A newly signed law seeks to address these additional financial pressures by expanding government assistance for students pursuing college degrees and technical-vocational programs, particularly those from poor and disadvantaged backgrounds.

The Philippine labor market recorded a weaker performance in July, with the unemployment rate reaching 6.0 percent, according to data from the Philippine Statistics Authority released Tuesday.

The Philippines is set to see a major expansion in hotel capacity, with 45,884 rooms across 213 properties projected to open by 2032.