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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
From its original excise tax of ₱30 in 2017, the tax on tobacco increased to ₱32.50 on January 1, 2018, ₱35 on July 1, 2018, will increase to ₱37.50 on January 1, 2019, and ₱40 on January 1, 2020. Afterwards, it will increase annually by 4% from January 1, 2024. [26]
Income inequality in the Philippines is the extent to which income, most commonly measured by household or individual, is distributed in an uneven manner in the Philippines.
August 19–30 – The Philippines competed at the 29th Southeast Asian Games held in Kuala Lumpur, Malaysia. The Philippines finished the 29th SEA Games in 6th place with a medal haul of 24 Golds, 33 Silvers and 64 Bronze which is the country's worst finish in 18 years.
In 2017, about 2.2 million people receiving pension from the SSS saw their take-home benefits increased by ₱1,000 with the approval of President Rodrigo Duterte.
NJIT Adjunct Faculty Get 1st Union Contract, Pay Raisepatch.com
The richest 10 percent, meanwhile, took a larger share of the income at 41.7 percent in 1980, up from 37.1 percent in 1970. [61] According to the FIES (Family Income and Expenditure Survey) conducted from 1965 to 1985, poverty incidence in the Philippines rose from 41 percent in 1965 to 58.9 percent in 1985.
^ Ltd, Allied Newspapers (9 August 2017). "President amongst 30,000 government employees getting salary increase". Times of Malta.
The following are the events in related to Philippine law in 2017. This includes developments in criminal investigations of national notability.
Karlo Alexei Bendigo Nograles (born September 3, 1976) is a Filipino lawyer and politician serving as the Chairperson of the Civil Service Commission since March 4, 2022. He was previously the Cabinet Secretary (2018–2022) and acting Presidential Spokesperson (2021–2022) in the Duterte administration. He was also the co-chair and ...
The Cabinet of the Philippines ( Filipino: Gabinete ng Pilipinas, usually referred to as the Cabinet or Gabinete) consists of the heads of the largest part of the executive branch of the national government of the Philippines. Currently, it includes the secretaries of 22 executive departments and the heads of other several other minor agencies ...