Thailand is looking more closely at the Philippines’ emerging investment landscape, with the Luzon Economic Corridor (LEC) drawing interest as a potential gateway for deeper economic cooperation between the two countries. That was the focus of a recent visit by Thailand’s Ambassador Dr....
Canada has formally joined the Luzon Economic Corridor (LEC) with an initial investment pledge of CA$2 million, as President Marcos on Sunday, July 5 (Manila time), declared his official visit a success that opened a "new chapter" in Philippines-Canada relations. Speaking before the Philippine...
The Philippines and the United States reaffirmed their commitment to strengthening economic cooperation, maritime collaboration, and regional security following a meeting between their top diplomats. Philippine Foreign Affairs Secretary Ma. Theresa P. Lazaro met with U.S. Secretary of State Marco...
The Philippines risks remaining a mere host for foreign-led artificial intelligence (AI) and semiconductor investments under the emerging United States (US)-led Pax Silica initiative unless it develops stronger domestic technological and industrial capabilities, according to the University of the...
President Marcos and United States Secretary of State Marco Rubio discussed bilateral security and economic priorities, including developments in the South China Sea and regional energy concerns, during a phone call on Monday morning, June 1. In a Facebook post, President Marcos described his phone...
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...
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...
Sweden is looking to expand its economic cooperation with the Philippines through new investments and financial grants following its formal integration into the partnership for the development of Luzon Economic Corridor (LEC). “We do see this as a first step and we will, together with our...
The government expects the addition of seven partner nations to the Luzon Economic Corridor (LEC) to cement the region’s status as a primary investment magnet, a move officials say is vital for insulating the economy against persistent global volatility. Finance Secretary Frederick Go said the...
More than a year after an unsolicited proposal was first submitted, the Subic Bay Metropolitan Authority (SBMA) has formally launched the Swiss challenge for the ₱6.2-billion Subic Bay International Airport (SBIA) project, opening the door to rival bidders for an airport that would complement 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...
The Swedish government’s grant of $1.3 million for the Subic-Clark-Manila-Batangas (SCMB) railway project under the Luzon Economic Corridor underscores the strengthened cooperation between Sweden and the Philippines, its ambassador said. The Swedish Embassy in Manila, in a statement on Wednesday,...
