Federal Express Corporation (FedEx) has relocated its Manila gateway and FedEx Worldwide Service Center (WSC) closer to Ninoy Aquino International Airport (NAIA) to improve shipping access and strengthen logistics connectivity for businesses and travelers.
A planned investment by the US Medical Glove Co. (USMGC) in the Philippines could create more than 2,000 jobs, President Ferdinand R. Marcos Jr. announced after meeting company executives in New York City on Monday.
The Bases Conversion and Development Authority (BCDA) has extended the proposal deadline for its P2.5-billion New Clark City ICT project, aiming to woo more private investors into a public-private joint venture.
Port tycoon Enrique Razon Jr. leads the Philippines’ contingent on the Forbes 2026 Billionaires List, ranking 175th globally with an estimated net worth of USD16.5 billion, making him the richest Filipino this year.
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.