Millions of children returned to school in the Philippines today at the start of the new school year, marking for many a return to normal life since the outbreak of the COVID-19 pandemic. The Philippines is one of the last countries in the world to resume full and in-person classes, while prolonged school closures had […]
Tag: Philippines
GBP/USD pulls back from weekly highs and approaches 1.2200
GBP/USD falls almost 0.05% amid risk aversion momentum as US dollar weakens. Prices paid by producers in the US eased, while jobless claims rose for the second week in a row. GBP/USD Price Analysis: Pulled back from a descending channel trendline, with an eye on a break below 1.2200. The GBP/USD is off weekly highs […]
Philippines: Former President Fidel Ramos has died at the age of 94
Former Philippine President Fidel Ramos, who led the country through a rare period of growth and peace, died today at the age of 94, senior officials said. “Eddie” as he was nicknamed by the Filipinos, served as president from 1992 to 1998. “It is with great sadness that we learned of the death of former […]
Philippines: 7.1 magnitude earthquake in the northern part of the archipelago
A very strong 7.1-magnitude earthquake hit the northern Philippines today, the United States Seismological Institute (USGS) announced, which initially estimated the magnitude of the earthquake at 6.8. So far, no casualties or damage have been reported by authorities. Residents of Manila reported that buildings were shaken. The earthquake, at a depth of 10 kilometers according […]
Philippines: 7.1 Richter earthquake in the northern part of the archipelago – At least two dead, dozens injured, material damage
LAST UPDATE: 08.49 A powerful 7-magnitude earthquake struck the northern Philippines today, killing at least two people, injuring dozens and sending residents into panic as it shook buildings as far as the capital Manila, 300 kilometers from its epicenter. According to the US Seismological Institute (USGS), the tremor was recorded at 08:43 (local time; 03:43 […]
Philippines: 7.1 Richter earthquake in the northern part of the archipelago – At least 4 dead, 60 injured
LAST UPDATE: 10.05 The powerful earthquake that struck the northern Philippines today resulted in the loss of at least four lives and the injury of 60 others, Interior Secretary Benjamin Avalos announced. Two people were killed in Benguet province, one in Abra province and one in another province, according to the latest account given by […]
Philippines: Nobel Peace Prize laureate Maria Ressa convicted in second degree for defamation
Filipina journalist Maria Ressa, who has been awarded the 2021 Nobel Peace Prize, has lost her appeal against an earlier conviction for defamation of an online media outlet, news website Rappler announced today. Maria Ressa and her former colleague Rey Santos Jr. face the risk of long prison terms, but “will use all legal avenues […]
Philippines: Nobel Prize-winning journalist Maria Ressa’s website shut down
In the last two days of President Rodrigo Duterte’s term in office, the Hellenic Capital Market Commission (SEC) has issued an order reaffirming its decision to revoke Rappler’s certificates of incorporation. The order is dated June 28. What does this mean; “We have legal remedies up to the highest court in the country. It is […]
Philippines: Central bank raises interest rate by 25 basis points
The central bank of the Philippines raised the key interest rate to curb rising prices amid long-term prospects for higher inflation in the Southeast Asian country. Bangko Sentral ng Pilipinas raised its overnight base lending rate by 25 basis points to 2.5% and the corresponding lending rate to 3%. The bank said that “upward risks […]
Philippines: Ferdinand Marcos Jr. officially becomes president – Announcement in Congress
The Philippine Congress today announced Ferdinand Marcos Jr., the son of the former dictator, winner of the recent elections, and confirmed that he will be the next president of the country. The proclamation formalizes what was previously considered unthinkable, namely the return of the infamous Marcos political dynasty to power after a “popular revolution” in […]