The Philippines will repay through 2041 an $800-million loan from the World Bank aimed at strengthening the country’s fiscal resilience, attracting higher-quality private investments, and equipping workers with skills for more productive and higher-value jobs. Documents showed that Finance...
LT Group Inc., the conglomerate controlled by tycoon Lucio Tan, expects its banking division to drive earnings to another record this year, offsetting the impact of elevated commodity costs and strained consumer spending fueled by geopolitical conflicts in the Middle East. In a briefing, Lucio Tan...
D&L Industries Inc., the country’s largest producer of oleochemicals and specialty plastics and food products, posted five percent improvement in net income to ₱717 million in the first quarter of 2026 as most of its businesses actually benefited from the Middle East conflict. In a media...
ILOILO CITY— The office market in Western Visayas is maintaining its resilience as stable vacancy rates and robust take-up counter the recent surge in new supply, according to real estate services firm Colliers Philippines. Joey Roi Bondoc, Colliers Philippines research director, said the vacancy...
The Philippines and the United States (US) have moved to accelerate the 2026 development agenda for the Luzon Economic Corridor, signaling a deepening of trilateral ties to transform Manila’s industrial heartland into a premier investment destination. Finance Secretary Frederick D. Go met with...
The soon-to-rise United States (US) economic security zone in the Philippines could strengthen the country’s role in global supply chains for semiconductors and critical minerals, potentially moving the local industry beyond its current focus on low-value assembly and testing, according to the...
The Philippine government is stepping up efforts to attract high-impact foreign investments, positioning the country as a stable destination amid global uncertainty. Speaking at the Philippine Executive Forum on April 20, Finance Secretary Frederick D. Go outlined the country’s economic case to a...
The United States (US) and the Philippines have selected New Clark City in Tarlac as the site for a 4,000-acre technology economic zone in efforts to rewire global supply chains away from Chinese dominance. Frederick D. Go, who also serves as the country’s investment czar, told Manila Bulletin on...
Developing economies including the Philippines are pressing the World Bank Group (WBG) to help reduce borrowing costs as the economic fallout from the Middle East conflict drives up oil prices, disrupts supply chains, and threatens growth and food security. In an April 16 statement delivered before...
The International Monetary Fund (IMF) urged the Philippines to exercise fiscal discipline and prioritize targeted spending as the country’s debt ratio is projected to breach a critical threshold this year amid volatile global energy markets. The Washington-based lender expects the general...
The Maharlika Investment Corp. (MIC) is shifting its strategy for the Philippines’ planned strategic petroleum reserve, opting to finance storage infrastructure rather than purchasing fuel to avoid exposure to volatile global commodity prices. Rafael D. Consing Jr., MIC president and chief...
President Marcos met the ambassador of Oman and the non-resident ambassadors of Albania, Azerbaijan, Côte d’Ivoire, Iceland, Georgia, and Somalia on Tuesday, April 14. Marcos welcomed Omani Ambassador Nasser Said Abdullah Almanwari in a courtesy call at Malacañan Palace on Tuesday afternoon....
