Articles
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5 days ago |
bloomberg.com | Andreo Calonzo |Ditas Lopez
Ferdinand Marcos Jr. during a campaign event in Manila on May 9. (Bloomberg) -- Philippine President Ferdinand Marcos Jr. touted economic gains under his government as he made a final pitch for his Senate candidates before the May 12 midterm vote. Marcos underscored how the Southeast Asian nation has posted one of the fastest economic expansions in the region, and how his government was able to tame price pressures.
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1 week ago |
bloomberg.com | Andreo Calonzo
Eli Remolona(Bloomberg) -- The Philippine central bank is open to cutting its key interest rate by a further 75 basis points for the rest of the year as inflation continued to ease, according to Governor Eli Remolona. “On the table, yes,” Remolona said in a mobile-phone message on Wednesday when asked if it’s possible for the Bangko Sentral ng Pilipinas to reduce the benchmark rate by 75 basis points more this year after inflation further slowed in April.
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2 weeks ago |
bloomberg.com | Andreo Calonzo
A Philippine Army soldier during exercises in Tarlac, Philippines, in March. (Bloomberg) -- The Philippines’ Department of National Defense is reviewing at least 50 security agreements, possibly including those with China, to weed out those that don’t align with national interest.
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2 weeks ago |
bloomberg.com | Andreo Calonzo
A Philippine Coast Guard personnel looks out at a China Coast Guard ship during a resupply mission for the BRP Sierra Madre, in the Second Thomas Shoal in the disputed South China Sea, on Friday, Nov. 10, 2023. Both China and the Philippines lay claims over the shoal while at least three other neighbors also claim the larger Spratly Islands chain it nestles in.
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2 weeks ago |
bloomberg.com | Andreo Calonzo
Working from home. (Bloomberg) -- The Philippines is planning to issue digital nomad visas to attract foreigners who are working remotely and boost tourism. President Ferdinand Marcos Jr. issued an order allowing the Department of Foreign Affairs to issue the visas valid for a maximum period of one year. Foreigners who will apply for the visas must show proof of sufficient income, and must be from a country that offers a similar visa to Philippine nationals.
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Philippine Vice President Sara Duterte said her lawyers are preparing to fight the impeachment case, signaling she’s ready to defend herself as her feud with President Ferdinand Marcos Jr. intensifies. https://t.co/YbzjKS0uXy