The Philippines have allowed the United States to set up four additional military bases in the country, providing U.S. forces with a strategic advantage on the South China Sea.
The expanded access to Philippines bases gives Washington a boost in its efforts to counter China, especially to monitor the Chinese activities in the South China Sea and around self-ruled Taiwan.
Wednesday, the Philippines and the United States announced their plans to accelerate the full implementation of the 2014 Enhanced Defense Cooperation Agreement (EDCA).
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.