The Philippines and Australia have agreed to enhance defense relations, as they emphasized the importance of maintaining freedom of navigation and overflight in the South China Sea.

Investors appeared to be satisfied with the latest financial results. On Friday, shares in Universal Robina gained 1.21% to end the week at P141.70 each.

This marks the first official game back for the NBL in their third season after the novel coronavirus (COVID-19) forced them into hiatus last March.

Analysts are worried economic recovery may take longer than expected. Data on budget releases do not invite confidence.

The US Food and Drug Administration on Thursday granted full approval to the antiviral drug remdesivir as a treatment for patients hospitalized with Covid-19, after conditional authorization was given in May.