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Philippines

Malaysia wins $14.9bn sultan case in Dutch courts

Malaysia on Tuesday won a Dutch court case over a $14.9 billion award against the Southeast Asian nation that stems from a 19th century deal with a Philippine sultan. The verdict is part of a complex legal battle being fought in European…

Magnitude 6.2 earthquake strikes Philippines

A magnitude 6.2 earthquake struck the Philippines on Thursday, the US Geological Survey said, but there were no immediate reports of damage. The earthquake struck at a depth of 112 kilometers at around 10:00 am local time, in waters off…

Philippine lawmakers approve $8.9bn sovereign wealth fund

Philippine lawmakers approved the creation of an $8.9 billion sovereign wealth fund on Wednesday to boost growth and cut poverty, but critics insisted it was a “scam” and should be scrapped. President Ferdinand Marcos Jr had called for a…