News list for "Philippine"
A crypto industry-backed developer program is giving students in a remote province their first exposure to on-chain building.
On September 16, Gan Yu, a spokesperson for the Chinese Coast Guard, said that on September 16, the Philippines organized more than 10 official vessels to illegally invade the territorial waters of China's Huangyan Island despite China's repeated discouragement and warnings. The Chinese Coast Guard controlled and expelled the Philippine vessels in accordance with the law. During this period, the Philippine official vessel 3014 maneuvered dangerously and deliberately rammed into China's normal la...
Q: In his recent speech, Philippine Defense Secretary Teodoro once again attacked and smeared China, and made irresponsible remarks on China's internal and external affairs such as the Shanghai Cooperation Organization Tianjin Summit, the 80th anniversary of the victory of the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War. What is the embassy's comment on this? A: This is not the first time that the Philippine Defense Secretary has made anti-China ...
On July 12, a spokesperson for the Chinese Embassy in the Philippines said: China's position on the South China Sea arbitration case is consistent, clear and firm. The South China Sea arbitration case is essentially a political farce under the guise of law. The US ambassador to the Philippines and a few other countries' envoys in the Philippines ignore facts and confuse black and white. Every year on the anniversary of the illegal ruling, they hype up and create false narratives in an attempt to...
President Donald Trump sent a trade letter to the Philippines and Brunei, imposing a 20% tariff on goods from the Philippines and a 25% tariff on goods from Brunei.
On February 18, a Philippine C-208 aircraft illegally intruded into China's airspace over Huangyan Island without the permission of the Chinese government. It also reversed black and white and spread false narratives. The Southern Theater of the Chinese People's Liberation Army organized naval and air forces to follow up, monitor and warn to deport in accordance with laws and regulations. The Philippines' actions seriously violated China's sovereignty and seriously violated relevant provisions o...
On January 21, Martha Sazon, president and CEO of GCash, a major fintech platform in the Philippines, said on Monday that the company is preparing for an IPO and is building its suite of financial products in addition to payments. "We want to further expand our lending business and investment platform,...
Philippine banks are collaborating to create a peso-backed stablecoin, PHPX, aimed at improving cross-border transfers and financial inclusion. The PHPX token is scheduled to be launched between May and July. The PHPX stablecoin, developed by Singaporean startup Just Finance, will be launched on the Hedera decentralized ledger technology (DLT) network. According to the Ledger Insights report, participating Philippine banks include Union Bank of the Philippines, Rizal Commercial Bank, Cantillan B...
The Philippine Securities and Exchange Commission (SEC) has introduced a wide range of crypto asset management rules covering disclosure, public offerings, trading, and marketing activities. The regulations are designed to enhance investor protection and promote transparency in the burgeoning digital asset market. According to the new guidelines, crypto-asset offerings must submit disclosure documents to the SEC at least 30 days before any marketing activity or public sale. The documents must be...
The Central Bank of the Philippines (BSP) said recently that it has completed a proof-of-concept trial of its Agila Project Wholesale Central Bank Digital Currency (wCBDC) with other Financial Institution Groups. Specifically, the latest trial tested whether banks in the Philippines can make payments to each other outside banking hours such as evenings, weekends, and holidays. BSP Governor Eli M. Remolona, Jr., said: "Wholesale CBDCs have the potential to enhance liquidity management, reduce set...
