Philippines

The plan to decouple the state’s regulator-operator role faces pushbacks, weighing down valuations

An official confirmed there was no longer an active shooting and there were no additional fatalities or reported injuries

This comes as the economy slows further in Q2 as consumer spending and investments shrink

The proposed debt, mostly to be raised domestically, would account for 46% of next year’s Budget of 7.2 trillion pesos

The government has cut this year’s growth forecast to 3.5% to 4.5%

This remains way above the central bank’s tolerance range

A late start and an underdeveloped supply chain could blunt the Philippines’ EV ambitions

He also alludes to ongoing tensions in the South China Sea, declaring that Filipinos “do not yield”

State funding gaps have turned the sector into a prime market for foreign capital