The Philippines flew six places up to number four in the world’s most attractive developing economies for clean energy investments amid “strong” government targets for the sector and with foreigners now having more freedom to kick-start projects.

THE Philippines will be one of the strongest-performing Asia-Pacific economies this year with growth likely to be higher than previously forecast, revised projections issued by S&P Global Ratings showed.
The debt watcher, in a November 26 report that said growth in the region for this year and the next “should be strongest in emerging market economies with solid domestic demand,” raised its 2023 Philippine growth forecast to 5.4 percent from 5.2 percent previously.

MANILA – President Ferdinand R. Marcos Jr. has secured USD672,300,000 in investment pledges from various sectors during his successful participation in the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting and related activities in San Francisco, California last week.

JERUSALEM – A cargo ship operated by a Japanese company has been seized in the Red Sea by the Iran-backed Houthi armed group, the Israeli military and government said Sunday.

SAN FRANCISCO – U.S. President Joe Biden on Thursday made America’s case to leaders attending the Asia-Pacific summit in San Francisco that the United States is committed to high standards in trade and to partnerships that will benefit economies across the Pacific.

MANILA, Philippines — Agriculture Secretary Francisco Tiu Laurel Jr. has met with various farmers’ groups as he continues the reorganization within the Department of Agriculture.

TOKYO – An undersea volcano erupted off Japan three weeks ago, providing a rare view of the birth of a tiny new island, but experts say it may not last very long.

TOKYO – Fresh from a whirlwind tour of the Middle East, U.S. Secretary of State Antony Blinken shifted his intense diplomacy on the Israel-Hamas war to Asia on Tuesday with an appeal for the Group of Seven leading industrial democracies to forge consensus on how to deal with the crisis.

MANILA, Philippines — The Philippines is a step closer to having its first ever sovereign wealth fund as the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) have been completed and are now awaiting President Marcos’ approval.

TOKYO – A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defense build-up aimed at helping to deter a Chinese invasion of Taiwan, according to eight people familiar with the matter.