Philippines

The proposed debt, mostly to be raised domestically, would account for 46% of next year’s Budget of 7.2 trillion pesos

The government has cut this year’s growth forecast to 3.5% to 4.5%

This remains way above the central bank’s tolerance range

A late start and an underdeveloped supply chain could blunt the Philippines’ EV ambitions

He also alludes to ongoing tensions in the South China Sea, declaring that Filipinos “do not yield”

State funding gaps have turned the sector into a prime market for foreign capital

China’s Coast Guard said it had imposed “control measures” on several Philippine vessels  

The shoal is one of Asia’s most contested maritime ⁠sites, and claimed by both ​the Philippines and China

Persistent inflation, slowing productivity and a fragile labour market reveal an economy far from true transformation