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“Private consumption dominates the Philippines economy at around 70% of GDP, hence factors such as inflation and domestic interest rates are very important to overall growth outlook,” Holmes said.
The Philippines wins the Guinness World Record for the most participants in a simultaneous bamboo planting session, with 2,305 individuals participating across 19 locations in Leyte and Mindanao. [459] October 25 – Christine Opiaza finishes as first runner-up at Miss Grand International 2024 in Thailand. [460]
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
Poverty in the Philippines is a complex issue influenced by various factors, including economic inequality, corruption, and inadequate access to education. The disparity in income across different regions and sectors creates significant barriers for many Filipinos, limiting their opportunities for upward mobility.
Despite the averted Sugar Order No. 4, President Marcos in mid-August still raised the possibility of importing sugar to the Philippines to address the sugar crisis. [ 31 ] [ 32 ] He said that around 150,000 MT of sugar could be imported to address the country's needs for the rest of 2022 and projected the current supply to last until October ...
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AER writes weekly columns in two major Philippine business dailies. Yellow Pad is published in the BusinessWorld and takes on political, social and economic policy issues affecting the Philippines. Manuel Buencamino writes political commentaries for AER in the Business Mirror column, called Dispatches from the Enchanted Kingdom.
Philippines, a country that already faces the highest numbers of tropical cyclones in the world, endured six typhoons in just a matter of 23 days Philippines facing ‘unprecedented’ back-to ...