Philippine economy to slow to 2% — ADB

The growth of the Philippine economy is likely to be sharply tempered this year, weighed by the effects of the enhanced community quarantine to...

Philippines to gain from global oil price drop: Oxford Economics

Lower global oil prices would partially offset the adverse impact of the COVID-19 pandemic on the Philippine economy, UK-based Oxford Economics said. “Under the current period of...

New US-Philippines defense pact ‘in the works’

The United States and the Philippines are crafting a new defense pact that could replace the Visiting Forces Agreement (VFA) that was proposed for...

US-Asean Summit postponed over virus fears

A long-scheduled summit between the Association of Southeast Asian Nations (ASEAN) and the United States will no longer push through as planned. According to a...

Philippine Airlines lets go of 300 workers

Flag carrier Philippine Airlines has laid off some 300 employees as part of its retrenchment program as the coronavirus disease 2019 (Covid-19) continues to...

Philippines to probe Honda production shutdown

The Senate of the Philippines is planning to conduct an inquiry into the sudden shutdown of Honda Cars Philippines Inc.’s manufacturing in Laguna. Senator Joel...

Philippines allows return of OFWs to Hong Kong, Macau

Overseas Filipino Workers (OFWs) with existing job contracts in Hong Kong and Macau are now able to return to said territories amid the Philippine...

US: Philippines’ withdrawal from VFA ‘wrong’

The decision of the Philippines to terminate the Visiting Forces Agreement (VFA) with the United States was a move in the wrong direction, a...

Southeast Asian central banks roll out anti-virus measures

Four central banks in Southeast Asia signaled aggressive policy action this week to curtail the impact of the new coronavirus. The central banks are from Indonesia, the...

AirAsia CEO Tony Fernandes steps aside

Businessman Tony Fernandes is stepping aside from his post as the chief executive officer of low-cost carrier AirAsia Group amid an ongoing probe over...

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Thailand welcomes long-term tourists

Thailand on Tuesday has approved the entry of foreign tourists who will agree to undergo a 14-day quarantine. According to a report by the Bangkok...

ADB vows two-fold funding support for Indonesia

The Asian Development Bank (ADB) has committed to double its funding subsidy to Indonesia in a bid to support its economic recovery amid the...

Pilipinas Shell shuts down refinery amid global pandemic

One of the largest fuel producers in the Philippines is shutting down its sole refinery as the coronavirus pandemic continued to take its toll...