Philippines News

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Philippines president Duterte to quit if shown proof of God

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Philippines, U.S. to start free trade talks in September

MANILA (Reuters) - The Philippines will begin negotiations on a free trade agreement with the United States in September, its ambassador to Washington said on Thursday, in a bid to expand market access for its agricultural products.


“Welcome to the Philippines, province of China” banners have hit Manila

Two years ago today, the Philippines won amajor legal victoryover China. An international tribunal ruled on July 12, 2016, that China’s sweeping territorial claims in the South China Sea were invalid. But now, on what should be a day of celebration, some are using sarcasm to convey the disappointmen


Philippine food agency to propose extra 500,000 T of rice imports

MANILA, July 12 (Reuters) - The Philippines’ food security agency on Thursday said it would seek approval to import an extra 500,000 tonnes of rice this year to ensure healthy supply and stable prices in the local market.


MOBI724 signs an agreement with Fexco in the Philippines

MOBI724 Global Solution's (OTCQB:MOBIF-12.8%) Asian subsidiary has signed a commercial agreement with the Philippines' branch of Fexco, an international fintech and payments company.Under the terms of the agreement, cash withdrawal transactions from Fexco’s EasyDebit MicroATM terminals will be proce


Gunmen kill fourth Philippine local official in a week

MANILA (Reuters) - Two motorcycle-borne gunmen on Wednesday killed the vice mayor of a southern Philippine town, the fourth local official assassinated in a week, including one President Rodrigo Duterte said may have had links to illegal drugs. The attack took to 16 the number of mayors and vice ma


Sri Lanka to begin hanging drug dealers to 'replicate success of Philippines'

Maithripala Sirisena, the Sri Lankan president, has told his cabinet he is 'ready to sign the death warrants' of serial drug offenders. Photograph: Frank Augstein/AFP/Getty Images Sri Lanka will begin hanging drug dealers, ending a near-half-century moratorium on executions, as officials promised


Bargain Hunters Send Philippine Stocks Surging While Asia Sinks

It was a bad day for stock investors in Asia -- except for those with Philippine shares.The nation’s benchmark index rallied 1.4 percent, the most since the end of June, crossing above the 7,300 level for the first time in a week. The reason? Optimism that the Philippines willstay shelteredfrom a U.


Philippine Peso Slump a Relief to Exporters

The peso near a 12-year low is providing some relief to Philippine exporters, who risk losing some tax perks and are facing tighter labor policies, the top executive for the electronics and semiconductor industry said.“In general, it’s a blessing that the peso has weakened,” Dan Lachica, head of the


Philippines' Duterte sees lowest rating since becoming president: survey

MANILA (Reuters) - Satisfaction in Philippine leader Rodrigo Duterte fell to the lowest of his presidency since coming into office in 2016, an independent survey showed on Tuesday. FILE PHOTO: Philippine's President Rodrigo Duterte speaks during the 120th Philippine Independence day celebration at


UPDATE 1-Philippines nickel ore exports seen dropping up to 17 pct...

* LME nickel price hits 8-week low last week, down 5 pct in July (Adds further comment from industry group head, background)


Philippines' trade deficit rises to 5-mth high in May

MANILA, July 10 (Reuters) - The Philippines’ trade deficit further widened in May to a five-month high as exports shrunk while imports continued to grow, although at a slower annual pace, the statistics agency said.


Philippine Central Bank Approves Two New Cryptocurrency Exchanges

In a statement released by Deputy Governor Chuchi G. Fonacier, the BSP announced that it has granted operating approval to Virtual Currency Philippines, Inc. and ETranss to carry out conversion of Philippine pesos (PHP) into virtual digital currencies.


Two Philippine women kidnapped in Iraq freed

The identities, affiliation, and motivation of the kidnappers was not yet clear, the sources said on Saturday.


Philippines president Rodrigo Duterte says he will quit if someone can prove God exists

The president of the Philippines has vowed to step down immediately if it can be proven to him that God is real through a selfie. Rodrigo Duterte sparked outrage in his largely Roman Catholic country by saying that if just one Christian told him truthfully that they had been to heaven and had a conv


Dead Vice Mayor in Philippines is the third official murdered this week

Philippine Vice Mayor Alexander Lubigan was shot dead on Saturday by two gunmen in a van, the third official to die in the past week, according to a report by theAssociated Press.Unlike thedeath of two mayors earlier this week, no video footage is available to the press featuring Lubigan. The Vice M


Philippines' Duterte vows to resign if anybody can prove God exists

Philippines President Rodrigo Duterte gestures during Change of Command ceremonies of the Armed Forces of the Philippines (AFP) at Camp Aguinaldo in Quezon City, metro Manila, Philippines, Oct. 26, 2017. (Reuters)MANILA, Philippines –The Philippine president, who recently sparked outrage for callin


Armed group in Libya kidnaps three Filipinos and one Korean - official - Firstpost

BENGHAZI, Libya (Reuters) - An unidentified armed group kidnapped three Filipinos and one Korean working as technicians at a water plant in south eastern Libya, an official said on Friday.


Philippines: Inflation Soars In June

ByJoey Cuyegkeng, Senior Economist, PhilippinesFurther monetary policy tightening is likelier at the next meeting, after inflation soared to 5.2% in JuneInflation surprising on the upside could require a more aggressive monetary tightening.Inflation soared to a 5.5-year high of 5.2% in June from May


Australia issues joint apology with Philippines for basketball brawl

“He kicked me down under the ring and that’s when I was set upon,” Goulding told SEN radio. “It wasn’t like I knew exactly what was happening, it happened from behind. I was on the ground and 10 to 15 people were on top of me with chairs and everything you can imagine.