Philippine state firm subsidies more than double to 1.86 bln USD

NAMPA / Xinhua

2026-08-24

MANILA, Aug. 24 (Xinhua) -- State firm subsidies more than doubled to 114.6 billion pesos (about 1.86 billion U.S. dollars) in the first half of 2026 in the Philippines, driven by a record 66.3 billion pesos in April and a 16.6-billion-peso boost in June, local media reported on Monday. According to Manila Bulletin, the April surge came from a 60-billion-peso subsidy to PhilHealth after a Supreme Court ruling, while Food Terminal Inc. got a on......

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