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PH tops 36 countries with $12b in climate damages

Zurich—The Philippines is the country suffering the highest annual economic losses from the impact of four major weather perils studied—floods, tropical cyclones, winter storms and severe thunderstorms—at three percent of its gross domestic product (GDP) or about US$12 billion (P673 billion).  The country is also “exposed to hazard intensification in …

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Australia eyes elevated ties with PH on economy, agri, defense

MANILA – Australia is seeking a “new level of engagement” with the Philippines in various areas of cooperation such as economy, education, agriculture, and defense, Malacañang said on Friday The commitment was made by Australian Prime Minister Anthony Albanese during the second and last day of President Ferdinand R. Marcos Jr.’s …

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Foreigners not allowed to sit on Maharlika board — DOJ

Speaker Ferdinand Martin G. Romualdez, with fellow lawmakers, applauds President Ferdinand R. Marcos, Jr. after the Chief Executive signed into law the bill establishing the Maharlika Investment Fund (R.A. 11954) in rites held at Malacanang Palace./Office of House Speaker Martin Romualdez  MANILA, Philippines — Malacañang cannot appoint foreign nationals as …

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PH, Australia boosting ties

WELCOME DOWN UNDER. President Marcos and First Lady Lisa Araneta-Marcos are all smiles after being welcomed by Australian Prime Minister Anthony Albanese and his fiancée Jodie Haydon at The Lodge on the Philippine leader’s arrival in Canberra on Wednesday. PPO photo President makes historic address to Parliament, to sign 3 …

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Marcos appoints Rogelio Quevedo as new PCGG commissioner

Philippines’ President Ferdinand Marcos Jr. addresses the House of Representatives at the Parliament House in Canberra on February 29, 2024. Ferdinand R Marcos Jr. is visiting Australia for his first official visit to hold talks on bilateral and international issues. (AFP / David Gray)  MANILA, Philippines — President Ferdinand Marcos …

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