Breaking Down the Philippines’ 2026 Budget

Last month, the Philippines’ House of Representatives approved the 2026 budget, with total spending set to hit 6.79 trillion pesos (around $116 billion), a 7.4 percent increase over the previous year. The budget is now being reviewed by the Senate.

Business confidence collapses in July

MANILA, Philippines — Business sentiment in the Philippines turned sour in July amid renewed concerns over hostilities in the Middle East and persistent inflationary pressures, according to the Bangko …