Senate Court Pauses Impeachment Trial for Budget Deliberations
Economy

Senate Court Pauses Impeachment Trial for Budget Deliberations

The Philippine Senate will temporarily suspend impeachment trial proceedings to prioritize deliberations and the approval of the proposed P7.2-trillion national budget for 2027, aiming for its passage before the year's end.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • Philippines Adopts Global Pricing for Bonds to Attract Foreign Investors

    The Philippines will adopt an international pricing system for its peso-denominated government and corporate bonds starting January 2027. This move aims to attract more foreign investors, enhance the competitiveness of its financial market, and eventually lower borrowing costs. The reform is expected to improve market liquidity and diversify corporate financing options, preceding the country's inclusion in the J.P. Morgan Government Bond Index-Emerging Markets.

  • Philippine Exports Poised to Hit $100 Billion Driven by Electronics Demand

    Philippine exporters anticipate merchandise exports to reach $100 billion this year, primarily driven by robust demand for electronic products and minerals. This projected figure would mark a historic high for the nation, with the government pledging continued support for businesses seeking international market expansion.

  • DBM Orders Project Review Ahead of 2028 Budget Cycle

    The Department of Budget and Management (DBM) has directed regional development councils (RDCs) to begin reviewing and prioritizing projects in preparation for the 2028 national budget. Endorsed proposals are to be submitted to national agencies by mid-December.

  • Meralco Wins Approval for First Distribution Rate Hike in 15 Years

    Meralco, the Philippines' largest power distributor, has secured regulatory approval for its first distribution rate increase in 15 years. The decision by the Energy Regulatory Commission (ERC) is expected to further strain household budgets already burdened by high energy costs.