Philippine equities and the local currency rallied sharply on Monday, June 15, as global markets reacted to the breakthrough diplomatic agreement between the United States (US) and Iran. The surprise interim deal, which includes plans to lift the blockade on the Strait of Hormuz and restore...
Renewed tensions in the Middle East and escalating shipping disruptions, which trigger severe oil price shocks, are straining consumers and global economic growth alike. Since we import the vast majority of our energy requirements, these tensions have unmasked the fragility of the country’s power...
The influential Management Association of the Philippines (MAP) is urging senators to come together to resolve the leadership crisis in the Senate, emphasizing that the continued uncertainty in government is becoming a hindrance to investments. MAP President Donald Lim told reporters that the...
It 's a grand slam year for Philippine baseball. While pushing for a stronger grassroots development program, the Philippine Amateur Baseball Association is gearing up for a series of international competitions, exposures and hosting for members of the national team. “It’s a very busy...
The local contact center and business process management (CC-BPM) sector is aggressively integrating artificial intelligence (AI) to shield margins and accelerate revenue growth, betting that automation will counteract escalating geopolitical and macroeconomic headwinds. According to data released...
The country’s largest business group and investment promotion agencies (IPAs) expect the government’s new investment promotion framework to encourage the entry of capital aligned with global growth trends, such as artificial intelligence (AI). Management Association of the Philippines (MAP)...
Reforms in public procurement, infrastructure oversight, and accountability must be fully carried out to ensure that the billion-peso flood-control corruption scandal does not happen again and those responsible are made to answer, according to four governance and business groups. In a joint...
The country’s leading mining groups have defended tree-cutting activities overseen by mining companies, maintaining that such operations are tightly governed by stringent environmental oversight and regulatory requirements. In separate statements, the Chamber of Mines of the Philippines (COMP)...
The United States (US)-Association of Southeast Asian Nations (ASEAN) Business Council Inc. (USABC) is urging Southeast Asian governments to accelerate customs digitalization, harmonize trade procedures, strengthen anti-illicit trade enforcement, and deepen public-private cooperation to bolster...
Economic officials of the Association of Southeast Asian Nations (ASEAN) have concluded negotiations for the bloc’s first region-wide digital economy agreement, marking what regional leaders described as a major milestone toward a more integrated and competitive digital economy. In a statement...
Passenger traffic in the Asia-Pacific region expanded by five percent in the first four months of the year to more than 130 million compared to a year ago, driven by sustained demand for longer-haul routes despite costlier plane tickets. Based on preliminary data from the Association of...
For many years, when we spoke of prosperity corridors, we imagined highways, ports, railways, industrial estates, and airports. These remain essential. Goods still need to move. Workers still need transport. Factories still need land, power, water, and logistics. But the next prosperity corridor in...
