The Philippines’ merchandise trade deficit widened to a record USD31.36 billion in the first semester of 2026, as imports surged nearly 19 percent and...
Economic growth across developing Asia and the Pacific will ease to 5 percent this year from 5.5 percent in 2025, then edge up to 5.1 percent in 2027, the Asian Development Bank (ADB) reported Wednesday. The 2026 forecast is a slight upgrade — 0.1 percentage points higher than the bank’s July outlook.
The Philippines’ breakthrough in free trade negotiations with the European Union could trigger fresh factory investments, technology transfers and export growth, business groups said, but warned that local firms must prepare for tougher competition and demanding EU standards.
The Philippines is pushing to wrap up trade negotiations with Canada and Japan by November, building on the substantial conclusion of its free trade agreement (FTA) talks with the European Union as Manila moves to widen market access amid global trade uncertainty.
ASEAN economic ministers have put 19 Philippine-led priorities on track for completion this year, advancing a regional digital trade pact, a semiconductor roadmap and new trade and investment initiatives ahead of the bloc’s November summit.
Quezon City job seekers now have easier access to industry-relevant skills training, after the city’s Public Employment Service Office (PESO) signed an agreement with global customer experience leader Foundever®. The deal launches the Quezon City Competency Enhancement and Retooling Program, aimed at bridging the gap between community skills and actual workplace needs.
The US has ruled out announcing the proposed Pax Silica Economic Security Zone during or after this month’s ASEAN Leaders’ Summit in Manila, leaving the initiative’s timeline uncertain as Washington and Manila continue discussions on its scope and potential impact.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has signed a cooperation agreement with the Alberta Council and is preparing a separate memorandum of understanding with a Canadian power generation company, as it seeks to convert investor interest into actual projects in Casiguran, Aurora.
City of Dreams Manila has taken first place in the Travel and Leisure category and placed 53rd overall among 300 companies in the Philippines’ Best Employers 2027, a study by the Philippine Daily Inquirer and Statista.