Philippines

Philippines moves to shore up investor sentiment hit by corruption scandal

It plans for reforms that cover the tax bureau, to minimise discretion by personnel and prevent ‘abusive audits’, among others

Millions of people in South-east Asia are weaving small, paid digital tasks, such as data annotation and image tagging, into the margins of their day to earn supplementary income.
THE BROAD VIEW

Micro-digital income is reshaping work patterns across Asean

More than a technological fad, this trend marks a shift in work culture and could reshape the labour market in Singapore and beyond

Tourism accounts for nearly a tenth of Philippine economic output.

The Philippines waives visas for Chinese visitors to boost tourism

The visa-free privilege for Chinese nationals entering the Philippines for tourism or business will be effective Friday

Filipino activists staged a Halloween-themed protest against government corruption in the capital of Manila in October.
THINKING ALOUD

Eliminating corruption in the Philippines is an uphill climb

President Ferdinand Marcos Jr will need to show resolve in his fight against it

Bangko Sentral ng Pilipinas Governor Eli Remolona said Philippine economic growth may have slowed to 4.6 per cent in 2025, from the previous year’s 5.7 per cent expansion.

Philippine central bank signals no rate cuts for now as inflation picks up

Inflation accelerates to 1.8% in December, its fastest pace in nine months

Philippine President Ferdinand Marcos Jr (right) with Malaysian Prime Minister Anwar Ibrahim at the ceremonial handover of the Asean chairmanship last October. The archipelago has a bold economic agenda, but its ability to deliver may be tested by domestic headwinds.

Inside the Philippines’ stacked agenda to steer Asean’s trillion-dollar economy

Trade and Industry Department Undersecretary Allan Gepty speaks to BT on Manila’s priorities as chair of the bloc

The spending plan, up 7.4 per cent from last year, comes after Philippine President Ferdinand Marcos Jr. revealed that hundreds of billions of pesos in flood-control allocations were riddled with alleged irregularities last year.

Philippines’ Marcos signs 2026 budget bill, vows prudent spending

Economic growth slowed last year partly due to the flood-control corruption scandal

Thousands massed in Manila on Nov 30 demanding accountability over a multi-billion-dollar infrastructure scandal involving corrupt officials and firm owners.

Government funds spent on luxury bags, cars: the US$2 billion scandal that paralysed the Philippines

Authorities have frozen about US$220 million in assets belonging to government officials and contractors so far

None of the digital banks in Singapore, including GXS Bank, MariBank and Trust Bank, have become profitable yet.

Digital banks in South-east Asia face profit pressure as rates slump and credit risks rise

Preserving deposits and embedding products within ecosystems could prove vital, say market watchers