and World News
After Philippines election triumph, Marcos visits dictator father’s grave
by Reutersby ReutersBy Enrico Dela Cruz MANILA – Ferdinand Marcos Jr. went to the grave of his father, the disgraced Philippines dictator, the day after winning the presidential election, a visit that …
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Top HeadlinesUS and World News
Explainer-What’s at stake in the Philippines election?
by Reutersby ReutersBy Martin Petty (Reuters) – The Philippines holds an election on Monday for a new president, pitting incumbent Vice President Leni Robredo against Ferdinand Marcos Jr, the son of a …
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Department of Justice Press Releases
Vallejo Man Pleads Guilty to Flying to the Philippines with the Intention of Engaging in Sexual Conduct with a Child
by DOJ Pressby DOJ PressSACRAMENTO, Calif. — Balbino Sablad, 80, of Vallejo, pleaded guilty today to traveling with the intent to engage in illicit sexual conduct, U.S. Attorney Phillip A. Talbert announced. According to …
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Department of Justice Press Releases
10 Charged for Illegally Trafficking Corals from the Philippines
by DOJ Pressby DOJ PressANCHORAGE – A federal grand jury in Alaska indicted three men on felony charges and seven additional individuals on misdemeanor charges related to violations of the Lacey Act and smuggling …
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Financial News
Philippines has potential for 21GW wind power by 2040 -World Bank
by Reutersby ReutersMANILA – The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity supply by then, according to …
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US and World News
Philippines on alert as volcano near capital spews more plumes
by Reutersby ReutersMANILA – A small but restive volcano near the Philippine capital Manila ejected two more plumes on Sunday, indicating continued eruption and prompting authorities to urge residents to stay out …
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US and World News
Philippines evacuates residents as small volcano spews mile-high plume
by Reutersby ReutersMANILA – A small but restive volcano south of the Philippine capital spewed a 1.5 km plume on Saturday, prompting authorities to raise an alert level and evacuate more than …