Duterte to Pivot Towards Russia and China?

President Rodrigo Duterte announced that he is “crossing the rubicon” with regards the country’s relationship with the United States, adding that he wants to expand trade alliances and deals with Russia and China. While emphasizing that the pivot would only be in economics and not militarily, he lamented that the US has not committed to supporting the Philippines in case of war despite a defense treaty and an expanded defense cooperation… Continue reading

Peso and Stock Market Fall as Uncertainties Increase

Both the Philippine currency and stock market are on a downturn, with the peso at a seven-year low after plunging to P48.25 to the dollar. The stock market, meanwhile, has experienced more than 20 consecutive days of net foreign selling. While profit taking and market uncertainty may be parts of the reason for the decline, the pronouncements of President Rodrigo Duterte related to his war on drugs are also being blamed, as his… Continue reading

Shell Petroleum Ordered to Pay P5.72-Billion in Back Taxes

The Court of Tax Appeals ordered Pilipinas Shell Petroleum to pay P5.72 billion in unpaid excise and value-added taxes. This is pursuant to a 2015 decision that two gasoline components, Catalytic Cracked Gasoline (CCG) and Light Catalytic Cracked Gasoline (LCCG), used as raw materials were taxable. The amount covers importations for 2006 to 2009. Shell would no longer be liable for the tax for the years 2004 and 2005 because of the… Continue reading

Duterte Rejects European Parliament Resolution, Calls EU Hypocrites

President Rodrigo Duterte has added the European Union to his wrath list of international figures and institutionswrath list of international figures and institutions. After the European Parliament issued a statement asking Philippine authorities to investigate extra judicial killings, Duterte dismissed the EU as a bunch of greed-ridden hypocrites. Duterte has repeatedly ignored international demands for an investigation on vigilante murders, stating that these are tantamount to meddling… Continue reading

European Parliament Resolution on Philippine Extra Judicial Killings

The European Parliament,

–  having regard to its previous resolutions on the situation in the Philippines, in particular those of 8 June 2016 on the Framework Agreement on Partnership and Cooperation between the European Union and the Republic of the Philippines, of 14 June 2012 and of 21 January 2010,

–  having regard to the statement of 3 September 2016 by the European External Action… Continue reading

Duterte Said Philippines Still Needs US Forces for South China Sea Dispute

President Rodrigo Duterte clarified an earlier statement that he wanted the removal of US forces from the country, stating that he only meant the withdrawal of American troops from Mindanao. He said that Muslims in the area have an inherent distrust of the US owing to a couple of massacres that occurred in the early 1900s. He reiterated an earlier pronouncement that the Philippines still needs the US, especially when it comes to the… Continue reading

European Parliament Calls for End to Extra Judicial Killings

The European Parliament has condemned the current wave of extrajudicial killings in the Philippines and urged the administration of President Rodrigo Duterte to put an end to these amid the war against illegal drugs. At the same time, the members of the EP called on the European Union Delegation to monitor carefully the state of lawlessness declared by after a bombing in Davao City on Sept. 2. The MEPs said they could understand that… Continue reading