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The incident was the two countries' latest run-in regarding the Scarborough shoal, a fishing ground within the Philippines' exclusive economic zone that China claims as its territory.
Earlier on Monday, Philippine Foreign Minister Enrique Manalo urged regional neighbors to stand together more strongly in upholding the rule of law in the South China Sea, where China has ...
Business and economy Argentine debt restructuring Argentina 's country risk index, measured by the JPMorgan GBI-EM Index , briefly drops to 444 points, its lowest level since 2018, before closing at 561 points due to technical adjustments linked to upcoming bond payment amid improved market sentiment driven by cooling inflation and signs of ...
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The 1921 Philippine financial crisis resulted as a consequence of an economic crisis which began in 1919 along with the mismanagement of the Philippine National Bank. Due to the Wood-Forbes Mission in 1921, there were questions among Filipino politicians on who should take responsibility.
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.
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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.