AirAsia Philippines will launch a new direct route between Cebu and Bangkok as part of efforts to strengthen its Cebu hub and expand international connectivity in Central Visayas.
For all its growth potential, the Philippines still faces two stubborn barriers to attracting more foreign investment: expensive electricity and weak infrastructure. Fixing both could unlock the country’s next phase of economic expansion.
First Gen Corporation on Wednesday began construction of its first utility-scale solar facility, the 54-megawatt Inara Solar Power Plant, in Barangay Bilog-bilog, Tanauan City, Batangas Province.
The Securities and Exchange Commission (SEC) has relaxed the rules for publicly listed firms and other companies with registered securities that want to hold their annual stockholders’ meetings (ASMs) earlier than the date stated in their bylaws.
Rockwell Land Corp., the listed property development arm of the Lopez Group, has reached a major construction milestone in Central Luzon, topping off the structure of Power Plant Mall Angeles as it pushes ahead with the expansion of its signature lifestyle brand beyond Metro Manila.
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.