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MANILA, Philippines — Filipinos are especially fond of summer outings and making the most of the sunny weather – indulging in outdoor activities and swimming whenever possible to beat the heat.
MANILA: The Philippines on Monday denounced Beijing's "aggressive and illegal use of force" during last week's South China Sea clash between its navy and the Chinese coast guard.Chinese sailors wielding knives, sticks and an axe foiled a Filipino attempt a week ago to resupply marines stationed on a derelict warship that was deliberately grounded atop the disputed shoal to assert Manila's territorial claims.A Filipino soldier lost a finger in the clash, with Manila also accusing the Chinese coast guard of looting guns and damaging inflatable boats and other equipment. "We are not downplaying the incident. It was an aggressive and illegal use of force," Defence Secretary Gilberto Teodoro told a news conference.
HONG KONG, China — Asian and European markets were mixed Monday after last week's poor run as investors look ahead to the release of key US inflation data, while eyes are on Japan as the yen sits around three-decade lows.
These are bleak times on the PSEi. After teasing a breach of the 6,350 support level for several days, it finally punched through with an emphatic down day. We are back to where we were in November of last year.> PH: The big thing on my list is the BSP interest rate announcement on Thursday morning.
MANILA, Philippines — Farmers’ groups will ask the Supreme Court to stop the implementation of Executive Order 62 that allows a 15 percent tariff on imported rice, down from the current 35 percent, until 2028.
MANILA. Philippines — Philippine Coast Guard (PCG) spokesman Commodore Jay Tarriela said that the Filipino sailor's injury was a result of the “high-speed ramming incident” involving Chinese and Filipino rigid-hull inflatable boats (RHIBs), hence an “accident.”
PHILIPPINE monetary authorities will be wary about cutting interest rates despite recent pronouncements that an easing could start as early as August, analysts said.
(UPDATES) MALACAÑANG has ordered tariff cuts for rice and other key commodities in an effort to keep prices low and inflation under control.