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BEIJING/MANILA (Reuters) -The Philippines and China traded accusations on Sunday over a collision of their vessels near a disputed shoal in the South China Sea as tensions over claims in the vital ...
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 .
BEIJING (Reuters) -China accused the Philippines on Friday of having "provoked trouble" in the South China Sea with U.S. backing, a week after Beijing and Manila traded accusations over a new ...
MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity in economic policy through his picks for central bank governor and finance ...
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:
Business and economy. Residents of Logroño, La Rioja, Spain, win the world's biggest lottery, the Spanish Christmas Lottery's El Gordo €2.7 billion prize. Disasters and accidents. 2024–25 South-West Indian Ocean cyclone season. The death toll from Cyclone Chido in Cabo Delgado, Mozambique, increases to 94. 2024 Gramado Piper PA-42 crash
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 shoal, named after a British vessel that got stuck there centuries ago, is located 200 km (124 miles) off the Philippines, inside its exclusive economic zone (EEZ).