However, President Duterte quickly changed his anti-United States stance in the climate of the ongoing conflict between the Philippines and China over islands and reefs in the SCS and then cooperated with the United States to reinstate the military cooperation agreement that he had suspended. ...
State-run PTV4 reports that the contingents of the House of Representatives and the Senate of the Bicameral conference committee has approved the proposed P5.268-T budget for 2023. November 17, 2022 American credit rating agency S&P Global Ratings affirms the Philippines’ “BBB+” investment gra...
The Philippines economy has rebounded strongly during 2022 from the negative impact of the COVID-19 Delta wave that hit the nation in the second half of 2021. In the third quarter of 2022, GDP growth was up 7.6% year-on-year (y/y), after rising by 7.5% y/y in the second...
The Philippine economy was more resilient than expected in 2023—current projections indicate that it could again achieve healthy growth in 2024. (17 pages) The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just...
Despite this, hotel occupancy is expected to rise as more foreign tourists visit the Philippines. China’s removal of quarantine on arrival from January 8, 2023, and Hong Kong’s withdrawal of mandatory quarantine on arrival in September 2022, are both reasons for optimism. If mainland China’...
Joe wrote an article almost a decade ago describing opportunity as an energy untapped in the Philippines. Ambition is indeed a bad word for many Filipinos, somehow equating opportunity with opportunism. Some see OFWs who go abroad as modern “bayani,” somehow similar to warriors of precolonial...
View Sumitomo Corporation's Our Business : Contributing to the advancement of railway infrastructure development in the growing economy of the Philippines
1964101.51.70%$3 1963102.21.86%$3 196289.61.81%$3 1961139.11.70%$5 1960133.71.78%$5 Philippines - Government Defence expenditure Your browser does not support charts× ‹Peru - Government Defence expenditure Poland - Government Defence expenditure›...
Philippines [+]2023$437,146M5.5% Pakistan [+]2023$337,457M-0.2% Poland [+]2023$809,201M0.1% State of Palestine [+]2023$17,421M-5.4% Palau [+]2023$282M0.9% Paraguay [+]2023$42,956M4.7% Qatar [+]2023$213,003M1.2% Romania [+]2023$350,776M2.4% ...
approximates the potentially infinite chain of production required to produce a unit of final product43; for example, an iPad sold in the United States might be assembled in China using components manufactured in South Korea, which in turn requires subcomponents produced in the Philippines from raw...