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OVP, defense decline comment on Marcos approval of BIR records release

MANILA, Philippines — The Office of the Vice President and Vice President Sara Duterte’s defense team declined to comment Thursday after President Ferdinand Marcos Jr. authorized the Bureau of Internal Revenue to release the tax records of Duterte and her husband, lawyer Manases Carpio, to the Senate Impeachment Court.

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Military begins network overhaul after bandwidth shortfalls

Staff reporter at The Korea Herald’s National Desk, based in Seoul. Covers South Korea’s national security and foreign policy, with a focus on the Defense, Foreign and Unification Ministries, as well as the National Assembly.Before entering journalism, served as an Air Force officer. Experience includes providing tr…

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Customs seizes ₱62.3M marijuana at NAIA, 4 Bangkok passengers arrested

MANILA, Philippines — Four passengers arriving from Bangkok, Thailand, were arrested Thursday after the Bureau of Customs (BOC) intercepted more than 41.551 kilograms of suspected marijuana with an estimated street value of ₱62.326 million concealed inside eight pieces of luggage at NAIA Terminal 3.

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Korea unveils fresh curbs on leveraged ETFs

The South Korean financial industry is moving to cushion the market impact of single-stock leveraged exchange-traded products through new rebalancing rules, while regulators prepare tighter curbs after a sharp sell-off deepened concerns that the instruments were amplifying swings in the country's largest chip stocks.

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