The Bangko Sentral ng Pilipinas (BSP) held steady its target reverse repurchase, or borrowing, rate at 5.75 percent at the monetary policy meeting Thursday and kept the interest rates on the overnight deposit and lending facilities unchanged at 5.25 percent and 6.25 percent, respectively. The decision comes as the central bank monitors the risks surrounding inflation and domestic growth amid heightened global policy uncertainty.
Transportation Secretary Jaime J. Bautista announced his resignation on Thursday, citing health concerns after more than two years of service under the Marcos administration. His resignation, effective at the end of office hours on February 21, 2025, marks the conclusion of a tenure where he described his role as both challenging and enriching.
The National Grid Corporation of the Philippines (NGCP) on Wednesday announced a 2.03 percent increase in its wheeling rate for the January billing period, affecting consumers when they receive their February electricity bills.
The Department of Agriculture (DA) is considering implementing a maximum suggested retail price (MSRP) for pork as early as next month to address rising pork prices in the Philippines.
Chinese scholars' assertions over Batanes are fueling fresh concerns that Beijing may be laying the groundwork for future territorial claims, even without making an official declaration. SeaLight director Ray Powell said the narrative coincides with China Coast Guard patrols that have pushed east of Taiwan and into the Philippine Sea since June 1, expanding operations beyond the disputed West Philippine Sea and the first island chain. He warned that Batanes and the Bashi Channel hold strategic value in any Taiwan contingency. Former Surigao del Norte representative Robert “Ace” Barbers described the development as a “creeping invasion” and urged Filipinos not to amplify Beijing’s messaging.
Japanese Ambassador Endo Kazuya joined diplomats, government officials, and maritime experts yesterday to mark a decade since a landmark legal ruling on the South China Sea.
Ambassador Endo attended the special symposium on July 10, which was hosted by the Stratbase ADR Institute for Strategic and International Studies. The event allowed leaders and analysts to discuss the current state of regional waters exactly ten years after an international tribunal issued its decision in the case between the Philippines and China.
When Hidilyn Diaz won the Philippines' first Olympic gold medal in Tokyo in 2021, most of the country's newest weightlifting sensations were still in grade school, some not even teenagers. Five years later, they are no longer just watching their hero. They are following her footsteps, one lift at a time.