Philippines

In a significant move underscoring the U.S.’s dedication to its allies in Southeast Asia, U.S. Secretary of State Antony Blinken has reiterated the nation’s commitment to defending the Philippines. This comes amid heightened tensions in the South China Sea, a region critical for...

Binance will be facing a ban on its Philippine operations starting in February 2024. The Philippine Securities and Exchange Commission (SEC) clarified that the ban will be effective three months from the issuance date (Nov. 29, 2023) of the advisory, as reported by Crypto News Philippines. The...

The South China Sea border dispute between the Philippines and China has taken a dramatic turn after a recent maritime conflict escalated tensions in the disputed region. What Happened: CNBC reported on Sunday that over the weekend, the Philippine Coast Guard accused China of ramming their vessels...

The Philippines' Securities and Exchange Commission (SEC) has initiated steps to restrict access to Binance. The latest advisory follows recent legal developments involving the crypto exchange's former CEO, Changpeng Zhao. The Philippine's SEC warned the public that Binance is not...

The Philippines completed the sale of $270 million in its maiden tokenized treasury bonds. What Happened: The Bureau of the Treasury originally planned to sell $179 million in Tokenized Treasury Bonds (TTBs). However, the bids for the TTBs peaked at 31.426 billion Pesos making it oversubscribed by...

Taking a major step toward a new digital financial era, the Philippines will launch tokenized treasury bonds in the next week with a one-year maturity. What Happened: The Philippines National Government through the Bureau of Treasury plans to launch the country’s first-ever offering of...

Ant Group, an affiliate company of Alibaba Group Holding Ltd - ADR's (NYSE: BABA), announced the addition of four mobile wallets now accepted in the Philippines. The wallets are part of its global cross-border digital payments and marketing solution, Alipay+. The wallets include:...

The Philippines ruled out the idea of Washington storing weapons to potentially use them to protect Taiwan on bases the U.S. has access to through the Enhanced Defense Cooperation Agreement (EDCA). What Happened: Enrique Manalo, Manila's Secretary of Foreign Affairs, stated that the country would...

Amid Xi Jinping's growing influence in the Asia-Pacific region, the U.S. and the Philippines have agreed to ramp up military capabilities over the next five to 10 years.  What Happened: As per the "security sector assistance roadmap," Washington will supply Manila with...

Three Southeast Asian countries are reportedly locking horns for Warren Buffett-backed BYD Co Ltd.‘s (OTC:BYDDF) (OTC:BYDDY) new electric vehicle assembly plant. What happened: The Philippines, Vietnam and Indonesia are all eager to host BYD’s plant, reported Bloomberg. See Also: Best...

TDCX, Inc. (NYSE: TDCX), a high-growth digital customer experience (CX) solutions provider for technology and blue-chip companies, announced recently it is opening a new office in Iloilo in the Philippines. This latest move from the rapidly growing company will help it better serve the booming...

U.S. President Joe Biden will be meeting his Philippine counterpart Ferdinand Marcos Jr on Thursday, according to a report in Bloomberg. Marcos is in New York for the United Nations General Assembly.   What Happened: At their first meeting, the two leaders will look to rebuild...

The Philippine peso fell to a record low versus the dollar on Friday, as surging imports expanded the trade deficit to an all-time high of $5.84 billion in June, while the dollar remained strong. The peso depreciated by 10% this year, falling to 56.90 against the dollar. The currency is the third...

In the lead-up to the Philippines' 2022 general elections, Meta Platforms, Inc (NASDAQ: FB) says it has taken down over 400 accounts, Pages, and Groups focused on fake engagements. This comes as a part of the Facebook parent company's move to crack down on hate speech and...

The largest integrated resort in the Philippines will become publicly traded as part of a SPAC deal announced Friday. The SPAC Deal: Okada Manila announced a SPAC merger with 26 Capital Acquisition Corp (NASDAQ: ADER) valuing the company at an enterprise value of $2.6 billion. 26 Capital is a SPAC...