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Oil prices headed for weekly gains as Israel rejects ceasefire offer
(Reuters) – Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures climbed 8 cents, or 0.1%, to $81.71 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or.....»»
Nike Announces Layoffs of Over 1,500 Employees in Comprehensive Restructuring
Nike, the renowned sportswear and apparel company, has announced plans to cut 2% of its workforce, which translates to over 1,500 jobs. This move is.....»»
IFC investing $500 million to address Philippines development challenges
The private sector arm of the World Bank Group is aiming to invest up to $500 million in the current fiscal year in the Philippines to support efforts to address climate change, financial inclusion and infrastructure development......»»
Euromoney recognizes Metrobank as Best Bank for Ultra High-Net-Worth Filipinos
Metropolitan Bank & Trust Co. (Metrobank) remains the preferred bank for affluent Filipinos as it receives the Best Bank for Ultra High-Net-Worth (UHNW) award at the Euromoney Global Private Banking Awards 2024......»»
BPI sells shares in GoTyme Bank
The Bank of the Philippine Islands sold its 752 million common shares of GoTyme Bank Corp. to GoTyme Financial Pte. Ltd. and Giga Investment Holdings Pte. Ltd, the bank said yesterday......»»
Rama plans to redesign CBRT bus station at Capitol for heritage preservation
CEBU CITY, Philippines – The Cebu Bus Rapid Transit (CBRT) project is facing delays, and the mayor’s new plans might make it take even longer. Mayor Michael Rama wants to remove the planned bus station near the Capitol building because it doesn’t fit with the area’s heritage. He plans to replace it with a new.....»»
PH army’s new cyber defense group questioned over potential use for attacks
In 2018, several websites of progressive organizations and media outfits became victims of relentless DDoS attacks. A probe by Sweden-based Qurium Media Foundation revealed that the attacks came from the Philippine Army, including activities linked to the Chief of Staff for Intelligence of the Philippine Army. The post PH army’s new cyber defense group questioned over potential use for attacks appeared first on Bulatlat......»»
New Delhi raises target for defense exports
India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»
DHSUD, Pasig ink deal for housing project
The Department of Human Settlements and Urban Development has signed a partnership with the Pasig government for an in-city housing project for informal settler families and low-income earners......»»
CHR: Decent, proper temporary housing for informal settlers
The Commission on Human Rights has lauded the government’s efforts to provide in-city housing to around 170,000 informal settler families in Metro Manila......»»
Envoy discusses importance of West Philippine Sea, 2016 arbitral ruling
The Philippine embassy in Ankara hosted a special screening of the West Philippine Sea documentary “Kalayaan: Karapatan sa Karagatan,” aimed to educate viewers on the Philippines’ maritime claims in the West Philippine Sea and its ongoing efforts to resolve the contentious issue......»»
Gibo: Don’t fish alone in West Philippine Sea
Local fishermen should not sail to the West Philippine Sea alone, Defense Secretary Gilbert Teodoro said yesterday, following reports that the Chinese coast guard forced Filipino fisherfolk to return shells they had gathered from Panatag or Scarborough Shoal......»»
CIMB boosts financial inclusion with Lazada
Digital-only commercial bank CIMB Bank Philippines has teamed up with e-commerce platform Lazada Philippines to further advance financial inclusion and digital payments among Filipinos, targeting to onboard 500,000 borrowers within six months......»»
Metrobank eyes return to offshore debt market
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»
‘Not war with China; don’t rely only on US’ – Marcos Jr.
In an interview on Bloomberg TV last Wednesday, as reported in another national daily, he made two related comments that could represent important government policy stands. First, regarding China’s increasing aggressive moves against Philippine vessels in the West Philippine Sea; second, about the United States’ repeated assurance of its “iron-clad” defense commitment under the 1951 Mutual Defense Treaty. The post ‘Not war with China; don’t rely only on US’ – Marcos Jr. appeared first on Bulatlat......»»
Philippines, Germany eye cyber, maritime defense cooperation
The Philippines and Germany are eyeing to expand their defense cooperation to include cyber and maritime domains, President Marcos said, in light of China’s continued dangerous maneuvers and harassment of Filipino supply vessels in the West Philippine Sea......»»
Adoption of Gibo’s defense concept backed by expert
The Marcos administration’s adoption of a Comprehensive Archipelagic Defense Concept is a move in the right direction and a manifestation of its seriousness in tackling external security challenges, particularly China’s growing aggressiveness in the West Philippine Sea......»»
Probe sought into alleged China-based hackers targeting gov’t websites
Sen. Risa Hontiveros filed Senate Resolution 923 on Tuesday, urging the Senate national defense and security committee to conduct a probe into attempts to infiltrate the websites of agencies connected to the defense of the West Philippine Sea......»»
US, China defense chiefs hold first call since 2022
Pentagon - U.S. Defense Secretary Lloyd Austin spoke with his Chinese counterpart on Tuesday, the first dialogue between the two countries' defense chiefs in nearly 17 months.The Pentagon said Austin and Chinese Admiral Dong Jun discussed "defense relations" and global security issues from Russia's unprovoked war in Ukraine to recent provocations from North Korea. A press release said Austin stressed the importa.....»»
Philippines, US discuss EDCA site logistics
Defense officials of the Philippines and the United States met to discuss the logistics capabilities in Enhanced Defense Cooperation Agreement sites, the Department of National Defense said yesterday......»»