The Philippine government has named the leading business chamber of Dongguan, China, as its newest investment promotion partner, signaling strengthened economic integration between the two countries. In a statement, the Philippine Economic Zone Authority (PEZA) said its top official, Director...
After a disappointing 5.7-percent gross domestic product (GDP) growth rate last year, the Philippines is expected to post an even slower growth rate of 5.6 percent for 2025, which would once again fail to reach the government’s growth target of six to eight percent. Growth would only accelerate...
The Philippines and Canada have officially assumed co-chairmanship of the Organization for Economic Cooperation and Development’s (OECD) Southeast Asia Regional Program (SEARP), succeeding Vietnam and Australia during the OECD ministerial council meeting held in Paris, France. In a statement on...
The Philippine Economic Zone Authority (PEZA) has officially approved the country’s largest economic zone (ecozone) to date, which will rise within Iwahig Prison and Penal Farm in Puerto Princesa City, Palawan. In a statement, PEZA said its board of directors gave the greenlight to the Palawan...
Year-to-date investments approved by the Philippine Economic Zone Authority (PEZA) continue to trend upward compared to the previous year, but uncertainties stemming from the United States ' (US) tariff policy are dampening foreign investor interest. In a statement, PEZA said it has approved...
Economic advocacy group Action for Economic Reforms (AER) backs the Department of Finance’s (DOF) stance to retain Philippine Health Insurance Corp.’s (Philhealth) five-percent premium rate, warning that any reduction would have catastrophic consequences for the country’s health financing...
The Philippines’ first free trade agreement (FTA) with a Middle Eastern country is expected to be signed next month with the United Arab Emirates (UAE), which will likely set the stage for more substantial investments from sovereign wealth funds. In a business forum hosted by the Dubai Chamber of...
The Philippine Economic Zone Authority (PEZA) is looking to obtain the global eco-industrial park (EIP) certification, signaling the agency’s intention to position the country as an attractive investment destination for green companies. In a social media post, PEZA Director General Tereso Panga...
Bangko Sentral ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja was officially sworn in on Tuesday, May 20, as the new Deputy Governor for the Monetary and Economic Sector, succeeding Francis Dakila following his recent retirement. BSP Governor Eli M. Remolona Jr. administered the oath...
The Philippines remains firm in promoting a rules-based multilateral trading system amid recent upheavals in global trade, such as the United States’ (US) new tariff policy, according to Department of Trade and Industry (DTI) Secretary Cristina Roque. Roque served as the country’s delegate at...
The Department of Trade and Industry (DTI) is looking to partner with American technology giant Google to pursue investments aimed at enhancing the country’s digital infrastructure and capabilities. Trade Secretary Cristina Roque met with top officials of Google last week on the sidelines of the...
Trade chiefs of the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) issued a joint statement calling for strategic reforms in international trade as the region grapples with uncertainties driven by two of its members: China and the United States (US). In a statement issued after...
