The Phillipines’ Foreign Affairs Secretary Enrique Manalo has reiterated the country's firm resolve to address the East Sea (also known as West Philippine Sea or South China Sea) issue through peaceful and legal means.
According to the Thai Rice Exporters' Association, the country’s rice exports to the Philippines are expected to double in 2023 as rival supplier Vietnam faces capacity constraints.
President of the Philippines Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida agreed to strengthen economic and security cooperation between the two countries.
The Philippines' headline inflation rose to 8.7% in January 2023, higher than 8.1% in December 2022 and the highest since November 2008, according to the Philippine Statistics Authority (PSA).
The Philippines is set to launch a value-added tax (VAT) refund programme for foreign tourists in 2024 to attract more visitors, according to the country’s Presidential Communications Office (PCO).
The President office of the Philippines recently announced that the country will reduce tariff rates on imported electric vehicles (EV), parts and components, to boost the EV market in the country.
The death toll from floods in the Philippines last week has risen to 51, the Philippine government said on December 3, adding that over 33,000 people still remained in temporary shelters.
One person died, and three others were missing in a landslide in the southern Philippines, police said on December 29, taking the nationwide death toll from recent rains to at least 33.
At least 25 people have been killed by recent floods that inundated the southern and eastern regions of the Philippines, according to the National Disaster Risk Reduction and Managing Council (NDRRMC).
The Philippines’ century-old giant lantern festival has returned after a two-year hiatus from in-person celebrations due to COVID-19, with spectators flocking to San Fernando city in Pampanga province to enjoy the festivity from December 17 to January 1, 2023.
Philippine President Ferdinand Marcos Jr. has approved the recommendation of the economic ministry to extend tariff reductions on rice and other food items until the end of next year to curb inflation.
The Philippine House of Representatives on December 15 approved a bill on the establishment of the "Maharlika Investment Fund" with capital of 2 billion USD, much lower than the original proposal.
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