Philippine economic growth is seen falling to a new post-pandemic low of three percent this year as the lingering impacts of last year’s multi-billion-peso flood-control corruption scandal and the prolonged war in the Middle East weigh on investor and business confidence, according to think tank...
President Marcos has called for stronger Philippines-Japan cooperation and the modernization of the countries’ economic partnership agreement as both nations marked 70 years of normalized diplomatic relations. Speaking before the National Diet as part of his State Visit in Tokyo, Marcos said the...
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...
The Philippine Economic Zone Authority (PEZA) is looking to leverage the Regional Comprehensive Economic Partnership (RCEP) and the country’s strong bilateral ties with Australia and New Zealand to attract investments in key sectors. In a statement, PEZA said it recently mounted a trade mission...
The Philippines is expected to remain a major supplier of caregivers, nurses, and domestic workers to aging economies in the Asia-Pacific region, although state-run policy think tank Philippine Institute for Development Studies (PIDS) warned that Filipina migrant workers continue to face precarious...
President Marcos departed for his first state visit to Japan on Tuesday afternoon, May 26, stressing that the trip to Tokyo is an “essential” undertaking amid increasingly challenging global issues. The plane carrying Marcos and his delegation left the Villamor Airbase at 1:36 p.m. In his...
The Philippines encouraged member economies of the Asia-Pacific Economic Cooperation (APEC) to reject arbitrary non-tariff measures (NTMs) and push for key reforms in the global trading environment to ensure resilient supply chains, the Department of Trade and Industry (DTI) said. Trade Secretary...
Aboitiz Economic Estates, a subsidiary of Aboitiz InfraCapital Inc., expects the first 200 hectares (ha) of the 384-ha TARI Estate industrial estate in Tarlac City to be operationally ready before the end of the second quarter of 2026. The firm said in a statement on Monday, May 25, that the...
Trade ministers from member economies of the Asia-Pacific Economic Cooperation (APEC) affirmed the need to uphold open and rules-based global trade to ensure the region’s economic growth amid the rise of protectionist policies. During the opening of the APEC Ministers Responsible for Trade (MRT)...
The Asia-Pacific Economic Cooperation (APEC) warned that economic growth across the region is expected to slow over the next two years as soaring oil prices, supply chain disruptions, and rising food costs linked to the worsening conflict in the Middle East weigh on trade and consumer demand. In...
A nearly seven-year-old policy that froze new Philippine Economic Zone Authority (PEZA) ecozone approvals in Metro Manila may need to be revisited as compliant office space in key central business districts (CBDs) becomes increasingly scarce, according to property consultancy Colliers. In a May 19...
Eight more countries have joined the Luzon Economic Corridor (LEC) initiative as “valued partners,” as the Philippines, Japan, and the United States reaffirmed their commitment to accelerate infrastructure development and economic connectivity in the country. The development came during the 4th...
