IMF sees resilient global economy

WASHINGTON, D.C.: The recent oil price spike fueled by rising Middle East tensions has the potential to derail the International Monetary Fund's (IMF) “relatively good” outlook for the world economy, its chief economist told Agence France-Presse (AFP). “We are projecting a global economy that is quite resilient for 2024,” Pierre-Olivier …

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Japan records 5.89T yen trade deficit

TOKYO: Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose, and the yen remained weak. The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released on Wednesday. …

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Heartbreak in ‘paradise’

The Ati people, hopeful and trusting, were deceived, and their dreams shattered like glass against stones A story of heartbreak and injustice lies behind the beauty of the tropical paradise of Boracay. The Ati people, the indigenous inhabitants of this island, have been wronged in a despicable way. It all …

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US senators seek $500 million aid for AFP

More than 2,000 members of Philippine and Australian defense forces and US marine corps aviation from marine rotational forces conduct military exercises as they participate in the first Indo-Pacific Endeavour 2023 amphibious operation at the Naval Station in San Antonio, Zambales on August 25, 2023./KJ Rosales  MANILA, Philippines — Two …

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DOJ, Navy eye raps vs. Alvarez

Rep. Pantaleon Alvarez Probes to determine whether statements seditious, rebellious The Department of Justice and the Philippine Navy will investigate the statements of Davao del Norte Rep. Pantaleon Alvarez to determine whether the lawmaker can be held liable for sedition, inciting to sedition or rebellion for calling on the military …

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