Artificial intelligence (AI) is beginning to reshape trade processes across the Asia-Pacific region, but adoption remains limited as economies grapple with skills shortages, infrastructure costs, as well as regulatory challenges, according to a joint study by the Bangkok-based United Nations...
State-run Clark International Airport Corp. (CIAC) has signed a 25-year lease agreement with Heatcon Asia Inc., a Boeing supplier specializing in composite repair solutions, as part of efforts to strengthen Clark’s aviation and aerospace industry. In a statement on Wednesday, June 10, CIAC said...
Local equities rebounded from a previous session of losses as investors seized on beaten-down shares following the fragile de-escalation of geopolitical hostilities in the Middle East. The Philippine Stock Exchange index (PSEi) advanced 66.3 points, or 1.13 percent, to settle at 5,945.71 on...
Starting in 2028, the Philippines will automatically exchange information on crypto-asset transactions annually with foreign tax authorities, according to the Paris-based Organization for Economic Cooperation and Development (OECD). According to OECD’s “Tax Transparency in Asia 2026: Asia...
The World Bank has approved a six-month extension of its $300-million loan for a delayed project aimed at strengthening Metro Manila’s preparedness for “The Big One” earthquake, after the Philippine government sought more time to implement key activities that have yet to begin. In a...
The Manila-based multilateral lender Asian Development Bank (ADB) has urged countries in Asia-Pacific to accelerate regional power connectivity as mounting geopolitical tensions, soaring electricity demand, as well as energy security risks threaten economic growth and household welfare across the...
The Philippines recorded the lowest demand for digital skills among six Asia-Pacific economies studied by the Manila-based Asian Development Bank (ADB), although employers’ requirements for digital competencies have been rising steadily as technology spreads across a broader range of occupations....
The World Bank has urged Philippine implementing agencies to focus on completing the long-delayed Metro Manila Flood Management Project amid signs of progress and with less than six months remaining before its financing expires. In a June 7 implementation status and results report, the...
The Philippine Stock Exchange index (PSEi) opened the week on a negative note as share prices dropped on Monday, June 8, following an escalation in hostilities in the Middle East. The main index lost 58.97 points, or 0.99 percent, to close at 5,879.41. Miners led the retreat across the board due to...
Despite widespread public concern about climate change, financing and institutional constraints continue to hamper the Philippines’ efforts to strengthen climate resilience and adaptation measures, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). In...
The Asian Development Bank (ADB) is preparing a $10-million technical assistance (TA) grant to jump-start its newly launched Pan-Asia Power Grid Initiative, a flagship regional program aimed at expanding cross-border electricity trade and accelerating renewable energy (RE) integration across Asia...
The Department of Finance (DOF) has begun negotiations with Switzerland-based SICPA SA for a proposed ₱13.44-billion fuel marking program extension beyond the expiration of the current contract in mid-2026, ensuring the continuation of a key anti-smuggling initiative that has been in place since...
