The Philippine economy’s reliance on remittances from overseas Filipino workers is often seen as a vulnerability and a path by which turbulence in foreign markets can reach local shores. Those fears recently came to the fore after the growth of remittances slowed in 2014 and news reports appeared in the summer of 2015 suggesting remittances...
“Tax more, spend more” is the clear-cut recommendation of the IMF to the Philippines, delivered in no uncertain terms in its September 2015 annual report on the country’s economy and economic policies. The IMF “welcomed the government’s plan to step up infrastructure investment and social spending” and “encouraged further efforts … to mobilise...
With the elections taking place in 2016 for everything from local councillor to president of the republic, Philippine politics is set to undergo some far-reaching changes. Whatever the outcome of the balloting, one thing has long been certain: 2016 will mark the end of President Benigno Aquino III’s period in office. Many will miss his...
In 1986, millions of our people gathered on Epifanio de los Santos Avenue (EDSA) – our capital city’s most prominent avenue – and other cities throughout the nation to overthrow a dictator, who had for too long subjected our country to his tyranny and oppression. People armed only with rosaries, good intentions and belief in their countrymen...
This chapter contains facts for visitors, a list of recommended hotels, and a numbers listing for chambers of commerce, government offices, foreign missions and other important contacts. It also highlights suggested destinations throughout the archipelago for travelers to consider when visiting the Philippines.
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