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Philippines cuts rates amid falling investment, rising unemployment, and corruption probes.
The Philippines faced economic headwinds in late 2025, with inflation at 1.5% and investment approvals down 48% year-on-year, prompting a P60 billion PhilHealth fund restoration.
Growth forecasts were cut by the ADB and World Bank to 5% and 5.1%, citing weak investment and infrastructure delays.
The central bank cut interest rates to 4.5%, while unemployment rose to 5%.
Corruption probes intensified, with a contractor surrendering and a former lawmaker declared a fugitive.
The government banned pork imports from Taiwan over African Swine Fever.
In regional news, Malaysia proposed an ASEAN Rural Development Council and will host a special foreign ministers’ meeting, while Vietnam banned e-cigarettes.
China shipped iron ore to Guinea post-coup, and Pakistan allowed Binance to explore asset tokenization.
Do Kwon was sentenced to 15 years for the TerraUSD collapse.
Filipinas recorta las tasas en medio de la caída de la inversión, el aumento del desempleo y las investigaciones de corrupción.