MANILA—The Department of Finance (DOF), Development Bank of the Philippines (DBP), and the World Bank signed today a tripartite loan agreement for a project designed to promote investments in local public infrastructure and services. Approved by the World Bank Board of Executive Directors on December 1, 2011, this new US$50 million financing will fund the [...]

MANILA (AP) — Philippine-Korean relations have suddenly gotten warmer. The Philippines’ president, Benigno Aquino III, told reporters Wednesday that, yes, he is dating again. This time it’s a South Korean woman who grew up in Manila and works there as a TV show host and radio disc jockey. View Source

President Benigno S. Aquino III led the launching Friday of the Philippines Business Registry System (PBRS) in Makati City which is aimed at streamlining business registrations in the country and eliminating red tape. The PBRS is a web-based system that will serve as a one-stop shop for entrepreneurs who want to transact or register their [...]

MANILA — Nine young changemakers in the Philippines have the chance to contribute to improving the world on a wider platform, and on a global scale, when they were chosen by the World Economic Forum as the Young Global Shapers of the Philippines. The World Economic Forum is an independent, international organization whose mission is [...]

MANILA (AP) — Call center operators in the Philippines who serve mostly U.S. clients on Wednesday shrugged off President Barack Obama’s initiative to bring outsourced jobs back home. The Business Processing Association of the Philippines that groups 250 companies said that outsourcing has allowed U.S. companies to survive the global financial crunch by lowering costs [...]

Books for the Barrios Inc., a California-based, not-for-profit, public-benefit corporation, presented to President Benigno S. Aquino III Friday in Malacanang the fourteen-millionth children’s book shared by California’s youth to Filipino children. According to the corporation, Friday’s event is a “pure gesture of solidarity between our peoples, as we work together to promote peace and protect [...]

The strengthening of bilateral cooperation in all aspects of mutual interest to both the Philippines and Thailand will be the main focus of the discussion when Prime Minister of Thailand Yingluck Shinawatra meets President Benigno S. Aquino III during her official visit to the country on Thursday (January 19), a Palace official said on Wednesday. [...]