Philippines

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Newly approved legislation mandating a biometric national identity card is expected to help bring unbanked Filipinos into the financial fold.

Investors in the Philippine Stock Exchange (PSE) are set to have a wider range of products and trading options at their disposal, with the exchange announcing that short selling will be made available during the third quarter of this year.

The Philippines needs to do more to guard against the threat of cyberattacks, according to a new report, though both the private and public sectors are moving to reduce risks and bolster security systems.

Manufacturing has maintained its standing as a key growth driver for the Philippines, with rising domestic consumption and a series of major infrastructure projects lifting expansion in both the sector and broader economy.

The Philippines is making efforts to modernise and strengthen its agriculture sector, with both the state and private companies promoting the adoption of advanced technology and smart farming methods to increase harvests and minimise losses.

New legislation approved by the Philippine Parliament in March aims to incentivise scientists and researchers based overseas to return home to deepen the research and development (R&D) talent pool.

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