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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 ...
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 ₱28.05 trillion ($508.79 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
Business and economy Homelessness in the United States U.S. homelessness hits a record high in 2024, increasing by more than 18% the past year, due to causes such as high housing costs , natural disasters , and a spike in migration to major cities .
Philippines vice president Sara Duterte is facing calls for impeachment over a list of allegations including graft, incompetence, and amassing wealth just days after she issued death threats to ...
After several more reforms such as the Ease of Doing Business law, [239] the Philippines' ease-of-doing-business ranking improved from 124th to 95th, according to the World Bank's 2020 Doing Business Report. [343] In 2020, the COVID-19 pandemic caused the Philippine economy to enter a recession following government lockdowns and restrictions.
President Marcos signs into law Republic Act No. 12022 or the Anti-Agricultural Economic Sabotage Act, designating the smuggling, hoarding, and cartel activities affecting agricultural products as economic sabotage. [266] The first driverless bus system in the Philippines is launched in New Clark City. [267] September 27:
2023 in the Philippines details notable events that occurred in the Philippines in 2023. On July 21, 2023, President Bongbong Marcos announced that the government will formally lift the COVID-19 state of public health emergency, marking the end of the three years of the pandemic. The emergency was officially lifted the following day.
MANILA (Reuters) -The Philippines' health minister said on Wednesday a recently detected mpox case in the Southeast Asian nation is of the mild Clade 2 variant and not the newer variant that has ...