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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.
In 1988, aquaculture produced 26.4% of fisheries output. [12] Aquaculture grew 5.42% annually in the decade leading to 1997. In 1995, the Philippines was the fourth-largest aquaculture producer. [2] In 1997, Philippine aquaculture produced 957,546 million tons, which was 34.6% of overall fisheries output and worth PHP27,400 million. [12]
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] 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 .
The Public Transport Modernization Program (PTMP), formerly and still commonly referred to as the Public Utility Vehicle Modernization Program (PUVMP), is a program made by the Department of Transportation (DOTr) of the Philippines in 2017, with the goal of making the country's public transportation system efficient and environmentally friendly ...
The DOF projects the economy to grow by 1.3% by 2022 with a 0.42% inflation due to the excise tax increase (this is still within the 2–4% target inflation by the Bangko Sentral ng Pilipinas (BSP); it also predicts to create half a million jobs over the next ten years, and eight million over the entirety of its life, as well as lift 250,000 ...
The Fisheries Act of 1932 (Act 4003) restricted fishing access to American and Filipino companies and created the concept of municipal waters, which reached 5.5 kilometres (3.4 mi) from the shore, [66]: 175 [13]: 2 within which only municipal governments could create fish ponds and corrals, catch milkfish fry, and license ships smaller than 3 tons.
The Supreme Court of the Philippines in a 20-page decision dated July 11, 2023, but promulgated on March 4, 2024, dismissed Bayyo Association Inc. and transport groups petition to nullify the Public Utility Vehicle Modernization Program provisions that compel jeepney drivers and operators to replace their traditional units with modern ones.
PI movement and alleged bribery. In January 2024, the People's Initiative for Reform Modernization and Action (PIRMA) initiated a PI attempt. [15] The proponents suggested that both chambers of Congress, the House of Representatives and the Senate, should vote jointly on the proposed amendments in a constitutional assembly.