The National Economic and Development Authority is batting for a full reopening of the economy, increased investments in human capital, and the transformation of production sectors to create more quality jobs as the government aims to reduce the poverty rate to 9% by 2028.

The Bangko Sentral ng Pilipinas says overseas Filipinos sent home $3.06 billion in June, pushing total remittances for the first six months of the year to $17.08 billion.

China's central bank cut interest rates on Monday as new data showed the economy losing steam last month because of renewed COVID lockdowns and a deepening property downturn.