Philippines

Philippine President Ferdinand Marcos Jr. plans a "soft launch" for his planned sovereign wealth fund when he attends the World Economic Forum in Davos, Switzerland, next week. (Nikkei montage/Reuters)
Economy

Marcos plans Philippine wealth fund 'soft launch' at Davos

President's Switzerland trip won't revive issue of ill-gotten riches, official says

12 January 2023
Ferdinand Marcos Jr. and Xi Jinping during a welcome ceremony in Beijing on Jan. 4: The Philippine president is likely to continue rebuilding ties with the U.S. and Japan.
Opinion

China will need more than promises to sway Marcos from U.S. turn

Philippine president's trip to Beijing yields no breakthroughs on key issues

11 January 2023
President Ferdinand Marcos Jr. pushes a button to start operation of tunnel excavators at a ceremony in Manila on Monday. (Photo by Yuichi Shiga)
Transportation

Tunnel digging begins for Japan-backed Manila subway line

Philippine's first subway aims to reduce capital's crippling traffic congestion

10 January 2023
Philippine President Ferdinand Marcos Jr., right, walks with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing, on Jan. 4.
Trade

Marcos snags $22.8bn in investment pledges on China trip

South China Sea dispute takes center stage in state visit to Beijing

5 January 2023
China's President Xi Jinping walks with Philippines' President Ferdinand "Bongbong" Marcos Jr. during a welcoming ceremony at the Great Hall of the People in Beijing on Jan. 4. (Office of the Press Secretary handout via Reuters)
South China Sea

Xi tells Marcos that China is ready to restart oil exploration talks

Philippine leader stresses cooperation amid South China Sea feud

5 January 2023
Philippine President Ferdinand Marcos Jr. speaks to reporters ahead of his visit to China, on Jan. 3. 
International relations

Marcos heads to China to tackle South China Sea tensions

Philippine president seeks to open 'new chapter' with economic deals

3 January 2023
A worker arranges tuna fish for delivery inside a van in Manila. The Philippines was the fifth-largest producer of canned tuna in 2017.
Food & Beverage

Japanese tuna company Hagoromo expands Philippine footprint

New office aims to bolster ingredient supply as rising costs squeeze profits

31 December 2022
Philippine President Ferdinand Marcos Jr. will make an official working visit to Japan from Wednesday to Feb. 12.
International relations

China and Philippines to open South China Sea hotline

New diplomatic line of communication announced ahead of Marcos visit

30 December 2022
(Source photos by Reuters and Kyodo) 
Obituaries

Obituaries 2022: Remembering those who passed away

Abe and Jiang, Inamori and Idei, Mori and Miyake and more changed our lives

29 December 2022
A medical worker provides instructions at a mobile fever clinic in Huaian, China, on Dec. 25. The country's COVID-19 management is a key factor for Asia's economic outlook.
Interview

Asian ties can fuel growth amid Ukraine, China risks: ADB economist

Albert Park says region still has 'strong commitment to openness and integration'

29 December 2022
Ferdinand Marcos Jr. in Manila on Oct. 5: The Philippine president is prioritizing a tired idea from yesteryear rather than forging a new path.
Opinion

Marcos' wealth fund is wrong cure for Philippine economy

Even if managed well, it will not address poverty, inflation or corruption

29 December 2022
Chinese ships were spotted in a stationary position in the Spratly Islands on Nov. 23. (Photo courtesy of the Philippine military) 
South China Sea

Philippines, China clash over new South China Sea flash point

Concern is growing ahead of President Marcos' visit to China in New Year

28 December 2022
A selection of Nikkei Asia's most memorable magazine covers from 2022. 
The Big Story

Chips, churches and China: The best of the Big Story 2022

A look back at some of Nikkei Asia's most memorable cover stories of the year

28 December 2022
SSI Group, the Philippines' largest retailer of luxury brands, is headed for a banner year as consumers free of pandemic restrictions resume shopping. (Photo by Yuichi Shiga)
Retail

Philippine luxury retailer eyes record sales on revenge spending

SSI Group sells brands from Armani to Zara but fears inflation, recession

22 December 2022
MarCoPay lets sailors receive their wages and send money home electronically, as well as apply for loans. Now it is expanding into travel. (Photo courtesy of MarCoPay)
Finance

Philippine app MarCoPay to offer flights for sailors in Japan Airlines tie-up

Digital wallet serving Filipino crews adds travel to its service portfolio

22 December 2022
PLDT has deployed record capex in recent years as it pushes to upgrade its network, including internet fiber and 5G rollouts. (Source image from PLDT Facebook page)
Telecommunication

Philippines' PLDT shares plunge 19% amid $867m 'budget overrun'

Nation's top telco says it is revamping management following discovery

19 December 2022
Foot Locker expanded into the Philippines by opening a store in Manila's Glorietta shopping mall.
Retail

Philippines' first Foot Locker sneaker store opens in Manila

U.S. chain follows Nike into market full of basketball fans

17 December 2022
Philippine President Ferdinand Marcos Jr. is pushing to set up a sovereign wealth fund to develop the economy and infrastructure, but critics complain of financial risks. (File photon by AFP/Jiji) 
Politics

Marcos' sovereign fund advances with Philippine congress nod

Trimmed down Maharlika Investment Fund moves to Senate for further scrutiny

16 December 2022
The Philippine central bank in Manila: Monetary authorities in the country are raising interest rates as they battle surging inflation and a sagging currency. (Photo by Ken Kobayashi)
Economy

Philippines hikes rates by half point to tame 'rampant' inflation

Central bank chief signals further tightening will be at moderate pace

15 December 2022
Philippine Finance Secretary Benjamin Diokno says plans for the central bank to contribute to a proposed sovereign wealth fund are not an assault on the bank's independence.
Economy

Marcos team urges on Philippine wealth fund bill amid criticism

Latest version does not require employee pension fund contributions

9 December 2022
This IKEA store near Manila is the company's largest worldwide in terms of floor space. (Photo by Yuichi Shiga)
Retail

Nitori, IKEA battle over Asia's growing furniture market

Big-name chains gain foothold in China, Southeast Asia as incomes rise

8 December 2022
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Women's Wealth

From Pakistan to the Philippines, women break open closed industries

Female pioneers make their mark as combat pilots, cricketers and chip technologists

7 December 2022
Two Japan Air Self-Defense Force F-15 fighter jets landed in Clark Air Base on Tuesday. (Photo by Yuichi Shiga)
Indo-Pacific

Japan sends fighter jets to Philippines for 1st time in air force exchange

Visit marks Manila's latest move to strengthen defense ties with Tokyo and Washington

7 December 2022
Relatives of Philippine President Ferdinand Marcos Jr. last week filed a bill in Congress seeking to create a sovereign wealth fund. (File photo by AP) 
Economy

Philippine businesses attack Marcos sovereign wealth fund plan

Officials defend Maharlika Investments Fund, saying it won't be like 1MDB

5 December 2022
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Women's Wealth

Asia's female financial firepower surges to record highs

Combined wealth of women in Asia now world's second-highest, but systemic issues challenge equality

5 December 2022