Duterte to Drug Users: 'Stay Home or I'll Kill You'

President Rodrigo Duterte on Saturday vowed to carry on the crackdown on illicit drugs, warning users to stay indoors or be killed, reports ABS-CBN News.

Peso Weakens More With Heightened Fears of US Interest Rate Hike

The Philippine peso weakened further for the 5th trading session to an 8-year low on Tuesday, November 22, due to the lack of fresh leads domestically and abroad, as well as intensified concerns over the United States' interest rate hike this December. The peso ended at P49.85:$1 on Tuesday, weaker than the P49.83:$1 on Monday, November 21, reports Rappler.

London's Romulo Cafe Named 'Most Loved Restaurant'

LONDON – Filipino-owned and operated Romulo Café was named the “Most Loved Restaurant in Kensington” at the third annual Time Out Love London Awards held on Thursday, Nov. 14 at The Bloomsbury Ballroom here, reports Inquirer.net.

Remittances Seen to Shield Peso From Further Weakening

The expected influx of cash remittances from Filipinos working and living abroad in December will shield the peso from further weakening before year-end, according to the research arm of Metropolitan Bank and Trust Co., reports Inquirer.net.

PH Economy Grew 7.1% in 3rd Quarter--Fastest in Asia

The Philippine economy grew by 7.1 percent in the third quarter of the year, the fastest among major Asian emerging markets, the National Economic and Development Authority said on Thursday. "This growth is above the median market expectation of 6.8 percent," a NEDA official said, reports GMA News.

PH Outsourcing Sector Must Upgrade to Prep for Trump Threat

The Philippines' fast growing business process outsourcing sector will have to push into higher value services--non-voice services, etc.-- in the face of US President-Elect Donald Trump's promise to increase trade barriers in a bid to bring jobs back to the US. The Philippines' BPO sector derives around 90% of its export revenue from the US market, reports Rappler.

Peso Slides to 8-Year Low; PH Stocks Tumble

The peso Monday slid to an eight-year low, a level of weakness previously achieved at the height of the global financial crisis in 2008. The close of 49.20 to $1 at the start of the week was the weakest since the local currency ended at 49.37 on Dec. 4, 2008, reports Inquirer.net

PH Trimming, Not Scrapping Military Work with US -- Defense Official

President Rodrigo Duterte has decided to retain the Philippines' security alliance with former colonial power the United States, according to the country's defense minister, but joint military activities will be scaled back and less combat-focused, reports ABS-CBN News.