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Workers lay out steel frames for the building foundation at a construction site in Pasig City, June 20. 2025. — PHILIPPINE STAR/MIGUEL DE GUZMANECONOMIC MANAGERS cut its gross domestic product (GDP) growth target for this year amid “heightened global uncertainties” arising from the Middle East

Workers of the Department of Public Works and Highways put temporary asphalt on the potholes along Roxas Blvd. in Manila. — PHILIPPINE STAR/EDD GUMBANBy Aubrey Rose A. Inosante, ReporterTHE NATIONAL GOVERNMENT’S (NG) budget deficit narrowed in May as faster revenue collection offset a slowdown in

An employee holds US dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. — REUTERS/WILLY KURNIAWANBy Chloe Mari A. Hufana, ReporterTHE PHILIPPINES is expected to receive $100 million (P5.66 billion) less in remittances next year if US President Donald J. Trump’s