Expressing his gratitude, the newly elected President said, “I am grateful to assume the role of BPCCI President and look forward to working together with my colleagues to strengthen business ties between Bangladesh and the Philippines. With joint efforts and dedication, we can move towards our shared vision of fostering innovation and accelerating economic growth.”…
Ministry spokesman Mao Ning told a news briefing that the Philippine ships “ignored warnings from the Chinese coast guard and insisted on entering the waters near the Second Thomas Shoal”, adding that China’s operation was “professional, appropriate and legal. ” Was. The Philippine ships were attempting to resupply military personnel stationed aboard a warship years…
Ressa and Rappler faced five government charges of tax evasion stemming from the 2015 issue of Philippine depositary receipts, which are a way for companies to raise money from foreign investors. In January a court acquitted him of four charges. The fifth was heard by a separate court, which on Tuesday cleared him and the…
Jaago Foundation founder Korvi Rakshchand has been honored with Ramon Magsaysay Award-2. Along with him, three citizens from India, Philippines and East Timor have also won this prestigious award. The names of four winners, including Korvi Rakshand, were published on the website of the Ramon Magsaysay Award Foundation on Thursday. This award is given by…
Maia Santos Deguito was directly involved in money-laundering as manager of the Makati branch of the RCBC. Although the bulk of the money stolen from the Bibi Reserve was transferred to the Philippines, about $20 million was sent to Sri Lanka. Bangladesh later recovered that $20 million from Sri Lanka. However, most of the money…
The exercise is aimed at boosting Manila’s military capability as a US show of support for its Asian ally amid China’s growing assertiveness. About 18,000 troops are taking part in the annual exercise, which includes the sinking by live fire of a decommissioned Philippine Navy warship in the South China Sea for the first time,…
It will be the first time the exercise has been held under President Ferdinand Marcos, who has sought to strengthen ties with the United States after his predecessor Rodrigo Duterte scrapped the alliance. “Through this exercise, the Philippine and US military will sharpen our interoperability, increase our efficiency and complement our capabilities through cooperation, ensuring…
Details of the deaths were not immediately available, but Fajardo said the victims included children who had been abandoned by parents while swimming, as well as people who hit the beaches under the influence of alcohol. Fajardo described the death toll as “unusual” and higher than in previous years. “Resorts and beaches were overcrowded. This…
Earthquakes are frequent in the Philippines, which sits along the Pacific “Ring of Fire”, an arc of intense seismic as well as volcanic activity that extends from Japan into Southeast Asia and the Pacific Basin. Most are too weak to be felt by humans, but also come in strong and devastating, with no technology available…
“We wanted to do a different kind of flower arrangement (for Valentines), especially since onion prices have gone up and we want to join the trend,” Nits Evangelista, a 25-year-old florist, told Reuters. Earlier this month, a branch of Japan Home Center, a popular chain of retail stores in Manila, accepted onions as pay-a-day, offering…
Volunteers receive 20 pesos ($0.37) for each egg collected, or four times the income they make from selling them. The eggs are transferred to the program’s hatcheries for re-incubation in protected areas. Jesse Cabbage, a former hunter who grew up eating turtle meat and eggs, said the extra income from egg collection goes a long…
Marcos, who has met with US President Joe Biden twice since his landslide victory in the presidential elections in May, reiterated that he could not see a future for his country without the longtime treaty ally. Marcos told Austin, “I’ve always said, I think the future of the Philippines and for that matter the Asia…
Marcos has also approved the launch of an online visa for Chinese, Indian, South Korean and Japanese tourists this year. According to the Department of Tourism, the Philippines recorded 2.65 million international visitors last year, bringing in an estimated $3.68 billion in revenue, exceeding a 2022 target of 1.7 million tourists. Last year’s total included…
“The judgment and order merely resolved the jurisdictional issues and in no way ascertained the liability on the part of RCBC, or any individual respondent,” it said in a stock exchange disclosure. Bangladesh Bank welcomed the court’s decision in a statement this week, saying it cleared the way as needed for the case to progress…
The New York Supreme Court has ordered arbitration of Bangladesh’s case against Filipino Rizal Commercial Banking Corp, or RCBC, and other defendants over the 2016 cyber robbery of the country’s central bank. Bangladesh Bank spokesperson Mezbal Haq said after receiving the copy of the order that the court passed the order on January 13, dismissing…