Philippines

Philippines plays catch-up as more central banks tap `big data'

The Philippine central bank is beefing up its data tools to get a better handle on a fast-growing economy, which is starting to flash warning signs because of a rapid buildup of debt.Like central banks across Southeast Asia, Bangko Sentral ng Pilipinas is pushing to capture information from “big data,” drawn from sources such as online search engines, job websites and proprietary registers.

11 January 2018
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Soldier, five rebels dead in southern Philippines clash

Five Muslim rebels and a soldier were killed during a weekend ground and air assault by Philippines security forces on militants supportive of the Islamic State group in a restive southern region, the military said Monday. The Philippine army pounded some 50 militants with artillery in a five-hour attack on the island of Mindanao Saturday, according to regional military spokesman Captain Arvin Encinas. One soldier and at least five members of the rebel Bangsamoro Islamic Fre

8 January 2018
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New ASEAN chief vows disaster relief boost after deadly storms

The Association of Southeast Asian Nations (ASEAN) needs to beef up its disaster management efforts after the region was hammered by deadly storms that left a path of destruction in their wake, its new chief said Friday.Secretary-general Lim Jock Hoi, a veteran Bruneian diplomat, pointed to a tropical storm that battered the southern Philippines last month leaving at least 240 dead and tens of thousands displaced.Also in December, a tropical cyclone pounded Indonesia's main island of Jav

5 January 2018
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Two dead in 'mistaken identity' shooting by Philippine police

Philippine police have killed two people, including a woman on her way to hospital, after mistaking them for gunmen, authorities said Friday, the latest deaths at the hands of law enforcement under President Rodrigo Duterte.The incident occurred on Thursday night when police were called to a Manila suburb following an earlier shooting during an argument between residents.But they mistakenly opened fire on a van that they thought was carrying the shooter but which in fact was taking a woman in

29 December 2017
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Preventing Another ‘Battle Of Marawi’

Southeast Asia is no stranger to acts of terrorism – from the 1975 hostage crisis in Kuala Lumpur perpetrated by the Japanese Red Army and, the recent bloody battle which took place in the southern city of Marawi in the Philippines. The latter is most likely the freshest incident in our minds. The siege of Marawi lasted 5 months, left more than 1,000 dead was the region’s first full-blown encounter with the terrors of the Islamic State (IS).

27 December 2017
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Philippines storm death toll climbs to 240, scores missing

The death toll from a storm that unleashed landslides and floods across the southern Philippines has climbed to 240 with scores of others still missing, officials said Monday.Tropical Storm Tembin on Friday struck the country's main southern island of Mindanao, which often escapes the 20 or so storms that batter the rest of the archipelago nation each year.Civil defence officials said the number of confirmed deaths from Tembin on Mindanao's Zamboanga peninsula had risen to 78, while

26 December 2017
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China bolsters presence in South China Sea

During the Association of Southeast Asian Nations (ASEAN) Summit in November, Philippine President and ASEAN chair, Rodrigo Duterte announced that China has agreed to a binding Code of Conduct – building upon the previous non-binding Declaration of Conduct signed in 2002.The goal, in the words of Chinese Premier, Li Keqiang was to ensure that claimant countries in the South China Sea dispute would be able to ‘bolster mutual understanding and trust.’The progress was hailed as a huge milestone

26 December 2017
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Duterte's son resigns from Philippine government post

Philippine President Rodrigo Duterte's eldest son resigned from his local government post Monday, citing allegations of links to drug smugglers which he denies and a bitter social media dispute with his own daughter.Paolo Duterte told the city council of Davao, a southern port where he serves as vice-mayor, that he was resigning because of "recent unfortunate events in my life" – citing family problems and allegations of drug smuggling."These among others, include the mali

26 December 2017
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Four dead, 11 missing as ferry capsizes off Philippines

Over 200 passengers and crew were plucked to safety after the Mercraft 3 keeled over in heavy seas en route to a remote island, officials said."The wind suddenly picked up and the boat was forced to stop when the bow started taking in water.

22 December 2017
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Philippine peso seen as Asia's laggard for 2018 as deficit grows

Investors rejoicing over the Philippine peso’s rally to a six-month high should beware: the currency is predicted to be Asia’s worst performer next year.The peso will slide to 51 per dollar by end of 2018, a loss of 1.5 percent from current levels, according to the median estimate of a Bloomberg survey, with a most bearish projection of 56.

22 December 2017
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