Economy of the Philippines

Eleven Filipino seafarers arrived in the Philippines on Tuesday nearly a week after they survived a Houthi missile attack off Yemen.

They were crew members of the Barbados-flagged, Greek-operated merchant ship True Confidence which the Houthis attacked last week, killing three sailors, including two Filipinos.

"We are on the right track to an agreement," deputy labor minister Stanisław Szwed told the Polish Press Agency. "I hope that in the fall we will be able to secure at least a provisional agreement." He added that a provisional draft of the agreement would be sent by the Philippine authorities.

A consortium which includes Turkey's TAV Airports (TAV) has submitted the pre-qualification documents for the Private-Public-Partnership Regional Airports Project in the Philippines. 

A Bulgarian hacker has been arrested in the Philippines and has been accused of cyber crimes, including a million-dollar scheme for draining the bank account of Microsoft's founder Bill Gates.

The 32-year old Konstantin Simeonov Kavrakov has been arrested for a period of 21 hours on Thursday evening after he attempted to withdraw money from an ATM using falsified credit cards.