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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
Several attempts to enact constitutional reform have taken place in the Philippines in 2024. This originated with President Bongbong Marcos and his allies ' efforts. [5] [6] [7] The political dispute has been characterized by the conflict between the upper and lower houses of the Congress of the Philippines.
MANILA (Reuters) - Philippine lawmakers are considering efforts to amend the country's constitution to ease restrictive provisions on economic ownership, a top congressional leader said on Monday.
2022–2023 Philippine sugar crisis. There has been a noted shortage of supply of sugar in the domestic market of the Philippines after a poor harvest of for the 2021–22 crop year. This led to the price increase of the commodity and there has been suspicions of traders taking advantage of the situation through hoarding and/or smuggling.
January. January 1 – Transition period for the Public Utility Vehicle Modernization Program begins. Non-consolidated PUVs, whose operation has been extended for a month, will be prohibited from operating in the country after January 31. However, on January 24, President Marcos extends the deadline for consolidation until April 30.
April 6, 2024 at 3:42 AM. MANILA/SHANGHAI (Reuters) - The Philippines and China traded accusations on Saturday over an encounter in disputed waters of the South China Sea, in an escalating row ...
National Economic and Development Authority. / 14.5783°N 121.0600°E / 14.5783; 121.0600. The National Economic and Development Authority ( NEDA; Filipino: Pambansang Pangasiwaan sa Kabuhayan at Pagpapaunlad) is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is ...
In 2021, official government statistics reported that the Philippines had a poverty rate of 18.1%, [1] (or roughly 19.99 million Filipinos), significantly lower than the 49.2 percent recorded in 1985 through years of government poverty reduction efforts. [2] From 2018 to 2021, an estimated 2.3 million Filipinos fell into poverty amid the ...
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