मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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PHL, Canada seal visiting forces agreement amid sea tensions

Business World Philippines

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November 03, 2025

THE PHILIPPINES and Canada on Sunday signed a military pact that will allow their troops to set foot in each other’s territories, deepening Manila’s defense ties with Ottawa amid lingering South China Sea tensions and just days after the US pledged support to boost the Southeast Asian nation’s deterrence in the waterway.

- By Kenneth Christiane L. Basilio Reporter

Philippine Defense Secretary Gilberto C. Teodoro, Jr. and Canadian Defense Minister David Joseph McGuinty signed the Status of Visiting Forces Agreement (SOVFA) in Manila, making Canada the fifth country to enter into a troop access pact with the Philippines.

Both sides agreed on the legal provisions allowing Filipino and Canadian troops to enter each other's territories in March this year, with the Canadian government describing the deal as a reinforcement to their 2024 defense cooperation pact.

Senate ratification is required for the agreement to take effect in the Philippines, while treaties in Canada become binding without formal parliamentary approval.

“This is the first such agreement for Canada in the Indo-Pacific region,” Mr. McGuinty said in a delegation meeting before the agreement's signing. “This was a deliberate choice.”

Ottawa has consistently backed Manila’s stake in the South China Sea, one of the world’s most contested waterways, where tensions between the Philippines and China continue to simmer due to overlapping claims.

Beijing continues to lay its sovereignty over the energy-rich waters despite a 2016 ruling by a United Nations-backed court that voided its claims.

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Business World Philippines

Business World Philippines

S&P affirms 'BBB+' rating for Philippines

S&P GLOBAL RATINGS on Thursday affirmed the Philippines' investment grade credit rating with a \"positive\" outlook, noting that its growth prospects remain strong even as the corruption scandal weighs on the economy this year.

time to read

3 mins

November 28, 2025

Business World Philippines

Bulacan contractors tied to 'ghost' projects face tax evasion raps — BIR

THE BUREAU of Internal Revenue (BIR) has filed tax evasion complaints against two Bulacan-based contractors allegedly involved in “ghost” flood control projects.

time to read

1 mins

November 28, 2025

Business World Philippines

Business World Philippines

PHL, France spotlight co-productions, animation, feminist films as French Film Fest returns for 28th year

ANIMATED and feminist films are being screened until Nov. 30, as part of this year’s French Film Festival which is now in its 28th year.

time to read

3 mins

November 28, 2025

Business World Philippines

Business World Philippines

Business groups call for mandatory lifestyle checks on all gov't officials

SOME TOP business groups on Thursday called for the public submission of statements of assets, liabilities, and net worth (SALN) by all government officials, as well as mandatory lifestyle checks to enforce accountability.

time to read

3 mins

November 28, 2025

Business World Philippines

PHL jumps to 75th in talent competitiveness index

THE PHILIPPINES jumped nine spots in an annual ranking of countries' ability to attract and retain talent, according to a report by business school Institut Européen d'Administration des Affaires (INSEAD) and the Portulans Institute.

time to read

3 mins

November 28, 2025

Business World Philippines

James picks his spots

The latest meeting between the Lakers and Clippers functioned both as spectacle and as affirmation of the pecking order. The final score in favor of the purple and gold comes off as a whipping on surface, punctuated by scoring bursts from marquee names. At the same time, clarity lies beyond the numbers: Roles, rhythms and resolve have clearly coalesced for the winners and unravelled for the vanquished.

time to read

1 mins

November 28, 2025

Business World Philippines

Extended Beatles Anthology takes fans beyond the mythology of the band

A new episode of the Beatles Anthology, 30 years after the original landmark series, shows the impact on Paul McCartney, George Harrison, and Ringo Starr of being in the biggest rock band in history, its writer and director said.

time to read

1 min

November 28, 2025

Business World Philippines

Chinese sportswear maker Anta Sports Products exploring bid for Puma

CHINESE sportswear maker Anta Sports Products is among firms exploring a potential takeover of German sportswear brand Puma, Bloomberg News reported on Thursday.

time to read

1 min

November 28, 2025

Business World Philippines

Not too scary, but a solid first effort

KMJS' GABI NG LAGIM THE MOVIE

time to read

3 mins

November 28, 2025

Business World Philippines

Business World Philippines

More than half of new articles on the internet are being written by AI – is human writing headed for extinction?

The line between human and machine authorship is blurring, particularly as it’s become increasingly difficult to tell whether something was written by a person or AI.

time to read

4 mins

November 28, 2025

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