MANILA — A Philippine court on Monday found embattled journalist Maria Ressa guilty of libel in a high-profile case that comes amid questions about press freedom in the country. Reynaldo Santos, who wrote the story that triggered the case, was also found guilty, according to a decision by Manila regional […]
Philippine
Coronavirus latest: China-backed AIIB approves $750m Philippine loan
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 5,722,859, according to Johns Hopkins University. The worldwide death toll has hit 356,279. To see how the disease has spread, view our virus tracker charts: […]
Coronavirus latest: Philippine task force urges easing lockdown
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 5,653,821 according to Johns Hopkins University. The worldwide death toll has hit 353,414. To see how the disease has spread, view our virus tracker charts: […]
Indonesia and Philippine central banks cross the Rubicon
JAKARTA/HONG KONG — Economic infection from the new coronavirus has pushed some central banks in developing Asia to cross the Rubicon and buy bonds directly from governments. Known as debt monetization, these bond purchases by Indonesia and the Philippines essentially provide free money for governments to spend, unless they are […]
Philippine home services company GoodWork raises $1.6m
HANOI — Philippine home services e-commerce platform GoodWork has raised $1.6 million in seed funding, led by California-based venture capital fund Chaac Ventures, according to an announcement. The round also saw participation from investors Elysium Venture Capital and Kairos K50, and angel investors from Facebook and Snapchat. GoodWork was founded […]
Duterte apologizes to Philippine tycoons he threatened to jail
MANILA — A “humbled” President Rodrigo Duterte apologized to business tycoons he once threatened to jail after saying he welcomed their response to the coronavirus crisis. The Philippine leader, who has had an antagonistic relationship with the country’s commercial elite, said during a televised address late on Monday that he […]
Philippine TV network that angered Duterte ordered shut
MANILA (Reuters) — The Philippines’ telecoms body ordered the country’s leading broadcaster ABS-CBN Corp to cease operations on Tuesday, as a parliament dominated by President Rodrigo Duterte’s loyalists dragged its feet over renewing its license. Duterte has repeatedly threatened to block the renewal of ABS-CBN’s franchise, after the channel angered him during the 2016 […]
Coronavirus latest: Philippine cuts policy rate unexpectedly
2:50 p.m. The Philippine central bank cuts its benchmark interest rate 50 basis points ahead of a May 21 policy meeting to counter the economic effects of the coronavirus pandemic. The cut takes the rate on the bank’s overnight reverse repurchase facility to 2.75% with effect from Friday. 12:40 p.m. China for […]
Coronavirus a threat to vital Philippine call centers
MANILA — Struggling to comply with strict government lockdown measures introduced to fight the coronavirus isn’t the only problem facing the Philippines’ vital call center industry. Generating around $25 billion a year in revenues, nearly a tenth of the economy, and employing around 1.3 million people, the business process outsourcing […]