The Philippines is expected to import more agricultural products over the next decade as its domestic production grapples to meet the demand of a growing economy and booming population. Based on the latest forecast of the Paris-based Organization for Economic Cooperation and Development (OECD) and...
Aboitiz Power Corp. (AboitizPower) announced that a subsidiary of its Therma Power Inc. will construct a battery energy storage system (BESS) in Cebu, which will be slated for commissioning by next year. In a statement, AboitizPower said Therma Power’s East Asia Utilities Corp. (EAUC) will soon...
United States Secretary of State Marco Rubio assured Southeast Asian nations that the US is “not walking away” from its economic and defense ties in the region and is, in fact, working to build further on their relationships. Rubio said this after the 58th Association of Southeast Asian...
The share of tax revenues to the Philippine economy has lingered below the regional average of efficient collections, highlighting the need to further improve tax administration and enforcement. The Organization for Economic Co-operation and Development’s (OECD) Revenue Statistics in Asia and the...
Polish companies have expressed interest in investing in the country’s key sectors following the government’s investment mission to Poland, according to the Philippine Economic Zone Authority (PEZA). In a social media post, PEZA Director General Tereso Panga said the roadshow in Poland was part...
TACLOBAN CITY – Newly-elected Northern Samar second district Rep. Edwin Ongchuan has filed a bill institutionalizing the position of Local Economic Development and Investment Promotions Officer (LEDIPO) in all local government units (LGUs) in the Philippines. House Bill 602 seeks to amend...
Investments approved by the Philippine Economic Zone Authority (PEZA) during the first half of 2025 rose 59 percent, as the government continues to position the country as an attractive investment hub. In a statement, PEZA said it has approved ₱72.36 billion in investment pledges from January to...
Most Filipinos struggle to safeguard their finances when natural disasters strike—a troubling reality for a country like the Philippines, which faces severe climate risks, according to the Organization for Economic Cooperation and Development (OECD). “Many people living in Cambodia and the...
Strengthening financial education and business planning among beneficiaries is seen as key to sustaining the impact of the Department of Labor and Employment (DOLE)’s livelihood assistance programs nationwide. DOLE said it is enhancing the capacity of regional implementers to ensure its...
The Philippines’ competitive ranking among its regional peers still leaves much to be desired, clinging to the 13th slot out of 14 economies in the Asia-Pacific region. While we’ve seen some advancement in productivity and efficiency, including management practices, the Swiss-based...
As it aspires to increase the share of renewable energy (RE) in its power mix, the Philippines drastically improved its ranking to 76th out of 118 countries in the World Economic Forum’s (WEF) 2025 Energy Transition Index (ETI). This year’s jump is a reversal of the country’s slide to 105th...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has secured additional land to develop an existing airstrip into a commercial airport, providing investors direct access to the ecozone. In a statement, APECO said it has sealed an agreement with the Chua Cham family to acquire 12...
