Philippines

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

Asian Terminals says that it plans to conduct a tender offer and voluntarily delist from the stock exchange.

Philippine wealth fund to invest in port company Asian Terminals

The Philippine sovereign wealth fund has pursued a few deals since its inception in 2023

“If we get off the fence it’s probably another rate cut but that’s probably about it. One more rate cut,” Eli Remolona said in an interview on Friday.

Philippine central bank chief tempers hawkish view, sees one more cut

Remolona said the economy “looks worse than we thought” in the current quarter

Trixy Elle, a plaintiff from a fishing community, said that the lawsuit was about getting justice.

Filipino typhoon survivors sue Shell over climate change

Typhoon Rai struck in December 2021, killing over 400 people and leaving hundreds of thousands homeless

A vendor counts earnings in pesos in Manila. BSP said the outlook for growth had weakened, while inflation was benign.

Philippine central bank cuts policy rate by 25 basis points to 4.5%

This is the fifth successive cut in the benchmark rate by the BSP

At the launch of the Philippines' Asean chairmanship logo, President Ferdinand Marcos Jr’s address omitted any mention of the South China Sea and instead centred on the use of AI.
OUTLOOK 2026

Old, new, borrowed and blue: What are the Philippines’ priorities as it chairs Asean anew?

Twin crises of the South China Sea and the Myanmar conflict aside, Manila’s chairmanship comes with the responsibility of engaging Timor-Leste

Philippines trails regional peers in attracting foreign direct investment, held back by red tape, high power costs, and weak infrastructure.

ADB approves US$400 million loan to make it easier to do business in the Philippines

The country grapples with a massive corruption scandal with billions of pesos allegedly syphoned off substandard or “ghost” infrastructure

Under its proposed tier-based rules, a minimum 33% public float level will be required for companies with expected market capitalisation of 500 million pesos or less.

Philippines eyes easing IPO float rules to lure firms like GCash

Companies will be required to keep certain minimum public float levels after listing