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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.
Because of this growth, the Western Visayas economy increased its contribution to the gross domestic product in 2009 to 7.6 percent from the 7.3 percent in 2008. [49] In Central Visayas, the long-term goal is for it to be the leading growth center in the country, that would steer the Philippine economy into greater heights.
Yang Hongming (Chinese: 杨鸿明), [1] more commonly known as Michael Yang in the Philippines, is a Chinese businessman and is an associate of 16th Philippine President Rodrigo Duterte. Yang was linked in the Pharmally scandal which allegedly overpriced procurement contracts for medical supplies to be used by the Philippine government during ...
MANILA (Reuters) -Philippine Nobel laureate Maria Ressa's news website Rappler won an appeal to restore its corporate licence after a court overturned a regulator's decision to shutter the media ...
August 9 – The Court of Appeals releases a July 23 decision overturning the Securities and Exchange Commission's order in 2018 to shut down the news outlet Rappler on foreign ownership grounds, citing "grave abuse of discretion" and other legal and constitutional violations by the former.
Presidential spokesman Harry Roque said Ressa, the 58-year-old co-founder of the Rappler news website known for its probing reportage into Duterte’s bloody anti-drug crackdown, has been ...
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.
The Philippines' lower house of congress has slashed funding for Vice President Sara Duterte by nearly two-thirds in the proposed 2025 budget, as a deep split between Duterte and President ...