Philippines ramps up borrowing to P2.57 trillion, a 4% increase, addressing fiscal needs amid economic challenges. Economists raise concerns about implications on deficit, debt, and interest rates.
Philippines
Philippines GDP Growth Slows to 5.9% in 2024 Due to Typhoons, Says World Bank
The World Bank lowered the Philippines' 2024 growth forecast to 5.9% due to typhoon impacts but sees recovery potential with 6.1% growth projected for 2025.
Philippines’ Jobless Rate Increases to 4.1% in May, Official Statistics Say
The unemployment rate in the Philippines was recorded at 4.1% as more Filipinos join the workforce and the labor market, while the underemployment rate decreased to 9.9% in May compared to 14.6% in April, the lowest it has been since 2005.
Philippines Demands $1 Million Payment from China over June 17 Incident
The Philippines demanded a payment worth $1 million in damages from China following an altercation in the South China Sea on June 17.
PH Telco Giant PLDT Aims to Sell Almost 50% of Its Stake; $1 Billion Deal Now Being Finalized
A Philippine telco giant is planning to sell almost 50% of its business. It's now finalizing a $1 billion deal with a foreign entity.
Latest News
Philippine SEC ordered the removal of Binance apps from Google and Apple stores, citing unregistered securities and unlicensed brokerage, prompting investor warnings and investigations.
Duterte-China West PH Sea sale deal speculations are now spreading online as thousands of Chinese students were spotted in Cagayan.
A local Takoyaki store named Taragis has sparked a heated debate on Facebook with a controversial April Fools' Day challenge.
Lalamove Philippines, an on-demand delivery platform, has launched a new program that aims to empower aspiring businesswomen. Here's what you need to know about it.
The new Microsoft-TESDA partnership will enable more than 100,000 women in the Philippines to gain artificial intelligence (AI) and cybersecurity skills.
MCI has announced that the acquisition will result in a seamless expansion of services by combining its leadership with the resources of EastWest BPO.
A resort in the heart of the Chocolate Hills in Bohol, Philippines, is going viral on Facebook and other social media platforms.
The U.S. Commerce Secretary announced that the Philippines is expected to receive $1 billion from U.S. firms.
Singapore plans to acquire eight Lockheed Martin Corp. F-35A fighter planes for its defense, accelerating the country's procurement of advanced military aircraft amid tensions in the region.
