DLSU economists warn of sharper Philippine slowdown
Researchers from De La Salle University have sharply downgraded their outlook for the Philippine economy, warning that rising energy costs, geopolitical tensions, and weak investment activity could drag growth to just 3.11 percent in 2026.
FedEx breaks ground on major Clark expansion
Federal Express Corp. (FedEx) has broken ground on the expansion of its Clark gateway facility, doubling down on the Philippines as a key logistics and trans-shipment hub in Asia amid booming cross-border trade and e-commerce demand.
US backs Clark Zone for secure supply chains
US Under Secretary for Economic Affairs Jacob Helberg underscored the growing global push for secure and reliable supply chains during a May 18 visit to the site of the Philippines’ planned Economic Security Zone in New Clark City.
DOJ cracks down on procurement bid-rigging schemes
The Department of Justice–Office for Competition (DOJ-OFC) intensified its push for transparency and accountability in government procurement, convening a two-day online workshop to help government personnel and procurement practitioners detect bid rigging and other anti-competitive practices.
AboitizPower, MOELCI-I sign emergency power deal for Misamis Occidental
Therma South, Inc. (TSI), a subsidiary of Aboitiz Power Corporation, has signed a two-megawatt Emergency Power Supply Agreement (EPSA) with Misamis Occidental I Electric Cooperative, Inc. (MOELCI-I) to help ensure stable electricity supply in Oroquieta City and seven municipalities in the province.
