The development of the planned artificial intelligence (AI) industrial hub in New Clark City is expected to begin soon, with the project recognized as a top economic priority for the United States (US), according to the country’s investment czar. Finance Secretary Frederick Go said he recently...
The Philippines has topped the global rankings in investor relations and debt transparency among 57 emerging markets, overtaking last year’s leader, Indonesia, according to the Washington-based Institute of International Finance (IIF). In its July 2026 Investor Relations and Debt Transparency...
Cabinet-level interagency Development Budget Coordination Committee (DBCC) has lowered the revenue goal for the Bureau of Internal Revenue (BIR) for this year but raised the target for the Bureau of Customs (BOC), in tandem with the downgraded economic growth outlook. According to data disclosed by...
Eliminating delays in the country’s power-related projects will be the ultimate goal of the proposed $60-million Millennium Challenge Corp. (MCC) threshold program, according to the Department of Finance (DOF), as it will fund the Energy Development Governance Efficiency Project. DOF Secretary...
Dividends collected under President Ferdinand R. Marcos Jr.’s administration have already exceeded half a trillion pesos since mid-2022, 31.2 percent higher than those under the Duterte administration and dwarfing the collections of the two earlier administrations. A government document from...
While the Philippines’ graduation to upper-middle-income-country (UMIC) status is a nod to its economic progress, President Ferdinand R. Marcos Jr.’s chief economic manager said the milestone alone cannot do the heavy lifting needed for the country to achieve an ‘A’-level sovereign credit...
Japanese railway expert Sumitomo Corp. is seeking to expand its investments in the Philippines’ railway infrastructure through a potential collaboration to manage the country’s largest railway project, according to the Department of Finance (DOF). The DOF said in a statement on Tuesday, July 7,...
International Finance Corp. (IFC), the World Bank Group’s (WBG) private-sector arm, is supporting a new initiative to expand lending to micro, small, and medium enterprises (MSMEs) in the Philippines, particularly in underserved areas outside Metro Manila, as part of efforts to improve...
The Philippine government has fully spent the World Bank financing supporting its flagship Pantawid Pamilyang Pilipino Program (4Ps), marking the successful completion of a nearly six-year project that modernized the country’s social protection system while providing cash assistance to millions...
The Asian Development Bank (ADB) has approved an up to $30-million equity investment in a regional infrastructure fund that will bankroll projects, including those in the Philippines, to support energy transition and digital infrastructure in Southeast Asia. Documents showed that the Manila-based...
Investment czar and Department of Finance (DOF) Secretary Frederick D. Go is advancing the development of what is expected to become the Philippines’ and Southeast Asia’s first offshore wind farm, reinforcing the Marcos administration’s push to attract large-scale renewable energy (RE)...
The Asian Development Bank (ADB) has backed the Philippine government’s updated roadmap to overhaul how public funds are planned, spent, and monitored, saying stronger public financial management (PFM) systems are key to improving public services, strengthening resilience, as well as guarding...
