The Philippine Economic Zone Authority (PEZA) signaled plans to lower this year’s ₱300-billion target for investment pledges amid a 22-percent drop in approvals in the first quarter, as the ongoing war in the Middle East dampens investment plans. In a statement on Saturday, April 11, PEZA said...
The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
Vice President Sara Duterte cautioned Filipino families to prepare for more difficult economic conditions in the coming months, citing rising fuel costs and increasing prices of basic goods, while urging households not to compromise on education spending. In her speech at the Rambakan Festival in...
The Philippines is more vulnerable to “stagflationary” shock than any of its Southeast Asian neighbors as surging energy costs and cooling domestic demand squeeze the country’s economy, according to Oversea-Chinese Banking Corp. (OCBC) In a research note published last week, OCBC economists...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is pushing for the proposed Casiguran international seaport to be declared a national priority, as the investment promotion agency (IPA) ramps up efforts to secure investor backing for the big-ticket infrastructure project. APECO...
The Philippine Economic Zone Authority (PEZA) has requested the expansion of the 50-percent work-from-home (WFH) limit in ecozones to as much as 100 percent, giving registered business enterprises (RBEs) more leeway to adjust their operations amid rising fuel prices without forfeiting their...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is advancing plans to develop a domestic airport at its site in Casiguran town in Aurora province, with bidding scheduled this year and commercial operations targeted by the second quarter of 2027. APECO is also pursuing a future...
President Marcos’ declaration of a state of national energy emergency was a timely preemptive strike against volatile global crude markets rather than a delayed reaction, according to private sector economists, who warned that Filipino consumers must still prepare for a prolonged period of...
Deforestation does not happen only in the uplands but also in the lowlands. Mangroves, specialized trees and shrubs that thrive in coastal intertidal zones, have seen a significant reduction over the last century. In 1920, the country had approximately 450,000 hectares of mangrove forests. This...
President Marcos has called for deeper cooperation in a bid to restore the Association of Southeast Asian Nations ' (ASEAN) position as a global economic driver. Marcos, during the ASEAN Editors and Economic Opinion Leaders Forum in Makati City, said ASEAN centrality must remain at the core of...
ILOILO CITY — The security and emergency group is all set for the 49th meeting of Association of Southeast Asian Nations (ASEAN) economic ministers in this city beginning Wednesday, Feb. 25. The Site Task Group Emergency Preparedness and Response-Regional Incident Management Team (STGEPR-RIMT) is...
The Philippines faces a critical crossroads, where faltering education reforms could lead to a weakened economy and a workforce even less prepared for the challenges of the next decade. At the sidelines of the 2026 Leadership Forum organized by the Philippine Business for Education (PBEd) on...
