by Teuvo Tuomi | Jul 31, 2023 | Philippines, Environment, News
The number of people who died in the Philippines from the combined effects of Typhoon Egay (international name: Doksuri) and the southwest monsoon or “habagat” has climbed to 25, the National Disaster Risk Reduction and Management Council (NDRRMC) reports. Read the...
by Teuvo Tuomi | Jul 9, 2023 | Economy, News, Philippines
Philippine President Ferdinand Marcos has written off $1.04 billion in land-related debt owed by more than half a million farmers. The “New Agrarian Emancipation Act” waives all property-related debt owed by farmers who had been given land on 30-year payment terms...
by Teuvo Tuomi | Jun 30, 2023 | ASEAN, Environment, Health, Philippines
The Philippines is among the Asian countries that are most vulnerable to El Niño in terms of impact on economic growth, prompting a monetary policy rate hike, according to Nomura Group. Climate experts have announced that El Niño will bring lower-than-usual rainfall...
by Teuvo Tuomi | Jun 25, 2023 | ASEAN, Asia, Economy, Philippines, Southeast Asia
According to BMI Research’s report, the Philippines could join the world’s 20 biggest economies in value in less than three decades thanks to its large population and fast-improving industries. BMI expects the Philippines to be the world’s 18th-largest economy...
by Teuvo Tuomi | May 21, 2023 | Philippines, Economy, News
In the Philippines, the National Economic and Development Authority has announced that the economy grew by 6.4% in the first three months of this year. This extends the uninterrupted period of growth of our economy that began in the second quarter of 2021. The growth...
by Teuvo Tuomi | Mar 20, 2023 | Philippines, Business, Economy, News
The external debt of the Philippines rose by 4.5% and hit a record high of $111.27 billion last year, as both the national government and the private sector borrowed more from offshore creditors, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe...
