Articles

  • 2 weeks ago | news.bloombergtax.com | Cliff Venzon |Manolo Serapio Jr

    The Philippines and Japan plan to expand their security partnership, their leaders said, as both countries grapple with maritime disputes with China. The two nations agreed to start negotiations on an Acquisition and Cross-Servicing Agreement during their bilateral meeting in Manila, Philippine President Ferdinand Marcos Jr. said in a joint briefing with visiting Japanese Prime Minister Shigeru Ishiba on Tuesday. Details of the potential deal were not immediately available.

  • 2 weeks ago | bloomberg.com | Cliff Venzon |Manolo Serapio Jr

    Ferdinand Marcos Jr., right, and Shigeru Ishiba in Manila, on April 29. (Bloomberg) -- The Philippines and Japan plan to expand their security partnership, their leaders said, as both countries grapple with maritime disputes with China.

  • 1 month ago | bloomberg.com | Manolo Serapio Jr |Andreo Calonzo

    Gilberto Teodoro (Bloomberg) -- The US will help bolster the Philippines’ arsenal and step up joint military exercises, Manila’s defense chief said, as tensions between Washington and China escalate. The longtime US ally is expecting a sustained $500 million in annual defense funding from Washington through 2029 to boost its military capabilities and deter China’s “aggression” in the region, Philippine Defense Secretary Gilberto Teodoro said in an interview in Manila on Thursday.

  • 1 month ago | news.bloomberglaw.com | Ditas Lopez |Manolo Serapio Jr

    The Philippines won’t cut its holdings of US Treasuries despite turmoil in global financial markets triggered by President Donald Trump’s changing tariff actions. “We’re not looking at reducing our reserves. We will diversify our reserves and just the right mix of assets in our reserves,” Bangko Sentral ng Pilipinas Governor Eli Remolona said in an interview with Bloomberg Television’s Annabelle Droulers and David Ingles on Friday.

  • 1 month ago | bloomberg.com | Cliff Venzon |Manolo Serapio Jr

    The company behind the Philippines’ top mobile wallet GCash is seeking a lower minimum public float of 10%-15% for its planned initial public offering, a top executive said. “What we are pushing is the fact that given the size of this IPO, 20% may be too high,” Globe Telecom Inc. President and CEO Ernest Cu said on Monday, referring to the Philippines’ minimum public float requirement for IPOs. Cu chairs Globe unit Mynt, the parent of GCash.

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