Despite escalating tensions in the Middle East, the Board of Investments (BOI) is pressing ahead with investor engagements in the region, as firms signal continued interest in Philippine projects and new opportunities emerge from the country’s inclusion in the United States (US)-led Pax Silica...
Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
The Federation of Philippine Industries (FPI) is escalating its fight against substandard goods, petitioning the Supreme Court to strip lower courts of their power to freeze the enforcement of mandatory product standards. In a letter-petition addressed to the high tribunal, the country’s largest...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to raise the policy rate by 25 basis points (bps) to 4.5 percent to confront war-driven price hikes head-on, according to investment banking giant Goldman Sachs. “Given its price stability mandate, we believe the BSP will hike...
BEIJING, China — The Asia-Pacific Economic Cooperation (APEC) Summit this year is expected to help settle differences between the economic powerhouses of China and the United States (US), as the regional bloc works to affirm an open trade policy, according to China National Committee for Pacific...
BEIJING, China — Beijing is leveraging its role as host of this year’s Asia-Pacific Economic Cooperation (APEC) forum to revive momentum for a massive regional free trade zone, seeking to counter a global tide of protectionism and fragmented commerce. In a discussion paper released Friday,...
The government has reached a fresh agreement with manufacturers and retailers to extend the nationwide price freeze on essential goods until May 10, providing a temporary shield for consumers against rising living costs. On Friday, April 17, Trade Secretary Cristina Aldeguer-Roque announced the...
The Department of Trade and Industry (DTI) is rolling out a ₱2 billion financing program aimed at accelerating the shift to electric vehicles (EVs) among the country’s small-scale transport players. In a statement on Friday, April 17, the DTI said the initiative, managed by its financing arm,...
The Philippines has launched a safeguard investigation into rice imports, as authorities move to assess whether a surge in inbound shipments is harming domestic farmers of the country’s primary food staple. In an April 15 notification to the Geneva-based World Trade Organization (WTO), the...
The United States (US) and the Philippines are planning to establish a 4,000-acre, or a nearly 1,619-hectare (ha), industrial hub in Luzon aimed at strengthening supply chains for critical inputs, according to the US Department of State. In an April 16 fact sheet, the US State Department said the...
As fuel prices continue to weigh on the export sector, the Philippine Exporters Confederation Inc. (Philexport) is calling for the suspension of the 12-percent value-added tax (VAT) to ease cost pressures on businesses and consumers. In a statement on Thursday, April 16, Philexport president Sergio...
Special Envoy to the United Arab Emirates Ma. Anna Kathryna Yu-Pimentel on Wednesday, April 15 welcomed the opening of the Manila office of Dubai International Chamber, describing it as a clear result of strengthened diplomatic and economic engagement between the Philippines and the United Arab...
