Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
Stalling public investments, compounded by vulnerability to the escalating impacts of the ongoing global energy shock, prompted global debt watcher Fitch Ratings to downgrade its outlook on the Philippines’ investment-grade status from ‘stable’ to ‘negative.’ This shift in outlook places...
Successive and increasingly large monthly balance of payments (BOP) deficits pushed the end-March deficit to a total of $5.29 billion—its widest year-to-date gap on record. This three-month total is already approaching the $5.66-billion full-year deficit recorded last year, according to the...
The United States (US) and the Philippines are planning to establish a 4,000-acre, or a nearly 1,619-hectare (ha), industrial hub in Luzon aimed at strengthening supply chains for critical inputs, according to the US Department of State. In an April 16 fact sheet, the US State Department said the...
Four companies under the SM Group were recognized for corporate excellence and governance in the FinanceAsia Asia’s Best Companies 2026 poll. SM Investments Corp., the holding company for the Sy family’s business empire, secured the Gold award for Best Large Cap Company and was named Most...
The Maharlika Investment Corp. (MIC) is shifting its strategy for the Philippines’ planned strategic petroleum reserve, opting to finance storage infrastructure rather than purchasing fuel to avoid exposure to volatile global commodity prices. Rafael D. Consing Jr., MIC president and chief...
The Philippine Economic Zone Authority (PEZA) signaled plans to lower this year’s ₱300-billion target for investment pledges amid a 22-percent drop in approvals in the first quarter, as the ongoing war in the Middle East dampens investment plans. In a statement on Saturday, April 11, PEZA said...
The digital healthcare arm of Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC), mWell, has been generating interest among potential local and foreign investors both on its own and in tandem with Metro Pacific Health Corp. (MPH), the country’s largest private hospital group. “A...
The Board of Investments (BOI) endorsed a total of ₱6.43 trillion worth of projects under the green lane program by the end of the first quarter of 2026, expediting the processing of permits for more than 240 projects, largely in the renewable energy (RE) sector. In a statement on Tuesday, April...
The Department of Trade and Industry (DTI) is prepared to adjust and potentially lower its investment and export targets for the year as the ongoing war in the Middle East casts a shadow over global trade and the country’s investment appeal. Trade Secretary Cristina Roque told reporters that the...
SM Investments Corp. (SMIC), the holding company for the Philippines’ largest retail, real estate, and banking empire, is intensifying its digital communication strategy as it seeks to deepen transparency across its integrated business ecosystem. The company’s online platform, SM In Focus, has...
Philippine Geothermal Production Co. (PGPC), the renewable energy arm of SM Investments Corp., is accelerating development of its domestic steam fields to buffer the Philippines from volatile global energy prices as conflict in the Middle East threatens fuel supply chains. In a briefing on Tuesday,...
