The Philippines’ economy is leaning heavily on infrastructure projects — along with the traditional growth drivers of consumption and foreign remittances — to deliver an economic boost in 2020. In the meantime, the central bank is keeping monetary conditions easy to help the country catch up with its Southeast Asian neighbors.
The Philippines banned two US lawmakers from visiting and will introduce tighter entry restrictions for US citizens should Washington enforce sanctions over the detention of a top government critic, the president’s spokesman said on Friday.
Typhoon Phanfone pummeled the central Philippines on Christmas Day, bringing a wet and miserable holiday season to millions. Thousands were stranded at shuttered ports or evacuation centers while others sheltered in rain-soaked homes as Phanfone crossed from one island to another for the second day.
A powerful earthquake hit the southern Philippine island of Mindanao on Sunday, killing a child, injuring dozens and damaging buildings in an area still recovering from a string of deadly quakes in October.
The Philippines' north has been hit by some of its worst flooding in decades, with torrents of muddy runoff forcing 66,000 from their homes and prompting rescues of trapped locals, authorities said Friday.
Volunteers from the Cavitex Infrastructure Corp. (CIC) collected some 255 sacks of trash and debris, weighing some 1,275 kilograms, during a coastal clean-up at the Cavitex Mangrove Park in Parañaque City, Philippines, on Saturday.