Robredo’s statement that “darkness” shrouds Philippines “out of touch”, says Palace

January 21, 2018

Malacanang on Sunday slammed Vice President Leni Robredo, saying her remarks during the anniversary of Liberal Party were “out of touch” in what has been happening in the country. During the 72nd anniversary celebration of opposition Liberal Party, Robredo, who

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Philippines remains beneficiary of EU’s GSP+ despite “grave concern” over drug killings

January 21, 2018

The Philippines will continue to enjoy zero tariffs on its more than 6,000 products being exported to member-countries of the European Union, Malacanang said on Saturday. Presidential Spokesperson Harry Roque said the EU’s Generalized Scheme of Preferences Plus stays. “So

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Palace: Philippines does not wish to be part of US-China intramural in disputed waters

January 21, 2018

The Philippines refused on Sunday to meddle on the recent encounter between the United States and China’s vessels near the Scarborough Shoal in the disputed South China Sea. In a statement, Presidential Spokesperson Harry Roque said Washington could take care

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Duterte leads launching of bank for Filipinos overseas

January 18, 2018

President Rodrigo Duterte led on Thursday the launching of the Overseas Filipino Bank dedicated to the needs of overseas Filipino workers in Liwasang Bonifacio, Manila. In his speech, Duterte said the opening of the OF Bank was one of his promises when

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Duterte vowed to take “firm measure” on comfort women statue, Japanese official says

January 18, 2018

President Rodrigo Duterte has vowed to take a “firm measure” on the construction of a statue depicting the “comfort women” in a major thoroughfare in Manila. Katsuyuki Kawai, a lawmaker of Japan’s ruling Liberal Democratic Party and former special adviser

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Philippine “excellent” financial standing at risk if teachers’ salaries are doubled, Diokno warns

January 17, 2018

Budget Secretary Benjamin Diokno warned on Wednesday that the budget deficit could rise to 5 percent of gross domestic product, putting at risk its “excellent” international financial standing, if the salaries of teachers will be doubled. Diokno said doubling salaries of teachers

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Stocks end higher, peso at P50.37:$1

January 15, 2018

Stocks ended higher on Monday despite losing higher gains in early trading. The Philippine Stock Exchange index closed 43.10 points higher to 8,857.12 points. But at the broader market, there were 109 decliners, 99 gainers and 52 shares unchanged. Volume

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Palace defends allowing China to conduct joint research in Philippine Rise

January 15, 2018

Malacanang defended on Monday the decision to allow China to conduct a marine research in Philippine Rise (formerly Benham Rise) off eastern Luzon, saying President Rodrigo Duterte has the power “to share sovereign rights with others.” In a press briefing, Presidential Spokesperson

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