Philippines Financial News

fire that broke out on July 19 on a merchant navy ship off the Karwar coast has been doused and efforts are underway to ensure the affected vessel remains in deep sea considering the grave threat posed to the coastline, the Coast Guard said on Tuesday. «The vessel is presently 13 nautical miles west of New Mangalore and heading towards open sea,» the ICG stated in a release.

President Ferdinand Marcos Jr. has ordered an immediate ban on widespread and mostly Chinese-run online gaming operations in the Philippines accusing them of venturing into crimes, including financial scams, human trafficking, torture, kidnapping and m...

Netflix has been unveiled. The latest season of the popular show will drop in the OTT streaming platform in two parts. «Emily in Paris» Season 4 Part 1 is scheduled to be released on August 15 this year. The second part will premier on September 12, 2024, as per a report on Dexerto. «Emily in Paris» Season 4 cast includes Lily Collins, Ashley Park, Lucas Bravo, Camille Razat, Philippine Leroy, Samuel Arnold, Bruno Gouery, William Abadie, and Lucien Laviscount.

South China Sea this week to successfully rehearse anti-submarine operations, naval combat and providing air defence to vessels, Russia's TASS news agency reported on Thursday. TASS cited a statement from Russia's Pacific Fleet as saying that the drills — dubbed 'Maritime Cooperation 2024 — had now finished. The opening ceremony of the exercise took place in the Chinese port of Zhanjiang, the Russian defence ministry said earlier this week.

U.S. Olympic men's basketball team took the floor for warmups before an exhibition game in Abu Dhabi: Stephen Curry opened with a layup, followed by ones from Tyrese Haliburton, Anthony Edwards and Derrick White, and then a short jumper from Devin Booker. All were met with some cheers. And then LeBron James got the ball in his hands. The crowd got louder immediately, the volume rising until his dunk was met with the loudest roar the arena could muster. «He's still LeBron,» U.S. assistant coach Erik Spoelstra said.

Two Russian men have been charged with stealing almost $6 million worth of XRP from the Philippines-based crypto exchange Coins.ph.

Several YouTube accounts of prominent Filipino musicians have been hacked, and they are now being used to promote an XRP scam involving a deep fake video of Ripple CEO Brad Garlinghouse.

Tether has introduced a new payment option for the Philippines people, allowing them to pay their social security system (SSS) contributions using its stablecoin, USDT.

Philippines’ central bank issued a warning on Friday, urging citizens to be more cautious about crypto scams on social media. It clarified that Governor Eli Remolona, Jr. does not endorse an alleged crypto project “Tesler Code” or any other crypto investment.

Starz has unveiled the trailer for Season 2 of “The Serpent Queen,” starring Samantha Morton. This historical drama series will return with eight episodes on July 12.

Leading Filipino crypto exchange Coins.ph has launched its Philippine Peso stablecoin, PHPC, on the Ronin blockchain.

Taiwan's defence ministry said Thursday it had detected 66 Chinese military aircraft around the island in a 24-hour window, a record-high this year, a day after it said Beijing was conducting exercises in nearby waters. China claims self-ruled democratic Taiwan as part of its territory and has said it will never renounce the use of force to bring it under its control. Thursday's record follows Taipei a day earlier spotting Chinese aircraft around the island that it said were headed to the western Pacific for exercises with the PLA aircraft carrier Shandong.

Philippines Coast Guard has successfully tracked and challenged the Chinese Coast Guard (CCG) ship 5901 after it anchored in the Exclusive Economic Zone of Philippines. The ship was spotted in the South China Sea. Further, this ship is considered to the largest coastguard ship in the world and even larger than all most all of the US Coast Guard ships. It is said to be larger than even some of the regular ships of the US Navy fleet too. This deployment is yet another aggressive step taken by the Chinese and is being perceived as an act of intimidation and an utter disregard for international maritime law.

A growing type of insurance, called parametric insurance, is helping farmers and others in developing countries respond to extreme weather events

India on Friday said it opposes unilateral actions seeking to change the status quo by force in South China Sea amid concerns over China's escalatory moves against the Philippines' maritime operations in the region. Tensions between China and the Philippines escalated following an incident of violent clash between their maritime security personnel few days back in the South China Sea. «We have always emphasised on adherence to international law, respect for the rules-based order, and resolution of disputes in a peaceful manner,» external affairs ministry spokesperson Randhir Jaiswal said. «Other than that, we also believe that there should not be any incident or approach that destabilises the region,» he said.

Marcos said Thursday that the Philippines needs to do more than protest Beijing's «illegal actions» in the South China Sea. Chinese coast guard personnel wielding knives, sticks and an axe surrounded and boarded three Filipino navy boats last week, video showed, foiling what Manila said was a resupply mission to troops manning a grounded warship on Second Thomas Shoal. It was the latest and most serious incident in a series of escalating confrontations between Chinese and Philippine ships as Beijing steps up efforts to push its claims to nearly all of the strategically located waterway.

aircrafts which had taken off from an airport in Lithuania disappeared and were smuggled into Iran. These two aircrafts were flying to Sri Lanka and Philippines. This is not the first time that Iran has smuggled aircrafts into the country. It has been reported by Metro that the two aircrafts changed their path and disappeared after entering the Iranian airspace. Further, authorities in Lithuania prevented a third aircraft from taking off. Iran has been sanctioned by many of the western countries including the US. This incident is alleged to have taken place in February.

An influential politician in the Philippines who supported expansion of natural gas power is behind a company that planned to make a fortune from it, an Associated Press investigation has found

An influential politician in the Philippines, who has been a cheerleader for natural gas power, is behind a company that planned to make a fortune from it, an Associated Press investigation has found

Red Sea needs to more than double in size because of escalating attacks by Iran-backed Houthi rebels, the head of the operation said. Four EU vessels have been patrolling the waters off the coast of Yemen since February. In that time, they’ve provided “close assistance” to 164 ships, shot down more than a dozen unmanned aerial vehicles and destroyed four anti-ship ballistics missiles, Rear Admiral Vasileios Gryparis said in an interview on Wednesday. The Yemen-based Houthis began attacking vessels last year to pressure Israel and its allies over the war in the Gaza Strip. Their campaign has roiled global shipping, forcing many vessels to sail thousands of miles around southern Africa instead — despite the EU operation and US and UK bombing that began in January.

Netflix has announced the streaming debut of the 2024 movie "Land of Bad," featuring Russell Crowe and Liam Hemsworth. This military thriller will be available on Netflix in the United States starting July 18, 2024, as per a What’s on Netflix report. Streaming Release Date