The Philippines is expected to remain a major supplier of caregivers, nurses, and domestic workers to aging economies in the Asia-Pacific region, although state-run policy think tank Philippine Institute for Development Studies (PIDS) warned that Filipina migrant workers continue to face precarious...
President Marcos departed for his first state visit to Japan on Tuesday afternoon, May 26, stressing that the trip to Tokyo is an “essential” undertaking amid increasingly challenging global issues. The plane carrying Marcos and his delegation left the Villamor Airbase at 1:36 p.m. In his...
The Philippines encouraged member economies of the Asia-Pacific Economic Cooperation (APEC) to reject arbitrary non-tariff measures (NTMs) and push for key reforms in the global trading environment to ensure resilient supply chains, the Department of Trade and Industry (DTI) said. Trade Secretary...
Aboitiz Economic Estates, a subsidiary of Aboitiz InfraCapital Inc., expects the first 200 hectares (ha) of the 384-ha TARI Estate industrial estate in Tarlac City to be operationally ready before the end of the second quarter of 2026. The firm said in a statement on Monday, May 25, that the...
Trade ministers from member economies of the Asia-Pacific Economic Cooperation (APEC) affirmed the need to uphold open and rules-based global trade to ensure the region’s economic growth amid the rise of protectionist policies. During the opening of the APEC Ministers Responsible for Trade (MRT)...
The Asia-Pacific Economic Cooperation (APEC) warned that economic growth across the region is expected to slow over the next two years as soaring oil prices, supply chain disruptions, and rising food costs linked to the worsening conflict in the Middle East weigh on trade and consumer demand. In...
A nearly seven-year-old policy that froze new Philippine Economic Zone Authority (PEZA) ecozone approvals in Metro Manila may need to be revisited as compliant office space in key central business districts (CBDs) becomes increasingly scarce, according to property consultancy Colliers. In a May 19...
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...
Latest numbers from the Philippine Statistics Authority (PSA) serve as a reality check for the Marcos administration, which has been promising a new economic era. The economy grew by just 2.8 percent in the first quarter of the year, a cold shower for a country recently touted as a regional leader....
Investments approved by the Philippine Economic Zone Authority (PEZA) in the first four months of the year rose by 72 percent to more than ₱100 billion compared to a year ago, as the country’s ecozones continue to attract capital amid ongoing global volatility. PEZA said it approved a total of...
