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Political sources in the Philippines have announced the dismissal of <strong>Sara Duterte</strong>, the Vice President, reflecting rising political tensions. Her trial in the Senate is expected to fail again, raising questions about her political future.
The Philippine economy experienced an unexpected slowdown in growth during the first quarter of the year, registering a growth rate of <strong>2.8%</strong>. This decline positions the country behind its regional peers and presents new challenges for policymakers aiming to curb inflation and support the peso.
Philippine President Ferdinand Marcos Jr. announced that his government will endure the peso's depreciation, indicating there are limits to their defense of the currency amid rising U.S. dollar pressures. This statement was made during an interview with Bloomberg in Manila.
Philippine President Ferdinand Marcos Jr. has announced that his government will bear the brunt of the peso's weakness, citing limits to defending the currency amid the dollar's rise. Marcos aims to achieve a 6% economic growth rate by 2028.