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)...
Singapore-based regional surveillance body ASEAN+3 Macroeconomic Research Office (AMRO) is seeing a full-year stagflationary period as it significantly lowers its Philippine growth outlook amid mounting pressure from elevated costs of living. Based on AMRO’s June 2026 interim update of its...
The government’s economic managers are recalibrating key economic assumptions amid evolving global and domestic developments, Malacañang said on Monday, June 1. Presidential Communications Office Undersecretary Claire Castro said the Development Budget Coordination Committee (DBCC) recently met...
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...
Philippine economic growth is seen falling to a new post-pandemic low of three percent this year as the lingering impacts of last year’s multi-billion-peso flood-control corruption scandal and the prolonged war in the Middle East weigh on investor and business confidence, according to think tank...
President Marcos has called for stronger Philippines-Japan cooperation and the modernization of the countries’ economic partnership agreement as both nations marked 70 years of normalized diplomatic relations. Speaking before the National Diet as part of his State Visit in Tokyo, Marcos said the...
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...
The Philippine Economic Zone Authority (PEZA) is looking to leverage the Regional Comprehensive Economic Partnership (RCEP) and the country’s strong bilateral ties with Australia and New Zealand to attract investments in key sectors. In a statement, PEZA said it recently mounted a trade mission...
