The Asian Development Bank will support the Local Water Utilities Administration in carrying out a P1.99 billion development project covering 11 water districts across the country.
The Philippines has bolstered its position in the US' ongoing Section 301 tariff review by adopting stricter rules that prohibit the importation of goods produced through forced labor, a move aimed at strengthening supply chain integrity while protecting domestic manufacturers from unfair competition.
The Department of Agriculture is set to release a refined set of rules governing farmland conversion within the coming weeks, a measure aimed at balancing national development with food security.
The Department of Agriculture is pushing for a policy requiring rice importers to invest in local rice infrastructure before they can bring in foreign shipments, a measure being included in the proposed Rice Industry and Consumer Empowerment Act or RICE Act.
The Philippine automotive industry endured a slower first half of 2026, but a sharp June rebound and accelerating demand for electrified vehicles are providing momentum for a stronger second half.
The Philippine government’s budget deficit widened sharply in July as spending surged to support major programs and infrastructure projects, outpacing a modest increase in revenues.
Philippine manufacturers are pressing the government to cut non-tariff barriers and administrative delays as a weaker peso pushes up the cost of imported raw materials, machinery, and fuel.
McDonald’s Philippines is widening its pool of local chicken suppliers as its restaurant network heads toward 900 stores, giving the domestic poultry industry another potentially sizeable customer.