We all have a role in keeping the environment clean. In Lipa-Malvar, Batangas, a new facility is demonstrating how industrial zones can manage waste more responsibly. Following circular economy principles, it turns plastic into eco-products, composts food waste, and recovers other materials for...
Fresh investments approved by the Philippine Economic Zone Authority (PEZA) during the first quarter of 2025 grew by 294 percent compared to the same period last year, reaching approximately 24 percent of its investment target for this year. PEZA, an investment promotion agency (IPA)...
Japan-based medicine instrument manufacturer Kaneko Cord Co. Ltd. has inked a supplemental agreement with the Philippine Economic Zone Authority (PEZA) towards the expansion of its production portfolio. Kaneko, through its local subsidiary Kaneko Medical Philippine Inc., is a PEZA-registered...
The National Innovation Council (NIC) has greenlit the creation of a think tank to prepare the Philippines for the emergence of artificial intelligence (AI). In a statement on Friday, March 28, the state planning agency National Economic and Development Authority (NEDA) said NIC last Wednesday,...
Elections and related spending no longer provide the same economic boost as they once did. As a result, an economist at Ateneo de Manila University expects the Philippine economy to grow below goal this year, despite the upcoming midterm elections in May. Luis Dumlao, associate professor and senior...
Flights to China, Hong Kong, and Taiwan from Ilocos Norte’s Laoag International Airport may soon return as the province aims to transform into Southeast Asia’s economic hub through public-private partnership (PPP). This plan is included in the memorandum of agreement (MOA), signed on Friday,...
It’s no news that carbon dioxide traps heat, causing a warming climate. But what helps trap the former? More importantly, what does so in large amounts? Forests, oceans, and soils all play a vital role in taming the Earth’s rising temperatures by acting as carbon sinks. This means they absorb...
The government is offering tax deductions to private donors supporting six priority programs in this year's list of the state planning agency National Economic and Development Authority (NEDA). Earlier this month, NEDA came out with the 2025 National Priority Plan (NPP), which listed down key...
Following the Philippines' disappointing economic performance in 2024, hitting even the lower end of the government’s six-to eight-percent growth target this year could be challenging, according to the Philippine Institute for Development Studies (PIDS). “Nevertheless, PIDS remains optimistic,...
To bolster public trust, the Philippine Statistics Authority (PSA) should spearhead the development of a clear and reliable nationwide data management system, ensuring accuracy and consistency. In a policy note on artificial intelligence (AI) released Friday, Feb. 7, the National Economic and...
The economy maintained its growth momentum in the fourth quarter of 2024, but the full-year expansion fell short of the government's targets, the Philippine Statistics Authority (PSA) reported. The country’s economy, as measured by the gross domestic product (GDP), grew by 5.2 percent from...
While the Philippine economy has likely accelerated further in the last three months of 2024, majority of the private-sector economists polled by Manila Bulletin doubt its degree was enough to reach the government’s growth target. Following the lower-than-expected quarter-three gross...
