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Revoking the policy of granting career executive service rank to graduates of the National Defense College of the Philippines: July 2, 2024 [63] 64 Updating the salary schedule for civilian government personnel and authorizing the grant of an additional allowance, and for other purposes August 2, 2024 [64] 65
May 11 – Irha Mel Alfeche of Matanao, Davao del Sur is crowned Miss Philippines Earth 2024 in the pageant's coronation event held in Talakag, Bukidnon. [423] May 22: Chelsea Manalo of Bulacan is crowned Miss Universe Philippines 2024 in the pageant's coronation night held at the SM Mall of Asia Arena in Pasay. [424]
They voiced out issues faced by various sectors, including inflation, workers’ salary, the South China Sea dispute, and human rights violations. [18] [19] On the other hand, a pro-Marcos concert was also held along Commonwealth Avenue.
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.
In the Philippines, there are employers' confederations to lobby the protection of firm owners; they also represents the business sector and employers in the country. The most widely known is the Employers' Confederation of the Philippines, which is leads as the voice of the employers in labor management and socioeconomic development. [43]
Several attempts to enact constitutional reform have taken place in the Philippines in 2024. This originated with President Bongbong Marcos and his allies' efforts. [1] [2] [3] The political dispute has been characterized by the conflict between the upper and lower houses of the Congress of the Philippines.
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However, income tax also becomes a factor to income inequality because according to the Tax Management Association of the Philippines, Filipino workers pay the highest income tax in the entire Association of South-East Asian Nations (ASEAN) region. [69] An average Filipino worker is taxed 32% as long as he is earning more than the minimum wage.