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4 days ago · By: Ditas Lopez. (Bloomberg) — Jollibee Foods Corp., the Philippines’ largest restaurant operator, will acquire a 70% stake in South Korea’s Compose Coffee in its latest move to grow its coffee and tea business. The investment will serve as Jollibee’s “gateway in unlocking the fast-growing international value coffee market in South ...
3 days ago · A former Philippine opposition senator accused ex-President Rodrigo Duterte of plundering state coffers in a criminal complaint filed Friday, alleging that he conspired with an aide to award government infrastructure contracts worth millions of dollars to cronies. Filed with the Department of Justice in Manila, the accusation adds to the former president’s legal worries, which include an ...
Jun 26, 2024 · 64. (Bloomberg) -- The Philippines has sent a diplomatic note to China and is eyeing a dialogue with Beijing soon following last week’s clash in the South China Sea, according to Manila’s ...
Jun 23, 2024 · MANILA (Reuters) -Philippine President Ferdinand Marcos Jr said on Sunday his country is not in the business of instigating wars and will always aim to settle disputes peacefully, amid escalating maritime confrontations with China. "In defending the nation, we stay true to our Filipino nature that we would like to settle all these issues peacefully," Marcos said in a speech to troops of the ...
4 days ago · Philippine forces will defend themselves with “the same level of force” if they come under assault again from China’s coast guard in the disputed South China Sea, where Chinese personnel armed with machetes and spears injured Filipino navy personnel and damaged two of their boats in a chaotic faceoff last month, the Philippine military chief said Thursday. Armed Forces of the Philippines ...
4 days ago · Philippine President Ferdinand Marcos Jr has ordered his armed forces to defuse tensions in the South China Sea, his military chief said on Thursday, after a flare-up with China over missions to resupply Filipino troops on a contested shoal. Marcos' instructions came after Manila and Beijing agreed on the need to restore trust and confidence to better manage maritime disputes during a round of ...
Jun 19, 2024 · China, whose claims to most of the sea were invalidated by an international tribunal in 2016, says Philippine vessels illegally intrude into waters surrounding disputed shoals. It has warned ...
