Philippines

The World Bank's Global Economic Prospects report, released Thursday, highlights a fragile outlook as inflation, trade disruptions, geopolitical tensions and policy uncertainty weigh on momentum. The global economy is expected to stay stuck at 2.7% growth in 2025-’26, a pace too weak to drive...

Warren Buffett just gained greater exposure to the burgeoning digital bank sector in Africa and Asia. What Happened: Nu Holdings (NYSE:NU) — backed by Buffett’s Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) — led a new funding round for Singapore-based Tyme Group. Tyme specializes in building...

Coinbase Global Inc. (NASDAQ:COIN) is advancing its Southeast Asian expansion through stablecoin initiatives in Thailand and the Philippines, as cryptocurrency markets reach new heights amid expectations of a more crypto-friendly U.S. administration. What Happened: Jesse Pollak, founder of Base and...

The United States will continue to keep a mid-range missile system in the Philippines, the decision comes despite demands from China for its removal. What Happened: The Typhon missile system, capable of launching missiles that can reach Chinese targets, was initially deployed for joint exercises...

In a strategic move to counter China’s escalating assertiveness, Japan and the Philippines, two crucial U.S. allies, have penned a historic defense pact. What Happened: The two nations signed the “Reciprocal Access Agreement” (RAA) to establish a deterrent that goes beyond U.S....

In a recent development, the Philippines has labeled the South China Sea incident from last week, where a Filipino soldier lost a finger, as a “deliberate act” by China. What Happened: Defense Secretary Gilberto Teodoro stated that the encounter with Xi Jinping‘s army was neither...

A collision between Chinese and Philippine vessels near the Spratly Islands in the South China Sea has ignited a dispute, with the U.S. ally accusing Beijing of propagating deceptive information. What Happened: The Chinese Coast Guard asserted that the Philippine vessel approached the Chinese ship...

Editor's note: This story has been updated with additional details A recent Reuters report revealed that the U.S. military was involved in a covert operation to counter China’s influence in the Philippines during the COVID-19 pandemic. The operation involved the creation of fake social media...

China has denied allegations by the Philippine coastguard of building an artificial island in the disputed Sabina Shoal, South China Sea. What Happened: Wang Wenbin, a spokesperson for the Chinese foreign ministry, dismissed the claims as “groundless and pure fabrication,” South China...

In a recent development, the national security adviser of the Philippines has advocated for the expulsion of Chinese diplomats. This comes in the wake of an alleged leak of a phone conversation with a Filipino admiral, further intensifying the ongoing South China Sea dispute. What Happened: Eduardo...

The Philippines has pledged to abstain from escalating tensions in the South China Sea, rejecting the use of water cannons or any other offensive weapons. The announcement was made by the country’s President, Ferdinand Marcos Jr. What Happened: Marcos emphasized that the country’s...

In the upcoming summits with Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr., President Joe Biden is expected to express serious concerns over China’s escalating activities in the South China Sea. What Happened: Biden will discuss the situation around the...

Recent developments have heightened tensions between China and the Philippines, with China issuing a stark warning that bilateral relations are at a pivotal point due to maritime disputes. What Happened: China has cautioned the Philippines, stating their bilateral relations are at a critical...

The Philippines Securities and Exchange Commission (SEC) took decisive action to block the online presence of cryptocurrency exchange Binance in the country.  What Happened: In mid-March, the Commission En Banc approved the filing of a formal request with the National Telecommunications...

In a significant move underscoring the U.S.’s dedication to its allies in Southeast Asia, U.S. Secretary of State Antony Blinken has reiterated the nation’s commitment to defending the Philippines. This comes amid heightened tensions in the South China Sea, a region critical for...