Business & Economy · 15 views
2026 was meant to be the Philippines’ year—yet the country remains stuck in an ‘recurring cycle of underachievement’
When the Philippines took over from Malaysia as chair of the Association of Southeast Asian Nations (ASEAN), expectations ran high that the country could use its one-year term to attract investment and catch up with the more successful…
AI Summary
The Philippines assumed the ASEAN chairmanship from Malaysia with expectations that its one‑year term would draw investment and help it catch up to more successful regional peers. With two months remaining in 2026, those hopes have faded as the country has become Southeast Asia’s worst‑affected by soaring energy prices. The downturn follows the U.S.–Iran war that began in February, which triggered the price spike.
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