Cesar Purisima, finance secretary of the Philippines, says factors such as better governance helped the country to grow over 6 percent every year since 2012. He adds that the government is aiming for a faster pace of growth so as to eradicate poverty.» Read More
Weeping mourners have been paying their respects at the wake of former President Corazon Aquino, with some pledging to carry on her legacy by protecting the democracy she helped install 23 years ago.
More than a quarter of US employers expect more of their high-skill positions to be shipped overseas.
Philippine Long Distance Telephone (PLDT), the country's most valuable firm, said on Tuesday its quarterly net profit fell 9 percent as a strong peso hurt its dollar-linked revenues.
Joseph Estrada, outspoken former president of the Philippines and hero of countless movies against injustice and corruption, was remarkably restrained on Wednesday when he was sentenced to life imprisonment for plunder.
The Philippine peso and Singapore dollar led the losses in Asia on Wednesday as investors extended their aggressive sales of risky assets on fears U.S. credit market woes were spreading overseas.