The Philippine Crop Insurance Corp. (PCIC) has earmarked P187 million to provide financial relief to insured farmers who suffered losses from flooding and destruction caused by three typhoons and the intensified southwest monsoon.
The government has secured sufficient funding to sustain President Ferdinand Marcos Jr.’s P20-per-kilo rice program through the end of his term in mid-2028, with most newly allocated funds remaining available for deployment, Agriculture Secretary Francisco P. Tiu Laurel Jr. confirmed.
Philippine exports surged to a record USD54.92 billion in the first seven months of 2026, up 12.9 percent year-on-year, prompting the Department of Trade and Industry (DTI) to widen its push for new markets and overseas buyers for local businesses.
The world could soon look different in classrooms, newsrooms, and digital platforms after the United Nations backed a push to replace the familiar Mercator map with projections that more accurately show the relative size of countries and continents.
The Board of Investments (BOI) is putting key government requirements for investors into a single digital platform, aiming to make it easier to navigate permits, regulations, and procedures and reduce uncertainty in setting up projects in the Philippines.
Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.
The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).
The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.
Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.