A Philippine congressional committee on Wednesday moved to dismiss impeachment attempts against President Ferdinand Marcos Jr., granting him a one-year reprieve from efforts to remove him from office.

The House of Representatives’ justice committee on Monday voted to declare the first impeachment complaint against Philippine President Ferdinand Marcos Jr. as sufficient in form, according to Chairperson Gerville Luistro.

The Philippine economy slowed more than expected to the weakest pace in nearly 15 years outside of the pandemic, hurt by a public works corruption scandal that is weighing on investments, households and government spending.

Business-process outsourcing companies in the Philippines are spending about 1.4 billion pesos ($24 million) a year to upskill their workers, as the industry grapples with talent shortage, artificial intelligence and increased competition.

The Philippines indefinitely suspended the entire passenger fleet of Aleson Shipping Lines, operator of a ferry that sank this week off the country’s southern coast which killed more than a dozen.

The Philippines started marketing its first dollar notes in a year, braving rocky markets after President Donald Trump’s revival of the trade war between the US and Europe pushed Treasury yields higher and hurt risk assets.

In early January, the Philippine peso slid to 59.38 per dollar — its weakest level on record. While it has since recouped some losses, officials have signaled a tolerance for further depreciation and traders are watching closely for any signs of central bank intervention.

The value of the Philippine central bank’s gold holdings surged almost 70% last year to a record high as the metal jumped.

The Philippine central bank will consider one more rate cut this year — possibly in February — to close out its easing cycle, barring worse-than-expected economic growth, according to its governor.

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.

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.

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 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.

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.

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.