Philippine President Ferdinand Marcos Jr. on December 20 signed into law the national budget for 2024 worth over 5.7 trillion PHP (103.3 billion USD) which includes plans to combat poverty and boost economic growth.
Philippine President Ferdinand Marcos Jr (Photo: AFP/VNA)
Hanoi (VNA)ꦦ – Philippine President Ferdinand Marcos Jr. on December 20 signedinto law the national budget for2024 worth over 5.7 trillion PHP (103.3 billion USD) which includes plans to combat poverty and boost economic growth.
The2024 budget is nearly 10% higher than 2023’s and the highest ever. Ina speech after signing the budget, Marcos said that his government is committedto good governance and spending it efficiently. ThePhilippine government has not yet announced detailed allocations, but accordingto the Constitution, spending on the education sector accounts for the majorityof the national budget. Analystspredict that the Philippines will face many challenges in 2024 due to El Nino phenomenon.Recently, it narrowed its gross domestic product (GDP) growth target for nextyear to 6.5%-7.5% from the previous range of 6.5%-8% due to concerns thatextreme weather could reduce agricultural output. The proposed national budget for2025 is set at 6.12 trillion PHP./.
The latest survey of the Social Weather Stations (SWS) showed that 9.8% of Philippine families experienced "involuntary" hunger at least once in the third quarter of 2023.
The Philippines’ authorities said four children, including an 11-month-old boy, died and two others were injured in a fire that occurred at a residential area in Cebu city in the central region on November 23.
The Asian Development Bank (ADB) said on December 8 that it has approved a loan of 200 million USD to support the Philippines in delivering high-quality, inclusive, climate-resilient, and low-carbon public infrastructure.
The Philippines is tempering its economic growth outlook for 2024 as it braces for "difficult months" when the El Nino weather phenomenon takes its toll.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Philippine President Ferdinand Marcos Jr (Photo: AFP/VNA) 
