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President Donald Trump said Saturday that the U.S. had launched strikes on three sites in Iran, backing the ongoing effort of Israel to cripple Tehran’s nuclear program. It is a bold and risky action, aimed at a long-time adversary, and comes after more than a week of Israeli attacks that have targeted the air defenses and missile systems of Iran. Iran has yet to responded publicly, but the US attack raises fears that any retaliation could quickly spiral into a broader regional conflict. The White House said Trump will make a national address on the military action.

Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have declined sharply since their 2008 peak, falling from 5 percent of GDP to around 2 percent in recent years, according to a World Bank study. The decline affects nearly 60 percent of EMDEs, including regional players like the Philippines, and threatens progress in infrastructure development, poverty reduction, job creation, and climate action.

The Land Transportation Franchising and Regulatory Board (LTFRB) ruled out on Friday any fare rate increase for public utility vehicles (PUVs), offering reassurance to commuters amid rising fuel prices.

Central Azucarera de Tarlac (CAT) on Friday denied it stands to benefit from a potential multi-billion-peso compensation tied to a recent Court of Appeals (CA) ruling in favor of Hacienda Luisita Inc. (HLI).

The country's balance of payments (BOP) stood as a deficit of US$298 million in May, reversing the US$2 billion surplus recorded in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP).