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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.
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 .
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.
The Philippines and China traded accusations on Saturday over an encounter in disputed waters of the South China Sea, in an escalating row over a key waterway. Manila said two Chinese coast guard ...
The typhoon has also surpassed the strength of any storm recorded in 2022 and now stands equivalent to a category 5 super typhoon. #Mawar now up to 150 knots (175 mph) per latest JTWC advisory ...
MANILA (Reuters) -Philippine President Ferdinand Marcos Jr. will meet U.S. Secretary of State Antony Blinken on March 19 to tackle cooperation and security matters, the office of the Manila leader ...
The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of end-June 2023, the total national debt of the Philippines amounts to ₱14.62 trillion ($264.49 billion). Total outstanding debt: ₱14.62 trillion ($264.49 billion) (58.3% of GDP) (December 2023)
April 27, 2024 at 12:27 AM. tpMANILA (Reuters) - The Philippines on Saturday denied a Chinese claim that the two countries had reached an agreement over an escalating maritime dispute in the South ...