China and Philippines reclaiming land for four islands near Davao as China leverages the world largest dredging fleet

  China and the Philippines were planning to build four artificial islands. The four new artificial islands appear to be planned around Davao. They will be developed for mixed-use, business and residential purposes along the coastline under a P39-billion reclamation project that city government plans to undertake with a major …

Treasury raises P65B from retail bond offering

MANILA – The Philippines raised P65 billion from the sale of retail treasury bonds on Tuesday, double the size of the original offer, in an indication of strong demand for government securities, National Treasurer Roberto Tan said. The 10-year bonds will mature in 2026 and carry a coupon rate of …

Obama Cancels Meeting With Philippines President After Outburst

U.S. President Barack Obama scrapped a meeting with his Philippine counterpart, Rodrigo Duterte, in Laos after Duterte unleashed an expletive-laden warning against the U.S. interfering in a war on drugs that’s led to the deaths of thousands of suspects. National Security Council spokesman Ned Price said Obama won’t go through …

Bato: Even CIA cannot thwart all terror attacks

Philippine National Police (PNP) chief Director General Ronald Dela Rosa on Saturday called on critics to stop the blame game over the deadly explosion that hit Davao City on Friday night. “This is not the right time to point fingers,” Dela Rosa said after admitting in a press conference at …

Duterte wants OFWs in Saudi repatriated

MANILA, Philippines — President Rodrigo Duterte has ordered the repatriation of stranded overseas Filipino workers (OFWs) who were affected by the financial crisis in Saudi Arabia. Chief presidential legal counsel Salvador Panelo said Duterte issued the directive during a Cabinet meeting last Monday in Malacañan. “The president wants to repatriate …