Philippines
Southeast Asia expands pumped hydro to boost energy storage
As Southeast Asia rapidly transitions toward renewable energy, countries across the region are investing heavily in pumped hydro energy storage (PHES) to enhance grid stability and support sustainable growth
Typhoon ‘Nika’ slams into Luzon, bracing the Philippines for a week of severe weather
Typhoon Nika, known internationally as Toraji, has intensified rapidly, bringing powerful winds and heavy rainfall to the northern Philippines
Philippines achieves record $3.5bn surplus as economy rebounds
The Philippines has reported its largest dollar surplus in nearly four years, highlighting a remarkable recovery in its balance of payments.
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Declining rice prices signal stable inflation ahead for the Philippines
Metrobank Research has projected that declining rice prices will help maintain inflation at a stable 2% for the remainder of the year, enabling the Bangko Sentral ng Pilipinas to consider further interest rate cuts to support economic growth
China’s military – bringing together modernisation and escalating aggression
In recent years, the PRC has escalated both maritime and aerial incursions into Taiwan's territory, including detaining a Taiwanese fishing boat, conducting patrols that crossed the Taiwan Strait's median line, and increasing harassment around Kinmen
Taiwan, Japan and ASEAN member nations deliver a diplomatic broadside to China
Taiwan President William Lai on October 10 – the nation’s National Day - vowed to safeguard the island’s self-governing status in his most prominent public address to date since taking office earlier this year
Vietnamese fishermen beaten with metal rods by Chinese forces near Paracel Islands
In what is being seen as the latest in a long line of examples of Chinese intimidation tactics against non-Chinese fishermen, reports are emerging of a vicious, organised attack by Chinese paramilitary forces against Vietnamese fishermen.
COMMENT: From Globalisation to “slowbalisation” as FDIs decline on trade and geopolitical woes
Global flows of foreign direct investment have trended downwards, both in absolute terms and as a share of world GDP, driven by multiple factors including changes in industrial organisation, increasing barriers to trade and investment.
Philippines eyes bold rate cuts as inflation slows
As inflation eases, the Bangko Sentral ng Pilipinas is poised to consider significant interest rate reductions, with Finance Secretary Ralph Recto suggesting the possibility of mirroring the US Federal Reserve's recent aggressive move
Actis commits $600mn to Philippines’ largest solar power project
London-based investment firm Actis has formalised a significant $600mn investment into the Philippines, aiming to develop the country’s—and the world’s—largest single-site solar power project
South China Sea tensions escalate as Manila expands air patrols
Rising tensions in the South China Sea have intensified following the Philippines' increased air patrols and airdrop operations near contested reefs
Chinese vessels block Philippine resupply mission as South China Sea tensions rise
In a fresh escalation of tensions in the South China Sea, Chinese vessels obstructed a Philippine resupply mission on August 26, disrupting a routine operation within the Philippines' exclusive economic zone