Amid weakening economic sentiment, fueled by corruption issues, a political economist has floated the prospect of constitutional reform to end protectionist clauses that heavily favor Filipino ownership and goods. Calixto Chikiamco, president of think tank Foundation for Economic Freedom (FEF),...
The Philippine Economic Zone Authority (PEZA) expects to attract new investments from South Korean manufacturing and technology companies that have expressed interest in establishing operations within the country’s extensive network of ecozones. The PEZA, together with the Office of the Special...
Investment pledges approved by the Philippine Economic Zone Authority (PEZA) grew by 42 percent to over ₱170 billion from January to October, compared to the same period last year, driven by investor confidence in the country’s ecozone program. In a statement, the PEZA said it approved...
The Philippine Economic Zone Authority (PEZA) is on track to meet its ambitious target of welcoming up to 30 economic zones (ecozones) this year. With nearly two months left in the year, PEZA Director General Tereso Panga said the investment promotion agency still expects the presidential...
BAGUIO CITY – This city registered a 5.8 percent economic growth in 2024 and remains the fastest growing economy among all Cordillera provinces and highly urbanized cities, the Philippine Statistics Authority-Cordillera said. PSA-Cordillera Chief Statistical Specialist Aldrin Federico Bahit Jr....
The Philippine Economic Zone Authority (PEZA) is partnering with the Home Development Mutual Fund, otherwise known as Pag-IBIG Fund, to provide affordable housing for PEZA employees and the broader ecozone workforce in the country. In a statement, PEZA Director General Tereso Panga 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,...
In love, they call it the seven-year itch, but the Philippine coal moratorium barely made it to a five-year streak before jumping back into the arms of its toxic ex: King Coal! Missing the ‘dirty play’ that much, huh? It looks like we can’t quit this coal addiction, even as the planet begs...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is exploring a potential agreement with Spanish engineering firm IDOM Consulting, Engineering, Architecture SAU to establish a food and logistics hub at the Casiguran-based ecozone. APECO President and Chief Executive Officer (CEO) Gil...
Since 2022, artificial intelligence (AI) has begun to transform the Philippine economy—not as a futuristic concept, but as a current and measurable force. Generative AI tools are already reshaping the business landscape, from finance and marketing to logistics and customer service. Local...
Citing weaker-than-expected economic growth in the first semester of 2025, the International Monetary Fund (IMF) has lowered its 2025 and 2026 gross domestic product (GDP) forecasts, with next year’s outlook seen to fall short of the downscaled growth goal. IMF Mission Chief Elif Arbatli...
SM Offices, a business unit of SM Prime Holdings Inc., has signed a Registration Agreement with the Philippine Economic Zone Authority (PEZA) confirming the Presidential Proclamation of SM City Santa Rosa IT Center as an Information Technology Economic Zone. Proclamation No. 944, signed by...
