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MANILA (Reuters) - Philippine lawmakers are considering efforts to amend the country's constitution to ease restrictive provisions on economic ownership, a top congressional leader said on Monday.
On the second quarter of 2020, the Philippine economy went into a recession for the first time in 29 years, where it shrank by 16.5%, which was one of the biggest falls in the Southeast Asian region. GDP fell by 9%. Seasonally adjusted GDP fell by 15.2 percent in the second quarter from the first three months of the year. [46]
The Philippines is confident in the continuity of U.S. policies in the Asia-Pacific region after the U.S. presidential election, its defence chief said, underlining that Philippine-U.S. ties would ...
Duterte mentioned other actions which he considered as his administration's accomplishments including the extension of the validity of driver's licenses to 10 years, going after water concessionaires, and improvements in the Philippine economy prior to the onset of the pandemic. [8]
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 European Union is ready to strengthen cooperation with the Philippines on maritime security, European Commission President Ursula von der Leyen said on Monday, as she stressed the importance ...
The region's contribution to the national economy remains at 2.2 percent. The decline in 2009 was largely due to heavy rains and infestation of pests and deceases in major production areas. The biggest contributor to the regional economy is the agriculture and fishery subsectors which account for 33.5 percent of the region's GRDP. [51]
MANILA (Reuters) -The Philippines' national security adviser called on Friday for Chinese diplomats to be expelled over an alleged leak of a phone conversation with a Filipino admiral in a ...