Day: July 1, 2025

Manila: The robust growth of foreign investments in the Philippines compared to the country’s investments overseas resulted in an increase in the country’s net external liabilities by end of March. According to Philippines News Agency, the country’s net external liabilities rose by 5.8 percent to USD69.3 billion by the end of the first quarter this year against USD65.5 billion by the end of December 2024, based on data released by the Bangko Sentral ng Pilipinas (BSP) Monday night. The BSP attributed this to the 2.7 percent jump in external financial liabilities to USD326.8 billion compared to the 1.9 percent rise

Taguig city: The Philippine Army (PA) announced on Tuesday the successful completion of a six-week cyber warfare exercise in collaboration with the Australian Defense Force (ADF). The initiative was aimed at bolstering cyber defense and resilience through joint cyber operations. According to Philippines News Agency, the exercises, named “Joint Defense Forward Training Activity,” took place at the Army headquarters in Fort Bonifacio in Taguig City, running from mid-May until June 26. PA spokesperson Col. Louie Dema-ala stated that the exercises were essential for enhancing capabilities in detecting, analyzing, and mitigating sophisticated digital threats. The drills featured key activities such as

Manila: The Power Sector Assets and Liabilities Management (PSALM) Corporation remitted an all-time high PHP8.96 billion dividend to the national government, the Department of Finance (DOF) said. According to Philippines News Agency, Finance Secretary Ralph Recto, on behalf of the National Treasury, received the remittance during the ceremonial turnover on Monday at the DOF office in Manila. “We will make sure every peso you contribute will be felt by the people. It will be used for programs that matter most. It will be invested back into the nation,” Recto stated. The dividend remittance aligns with President Ferdinand R. Marcos, Jr.’s

Pasay city: President Ferdinand R. Marcos Jr. underscored the vital role of the Philippine Air Force (PAF) in national security and disaster response during the PAF’s 78th founding anniversary celebration at Villamor Air Base. He pledged ongoing government support to enhance and modernize the service amidst ongoing regional threats and internal challenges. According to Philippines News Agency, President Marcos lauded the PAF for its steadfast commitment to its mission and improving capabilities in securing the nation’s airspace and assisting civilian communities. He emphasized the PAF’s integral presence in defense and humanitarian operations, acknowledging its efforts in monitoring air and maritime

Pasig city: The Department of Health (DOH) has partnered with the country’s first Anti-Vape and Anti-Tobacco Student Council, marking a significant step in its youth-centered efforts to combat the rising use of tobacco and vape products among students. The initiative aims to empower students and raise awareness about the health risks associated with smoking and vaping. According to Philippines News Agency, the council is composed of young advocates from Eusebio High School in Pasig City, where a health literacy campaign was conducted to highlight the dangers of smoking and vaping. The DOH noted that the student leaders of Eusebio High