Latest news and articles about philippine economy from NEX English
S&P Global Ratings has downgraded its outlook for the Philippines from positive to stable, citing increased risks to the country's financial situation and balance of payments due to the ongoing war in the Middle East.
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.