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Build ‘turtle ships’ to resupply Ayungin
Our engineers must build “turtle ships.” Such ships would fend off Chinese ramming, laser gunning and water cannoning in our seas......»»
China Coast Guard issues warnings to trespassing Philippine vessels
BEIJING, May 15 (Xinhua) -- The China Coast Guard on Wednesday issued radio warnings to Philippine ships trespassing into the waters under China's jurisdiction. On the same day, when answering a foreign media question on Filipino fishing boats heading from the Philippines to the surrounding waters of Huangyan Dao, Chinese Foreign Ministry spokesperson Wang Wenbin said that Huangyan Dao has always been China's te.....»»
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
US, allies plan show of force in South China Sea
Japan, Australia, and the Philippines have joined with Washington for a joint military drill in waters claimed by Beijing The US and three of its allies have announced a joint military exercise in disputed waters of the South China Sea, potentially ratcheting up tensions with Beijing as they seek to demonstrate their.....»»
Last 4 nuns of Spanish convent seek sisters to keep it open
RONDA, Spain—With only four nuns left, the historic Corazon Eucaristico de Jesus convent in southern Spain is on the brink of closure. Now, its prioress is calling on sisters everywhere to take a leap of faith, come up to the sanctuary in the mountaintop city of Ronda and stay on for a while to keep.....»»
Indian Navy s Eastern Fleet Ships arrive in Manila to participate in Maritime Partnership Exercise
Manila [Philippines], May 20 (ANI): Indian Navy ships INS Delhi, INS Shakti and INS Kiltan arrived in Manila, Philippines, to further strengthen the longstanding friendship and maritime cooperation between the two countries. The Eastern Fleet Ships arrived in Manila on Sunday. The ships were accorded a warm welcome by the Philippines Navy. Moreover, the visit is part of the Operational Deployment of the Indian Navy's East.....»»
Will India join the US-China tug-of-war
As the tussle between Beijing and Manila over the vital trade corridor intensifies, New Delhi remains vigilantThe Philippines deployed ships to a disputed area in the South China Sea over the weekend to stop what it called China's "alarming activities." The office of President Ferdinand Marcos Jr. said in a statement that patrol ships will monitor.....»»
Marcos: No water cannons for Philippine ships in WPS
President Ferdinand Marcos Jr. rejected a proposal to equip Philippine ships patrolling the West Philippine Sea with water cannons in response to China's aggressive actions against the country's vessels......»»
Philippines tells China to leave Panatag now, summons envoy
Two days after two of its ships were attacked and damaged with water cannons by the Chinese coast guard, the Philippine government yesterday summoned Beijing’s second highest diplomat in Manila to relay its protest and demand that Chinese ships immediately leave Panatag Shoal where the attacks took place......»»
2 Chinese ships spotted near Palawan ahead of Balikatan
MANILA, Philippines — Two ships from the Chinese maritime militia were seen about 30 nautical miles from the coast of Palawan before the Balikatan exercises this year, according to an American maritime expert. Ray Powell, who leads Project Myoushu (South China Sea) at the Gordian Knot Center for National Security Innovation at Stanford University, shared.....»»
Indian Coast Guard rebased at northern, southern flanks of Andaman and Nicobar Islands
Port Blair (Andaman and Nicobar Islands) [India], April 2 (ANI): Two Indian Coast Guard ships have been rebased at northern and southern flanks of the Andaman and Nicobar Islands at Diglipur and Campbell Bay respectively. "In a major boost to maritime security in AndamanNicobar islands, @IndiaCoastGuard ships RajtarangRajkiran have been rebased at northernsouthern flanks of Islands at DiglipurCampbell Bay respectively," t.....»»
President Marcos calls for end to Houthi attacks on ships
President Marcos called for an end to attacks on ships and respect for freedom of navigation yesterday after two Filipinos died in a recent attack by Houthi rebels on a shipping vessel in the Gulf of Aden......»»
China must withdraw ships from West Philippine Sea, groups say
Militant groups on Tuesday said China must withdraw its ships from the West Philippine Sea as well as its claims over islands based on bogus sovereignty......»»
PCG: Chinese vessel shadowed Philippines ships in Kalayaan
A Chinese vessel was seen “shadowing” two ships of the Philippine Coast Guard that conducted rotation and resupply missions to their outposts in the Kalayaan Group of Islands in the West Philippine Sea from Jan. 3 to 9, according to the PCG......»»
Foreign debt reaches all-time high in 2023
The country’s foreign debt reached another record high in 2023, as both the national government and the private sector borrowed more from offshore creditors, the central bank said......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
Government eyes P30 billion from 30th RTB issue
The government is borrowing at least P30 billion from small creditors as the Marcos administration sets its third offering of retail Treasury bonds (RTBs) to expand state coffers and finance various projects......»»
Foreign borrowings rise to $14.5 billion in 2023
Foreign borrowings approved by the Bangko Sentral ng Pilipinas jumped by more than 40 percent in 2023 after declining for two straight years, as the national government borrowed more from offshore creditors primarily to bankroll key infrastructure projects......»»
Third retail bond issue eyed in Q1
The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»
China coastguard uses water cannons against Philippine ships in South China Sea
MANILA/SHANGHAI (Reuters) -China’s coastguard said it had taken measures against Philippine vessels in disputed waters of the South China Sea on Saturday, while the Philippines decried the moves, including the use of water cannons, as “irresponsible and provocative”. China’s actions led to “significant damage” and injury to personnel on a civilian boat hired to resupply.....»»