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The British economy flatlined in the third quarter of the year, official figures showed Friday ahead of a budget statement from the government later this month that it hopes will bolster growth in ...
Relations between the Philippines and the United Kingdom date to Sir Francis Drake's arrival in Mindanao in 1579 after an almost three-year circumnavigational voyage aboard Golden Hind. Economic ties defined relations for the next four centuries. The Philippines became a part of the footprint of the East India Company. British companies took ...
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 .
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [13] As a newly industrialized country, [375] [376] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
The Foreign, Commonwealth and Development Office (FCDO) is the ministry of foreign affairs and a ministerial department of the Government of the United Kingdom.. The office was created on 2 September 2020 through the merger of the Foreign and Commonwealth Office (FCO) and the Department for International Development (DFID). [2]
The Court of Appeals orders the University of the Philippines Los Baños and the Philippine Rice Research Institute to halt the release of genetically modified crops such as eggplant and rice, following a petition from Greenpeace and several other environmentalist groups over its ecological effects. [113]
The Philippine economy contracted by 0.2% in the first quarter of 2020, for the first time since 1998, due to the COVID-19 pandemic and resulting lockdown. [196] Fitch Ratings downgraded its outlook on the Philippines to factor in the impact of the global health crisis brought about by the coronavirus disease 2019 (COVID-19). [197]
At least 13 people have died in the Philippines due to tropical storm Yagi, while schools and government offices were closed in Manila and nearby provinces on Tuesday because of expected bad weather.