Day: December 2, 2025

Muscat: The nine Filipino crew members of the ill-fated M/V Eternity C held captive by the Houthis will soon be released, the Department of Foreign Affairs (DFA) said Tuesday. In a statement, the DFA confirmed it received the news from authorities in the Sultanate of Oman, who are aiding in facilitating the release of the Filipino seafarers. According to Philippines News Agency, the DFA has not specified a timeline for the release or repatriation of the nine crew members. However, plans are in place to transfer them from Sana’a, Yemen, to Muscat, Oman. The Philippine Embassy in Muscat, along with

Mandaluyong city: Citing the expansion in Philippine exports, Trade and Industry Secretary Cristina Roque called on exporters to maximize opportunities to further bolster the sector. This development comes as merchandise exports sustained growth for the 10th consecutive month in October, reaching USD70.43 billion, which is 13.8 percent higher than the USD61.9 billion recorded in the same period last year, according to data released by the Bureau of Investments (BOI). According to Philippines News Agency, the growth is primarily driven by electronics, which rose 11.7 percent to USD40.82 billion from the previous year’s USD36.54 billion. Electronic Data Processing posted the highest

Manila: Issuance of government securities, along with weakening of the Philippine peso, resulted in the 0.61 percent jump in government liabilities in October 2025 against the previous month’s level. Data released by the Bureau of the Treasury (BTr) Tuesday showed that outstanding debt of the government totaled PHP17.56 trillion as of end-October, up by PHP106.78 billion compared to the end-September 2025 level. According to Philippines News Agency, the expansion was driven by net issuances of domestic and external liabilities, as well as due to the upward revaluation effects of the weaker peso against the US dollar. Of the total, the

Pasay city: Risks from a global economic slowdown have been lessened by the institution of the Tatak Pinoy Program, which ensures a national industrialization program that will benefit local businesses. Department of Economy, Planning and Development (DEPDev) Undersecretary Rosemarie Edillon, during a panel discussion at the launching of the Tatak Pinoy Program in Pasay City, expressed concerns about a 47.7-point drop in the Philippines’ S and P Global Manufacturing Purchasing Managers Index (PMI) for November. An index above 50 indicates expansion, while numbers below this threshold suggest contraction. According to Philippines News Agency, Edillon highlighted that the Tatak Pinoy Program,