The Bureau of Customs (BOC) has issued new rules streamlining the temporary admission of foreign cable-laying and repair vessels, as the government moves to facilitate submarine cable and offshore energy projects deemed critical to the country’s digital and energy infrastructure. Under the...
The Philippine government and the Beijing-based Asian Infrastructure Investment Bank (AIIB) are exploring partnerships in digitalization and energy aimed at improving the ease of doing business and accelerating infrastructure development to support economic growth. In a statement on Friday, May 22,...
The Philippines will repay until 2044 its biggest-ever loan from the World Bank, which will bankroll a sweeping agricultural transformation program aimed at boosting food production, modernizing farming systems, and strengthening climate resilience. Documents showed that Finance Secretary Frederick...
Victims of two typhoons that struck the country last year would soon receive cash assistance after the Philippines and the Asian Development Bank (ADB) signed the agreement for a $3-million grant that will fund emergency aid for families affected by Typhoons “Tino” and “Uwan.” Documents...
The government is set to soon launch an incentive program aimed at encouraging companies to manufacture electric vehicles (EVs) in the country, with at least four automotive firms already expected to participate. Finance Secretary Frederick Go, President Macos’ point man for investment and...
The government expects the addition of seven partner nations to the Luzon Economic Corridor (LEC) to cement the region’s status as a primary investment magnet, a move officials say is vital for insulating the economy against persistent global volatility. Finance Secretary Frederick Go said the...
Japan International Cooperation Agency (JICA) and the Philippine government have launched a technical cooperation project aimed at strengthening sustainable finance and climate-related transparency frameworks in the country. In a statement on Saturday, May 9, JICA Philippines said that it signed...
President Marcos’ chief economic manager brushed off concerns over the country’s fiscal position, assuring markets that the government remains financially stable and still has room to borrow further if needed to cushion the economy from energy shocks. This comes against the backdrop of...
The Philippines will repay through 2041 an $800-million loan from the World Bank aimed at strengthening the country’s fiscal resilience, attracting higher-quality private investments, and equipping workers with skills for more productive and higher-value jobs. Documents showed that Finance...
The Philippines and the United States (US) have moved to accelerate the 2026 development agenda for the Luzon Economic Corridor, signaling a deepening of trilateral ties to transform Manila’s industrial heartland into a premier investment destination. Finance Secretary Frederick D. Go met with...
The soon-to-rise United States (US) economic security zone in the Philippines could strengthen the country’s role in global supply chains for semiconductors and critical minerals, potentially moving the local industry beyond its current focus on low-value assembly and testing, according to the...
The Philippine government is stepping up efforts to attract high-impact foreign investments, positioning the country as a stable destination amid global uncertainty. Speaking at the Philippine Executive Forum on April 20, Finance Secretary Frederick D. Go outlined the country’s economic case to a...
