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What goes up must come down

AS we wrote in an editorial last week, the announcement of President Ferdinand Marcos Jr. during his 5th State of the Nation Address (SONA) on July 27 that the Philippines would pursue the establishment of a space launch facility, is a pleasantly surprising ambition, and one that could pay huge dividends to the coun…

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Two hands: One steady, the other helping

FINANCIAL markets have an unfortunate habit of rewarding drama. A surprise interest rate cut sends traders into a frenzy. A collapsing currency dominates headlines. Yet, some of the most consequential developments are the ones that barely register beyond the business pages. The United States Federal Reserve’s (Fed) …

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August 5 and the unfinished quest for peace in Kashmir

ON Aug. 5, 2019, India revoked the special status of Indian Illegally Occupied Jammu and Kashmir (IIOJK) and divided the territory into two Union Territories without the consent of the Kashmiri people. These actions were followed by a strict security lockdown, the detention of political leaders and a communications …

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Bessent cites volatility in Korean won while stressing stable yen's importance

WASHINGTON, Aug. 4 (Yonhap) -- U.S. Treasury Secretary Scott Bessent said Tuesday the South Korean won has experienced "excess volatility," as he underscored the importance of a stable yen for the "entire region" following a recent intervention by the United States and Japan to boost the Japanese currency.

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Erice: Filipinos paying price for Marcos admin’s political infighting, unmet promises

MANILA, Philippines — Caloocan 2nd District Rep. Edgar “Egay” Erice on Tuesday said Filipinos are paying the price for political infighting and unfulfilled promises, saying President Ferdinand Marcos Jr.’s pledge of national unity has given way to divisions while many campaign commitments remain unmet.

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Proud Philippines honors Alex Eala

(UPDATE) MANILA, Philippines — Filipinos stayed way past midnight on Tuesday to watch the resumption of a Women Tennis Association (WTA) 500 finals match between local tennis sensation Alex Eala and the world No. 3 and tournament top seed Jessica Pegula. And they were not disappointed.

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