To capitalize on the burgeoning professional services market, PricewaterhouseCoopers (PwC) recently inaugurated a new office in the Philippines. This expansion comes on the heels of a remarkable year for the global professional services sector, which witnessed a nearly 10 percent growth in 2023. The professional services market has been on an upward trajectory, encompassing a…
The Bureau of Immigration (BI) announced on Tuesday that it would pursue legal action against lawyers who assist former Philippine offshore gaming operators (POGOs) employees in extending their stay in the country. This move comes after Executive Order 74, issued by President Ferdinand Marcos Jr., which banned POGOs in the Philippines effective December 31, 2025….
The Philippine National Police (PNP) has reported a significant decline in crime incidents nationwide, attributing this positive trend to their aggressive drive to maintain peace and order. PNP Chief Gen. Rommel Francisco Marbil announced that official records from all 17 police regional offices indicate a notable decrease in the overall crime rate. According to the…
The Philippines has recently achieved a significant milestone by being removed from the Financial Action Task Force (FATF) grey list. This development is expected to profoundly impact the country’s investment landscape, enhancing its attractiveness to foreign investors and boosting economic growth. Background on the Grey List The FATF grey list, officially known as “Jurisdictions Under…
U.S. Secretary of State Marco Rubio has exempted over $1 billion in foreign security assistance for Taiwan and the Philippines from the ongoing aid freeze. This decision underscores the United States’ commitment to bolstering security in the Asia-Pacific region amid rising tensions with China. The exemptions include $870 million for Taiwan and $336 million for…
The Philippines has recently detected multiple foreign attempts to access its intelligence data, but according to the country’s cyber minister, Ivan Uy, no breaches have been recorded so far. These attempts to steal data have been wide-ranging and persistent, highlighting the ongoing threat of Advanced Persistent Threats (APTs). APTs are sophisticated cyber actors or groups,…
According to S&P Global Ratings, the Philippines is expected to remain insulated from the impact of potential United States tariffs on Asian economies due to its trade surplus with the world’s largest economy, an advantage among its regional peers. YeeFarn Phua, director at S&P, highlighted that while countries such as China, Vietnam, Malaysia, and Taiwan…
In a world where international relations play a critical role in maintaining global peace and stability, the robust trade and defense ties between Singapore and the Philippines are a testament to effective diplomacy and cooperation. Ambassador Constance See, Singapore’s envoy to Manila, recently underscored the significance of this partnership during the goodwill visit of the…
In a rapidly evolving job market, Filipino employees are making waves with their intentions to seek new employment opportunities. According to the 2025 Human Capital Employee Sentiment Study conducted by global risk management and insurance brokerage firm Aon, a staggering 64 percent of survey respondents from the Philippines indicated that they were either in the…
As the world grapples with the economic impacts of protectionist policies and unpredictable trade tariffs, nations must turn their attention inward to safeguard their economic stability. In light of recent developments, World Bank lead economist Gonzalo Varela emphasizes the importance of focusing on domestic reforms and streamlining regulations. These strategies may provide a buffer against…
