MANILA, Philippines – The Philippine president on Friday ordered the cancellation of a multimillion-dollar deal to buy 16 helicopters from Canada and said purchases of U.S. arms should also be stopped because of too many imposed conditions, although heRead more
Subic-BlogMANILA (Reuters) – Philippine soldiers have killed three suspected members of the pro-Islamic State Maute group, the army said on Friday, … just outside Marawi, the city half-destroyed by a five-month conflict last year that was the Philippine military'sRead more
Subic-BlogFollowing the trade data, the peso weakened to 51.79 against the U.S. dollar. That took it close to 51.85, its lowest level since 2006, hit in October. This year, the peso has shed about 3.5 percent against the dollar.Read more
Subic-BlogWe name the parts, and the parts come together to name, and to be, us. At times we don't have names for certain parts of the body, especially the internal ones, because we don't even know they exist! TheRead more
Subic-BlogDHAKA: Bangladesh's central bank will file a lawsuit in New York against a Philippine bank over the world's largest cyber heist, the South Asian country's finance minister said Wednesday. Unidentified hackers stole $ 81 million in February 2016 fromRead more
Subic-BlogNow, Foreign Affairs Minister Chrystia Freeland says she is prepared to block the US$ 233-million deal pending the outcome of the review. But just this week a government spokesperson said Canada believed the deal would see the choppers usedRead more
Subic-BlogPhilippine Central Bank governor Nestor Espenilla gestures during an interview with REUTERS at the Central bank headquarter in Pasay, metro Manila, … at a time some economists suggest the Philippines could be a soft spot and vulnerable if higherRead more
Subic-BlogThe Bell 412EPI helicopters were due be delivered early next year as the Philippine military prepares to step up operations against Islamist and communist rebels. Nearly 4,000 Filipinos have been killed by police in a war on drugs sinceRead more
Subic-BlogBut while the Philippines was the most vociferous claimant of a portion of the South China Sea, it was also the weakest link because of its fragile democracy. That was proven when President Duterte took power. Xi Jinping andRead more
Subic-BlogA worker counts U.S. dollar bills inside a money changer in Metro Manila, Philippines February 7, 2018. REUTERS/Romeo Ranoco. Rajiv Biswas, Asia Pacific chief economist for IHS Markit, isn't worried by gaps in the current account, saying “it's notRead more
Subic-BlogFilipino boxing champion Jerwin Ancajas is back home fresh off his title defense at American Bank Center in Corpus Christi, Texas, USA. Ancajas landed at NAIA Terminal 1 on Wednesday morning, coming off a two-week trip to the UnitedRead more
Subic-BlogWASHINGTON – The United States should have stopped Beijing from constructing military installations in the South China Sea from the start, particularly in areas within the 200-mile exclusive economic zone of the Philippines, said ambassador Jose “Babe” Romualdez. “NowRead more
Subic-BlogScientists from the United States, Japan and South Korea have surveyed it many times. Since 2000, the Philippines has granted about 30 foreign licenses to survey the area. The Philippine Rise is different from the South China Sea, anRead more
Subic-BlogMANILA, Philippines — The stock barometer recovered from steep losses to finish lower on Tuesday as another equity sell-off in the US ricocheted across the globe. The bellwether Philippine Stock Exchange index dropped 0.79 percent or 65.58 points toRead more
Subic-BlogMANILA (Feb 6): The Philippine unit of Del Monte Pacific Ltd plans to raise up to US$ 324 million through a public share sale to pay existing loans, the company said on Tuesday. The pineapple producer sought for theRead more
Subic-BlogThis photo taken July 23, 2013, show the US Capitol in Washington. (AP Photo/J. Scott Applewhite). WASHINGTON — House Republican leaders are grappling for a strategy to avert another US government shutdown at midnight Thursday. They scheduled a closed-doorRead more
Subic-BlogHe said the government cannot do anything about China's actions in the West Philippine Sea except to rely on China's promise that they will not reclaim anymore new artificial islands in the disputed waters. “So what do you wantRead more
Subic-Blog"US equities suffered their largest one-day decline in a year on Friday, contributing to the worst week for the S&P500 in around two years…Markets in Asia also opened lower in response to the weak overnight markets," Marita Limlingan, presidentRead more
Subic-BlogAE: In some countries, Philippine pesos can't be converted to the local currency, so before you leave, it's better to be ready with some foreign currency. I suggest getting the foreign currency you need from banks of legitimate moneyRead more
Subic-Blog“Potentially divergent monetary policies of advanced economies would likely trigger bouts of volatility in the financial markets,” Espenilla said, explaining that since small open economies like the Philippines were price takers rather than price setters, tighter monetary policy abroadRead more
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