The United States and the Philippines have recently selected New Clark City in Tarlac as the future site for a 4,000-acre technology economic zone. The landmark US–Philippines deal will soon establish the first AI-native industrial acceleration hub in New Clark City within the Luzon Economic...
EVIAN, France (Jiji Press) -- Japan and Brazil agreed Tuesday to start negotiations on the conclusion of an economic partnership agreement for free trade between Japan and South American trade bloc Mercosur. The agreement was reached at a meeting between Japanese Prime Minister Sanae Takaichi and...
British banking giant Barclays said dovish members of the Monetary Board (MB) will likely support a less aggressive policy stance amid signs of cooling inflation, adding that monetary authorities may reverse their tightening cycle by 2027 to buoy a slowing economy. “With the May inflation print...
Senator Francis “Chiz” Escudero has urged the national government to consider non ‑ tax revenue options to achieve long-term fiscal stability even as state economic managers continue to study ways to strengthen the country’s revenue generation policies. Escudero said the government should...
The Organization for Economic Cooperation and Development (OECD) has flagged corruption as a major risk to Philippine infrastructure delivery, warning that the multibillion-peso flood-control corruption scandal show that current accountability safeguards remain insufficient to prevent the misuse of...
The Tariff Commission (TC) has launched an investigation to determine the merits of a proposal seeking to implement a uniform five-percent tariff rate on corn imports to prevent increases in pork and chicken prices. In a notice dated June 10, the TC said it has started a probe into a petition filed...
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...
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 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...
Citing the rising risk of inflation expectations becoming de-anchored, the Paris-headquartered intergovernmental Organization for Economic Cooperation and Development (OECD) holds one of the most hawkish positions on policy tightening, penciling in a maximum of 125 basis points (bps) in interest...
The country’s largest business group and investment promotion agencies (IPAs) expect the government’s new investment promotion framework to encourage the entry of capital aligned with global growth trends, such as artificial intelligence (AI). Management Association of the Philippines (MAP)...
