December 2024

Philippine debt stock soars to P16 trillion

The government’s debt reached P16 trillion in October, making up 60.3% of the economy. Currency devaluation has raised foreign debt values. The Bureau of the Treasury reports a 0.8% monthly increase, as the Philippines faces fiscal challenges amid economic recovery efforts.

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San Antonio’s new terminal: Construction starts soon

San Antonio International Airport’s new terminal construction is set to begin in December 2024. The $1 billion project includes a modern 800,000-square-foot terminal, with features integrating local artwork. Completion is expected by 2028, amidst ongoing legal disputes with Southwest Airlines over gate assignments.

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South Korea parliament challenges president, lifts martial law order

In a bold move against executive authority, South Korea’s parliament votes to lift martial law, defying President Yoon Suk Yeol. The president accuses opposition members of sympathizing with North Korea, fueling political tensions. This legislative decision underscores deep divides within the government, reflecting the opposition’s significant influence in parliament. As South Korea faces internal and regional uncertainties, the balancing act between national security and democratic values takes center stage.

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