Philippine President Ferdinand Marcos Jr. on Monday signed into law the 2026 budget worth 6.793 trillion pesos ($115 billion) as his administration aims to revive an economy stunted by a government corruption scandal.
Philippine President Ferdinand Marcos Jr. on Monday signed into law the 2026 budget worth 6.793 trillion pesos ($115 billion) as his administration aims to revive an economy stunted by a government corruption scandal.
Ferdinand Marcos Jr. Photographer: Veejay Villafranca/Bloomberg
The Philippines said Chinese coast guard and maritime militia ships fired water cannons and used “dangerous blocking maneuvers” toward Filipino fishing boats in the South China Sea, an incident that could fuel tensions between the two nations.
The Philippines said Chinese coast guard and maritime militia ships fired water cannons and used “dangerous blocking maneuvers” toward Filipino fishing boats in the South China Sea, an incident that could fuel tensions between the two nations.
A video grab showing a Chinese coast guard ship firing water cannon, in the South China Sea, Dec. 13.
Philippine central bank Governor Eli Remolona has tempered his hawkish stance, saying monetary authorities may cut the benchmark interest rate one more time in the current easing cycle as economic recovery could last longer than initially thought.
Philippine central bank Governor Eli Remolona has tempered his hawkish stance, saying monetary authorities may cut the benchmark interest rate one more time in the current easing cycle as economic recovery could last longer than initially thought.
Philippine central bank Governor Eli Remolona has tempered his hawkish stance, saying monetary authorities may cut the benchmark interest rate one more time in the current easing cycle as economic recovery could last longer than initially thought.
Philippine central bank Governor Eli Remolona has tempered his hawkish stance, saying monetary authorities may cut the benchmark interest rate one more time in the current easing cycle as economic recovery could last longer than initially thought.
The Philippine central bank’s fifth consecutive cut to its benchmark interest rate on Thursday may be the last in its easing cycle that began over a year ago, with domestic demand on track to recover.
The Philippine central bank’s fifth consecutive cut to its benchmark interest rate on Thursday may be the last in its easing cycle that began over a year ago, with domestic demand on track to recover.
Taguig City in Metro Manila, the Philippines. Photographer: Veejay Villafranca/Bloomberg
The Philippines has frozen the assets of two lawmakers allegedly tied to a widening graft scandal, President Ferdinand Marcos Jr. said, adding to thousands of bank accounts and hundreds of other assets already immobilized as the state moves to recover public money.
The Philippines has frozen the assets of two lawmakers allegedly tied to a widening graft scandal, President Ferdinand Marcos Jr. said, adding to thousands of bank accounts and hundreds of other assets already immobilized as the state moves to recover public money.
Ferdinand Marcos Jr. Photographer: Veejay Villafranca/Bloomberg
Philippine inflation slowed in November, supporting another cut in the central bank’s benchmark interest rate next week as a graft scandal hits consumer and investor confidence.
Philippine inflation slowed in November, supporting another cut in the central bank’s benchmark interest rate next week as a graft scandal hits consumer and investor confidence.
A corn vendor pushes a cart through a street market in Taguig City, the Philippines.
The Philippines plans to raise the amount of funds it gets from selling international bonds by more than 60% to $5.3 billion next year, as the government seeks to finance an economy stunted by a graft scandal.
The Philippines plans to raise the amount of funds it gets from selling international bonds by more than 60% to $5.3 billion next year, as the government seeks to finance an economy stunted by a graft scandal.
The Philippines plans to raise the amount of funds it gets from selling international bonds by more than 60% to $5.3 billion next year, as the government seeks to finance an economy stunted by a graft scandal.
The Philippines plans to raise the amount of funds it gets from selling international bonds by more than 60% to $5.3 billion next year, as the government seeks to finance an economy stunted by a graft scandal.
The Philippines plans to raise the amount of funds it gets from selling international bonds by more than 60% to $5.3 billion next year, as the government seeks to finance an economy stunted by a graft scandal.
The Philippines plans to raise the amount of funds it gets from selling international bonds by more than 60% to $5.3 billion next year, as the government seeks to finance an economy stunted by a graft scandal.
Weak consumer demand forced Philippine manufacturers to cut factory output and jobs in November, becoming the only nation to buck expansion in the region.
Weak consumer demand forced Philippine manufacturers to cut factory output and jobs in November, becoming the only nation to buck expansion in the region.
Weak consumer demand forced Philippine manufacturers to cut factory output and jobs in November, becoming the only nation to buck expansion in the region.
Weak consumer demand forced Philippine manufacturers to cut factory output and jobs in November, becoming the only nation to buck expansion in the region.
The Philippines has frozen more assets allegedly linked to graft-ridden flood control projects, raising the total to around 12 billion pesos ($204 million), President Ferdinand Marcos Jr. said on Wednesday.
The Philippines has frozen more assets allegedly linked to graft-ridden flood control projects, raising the total to around 12 billion pesos ($204 million), President Ferdinand Marcos Jr. said on Wednesday.
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