The Philippine Economic Zone Authority (PEZA) is teaming up with Japan-based sustainability solutions provider Zeroboard Inc. to promote decarbonization in its economic zones. In a social media post, PEZA said it has entered into a memorandum of understanding (MOU) with Zeroboard. The agreement...
The Philippine Economic Zone Authority (PEZA) has partnered with CTBC Bank (Philippines) Corp. to promote the Philippines as an attractive investment destination. In a statement, the investment promotion agency (IPA) said PEZA Director General Tereso Panga and CTBC Bank President and Chief...
The United Nations (UN) on Thursday, May 15, forecast slower global economic growth this year and next, pointing to the impact of the surge in United States (US) tariffs and increasing trade tensions. UN economists also cited the volatile geopolitical landscape and threats of rising production...
Economic growth across the Asia-Pacific Economic Cooperation (APEC) region is expected to decelerate sharply in 2025, falling to 2.6 percent from 3.6 percent last year. Intensifying trade tensions and growing policy uncertainty are eroding business confidence and stifling investment in the region,...
The member economies of the Asia-Pacific Economic Cooperation (APEC), including the Philippines, have expressed support for a global measure that provides benchmarks to boost the investment and business climate of its members. In a statement, APEC is calling for the integration of the investment...
Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy’s “robust resilience,” fueled by strong consumer spending and industry contributions. Roque, who heads the government agency...
Despite ongoing trade talks between the two countries, the United States has approved a $3.8-million grant for the Luzon Economic Corridor, which seeks to accelerate coordinated investments in high-impact infrastructure projects. Special Assistant to the President for Investment and Economic...
The Philippine Economic Zone Authority’s (PEZA) approval of investments continued its upward trajectory this year, growing by 112.06 percent by the end of April compared to the same period last year. PEZA, an investment promotion agency (IPA) under the Department of Trade and...
Senior business leaders from across the 21-member Asia-Pacific Economic Cooperation (APEC) bloc voiced growing concern over recent, rapid changes in the global trade and financial landscape during the second APEC Business Advisory Council (ABAC) meeting of the year, held in Toronto, Canada. In a...
In a groundbreaking move, Aboitiz InfraCapital Economic Estates convened key leaders from government, industry, and the academe at its pioneering Industrial Summit 2025, held at the New World Makati Hotel on April 25, 2025. Under the theme, “Masterplanning the Industrial Landscape in the...
DAVAO CITY – Economic growth in the Bangsamoro Autonomous Region in Muslim Mindanao dropped 1.3 percent from four percent in 2023 to 2.7 percent in 2024, the Philippine Statistics Authority (PSA) said. THE KCC Mall under construction in Cotabato City. (Keith Bacongco) PSA-BARMM Regional...
