Philippine auto parts manufacturers are warning that the veto of funding for the Comprehensive Automotive Resurgence Strategy (CARS) could accelerate the decline of the country’s already fragile automotive manufacturing sector.
The Sugar Regulatory Administration (SRA) has issued an order requiring buyers to first purchase locally produced molasses before they are allowed to import supplies.
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.
TE Connectivity Manufacturing Philippines, Inc. is doubling down on the country, committing P4 billion to expand its Batangas operations and signal a long-term bet on the Philippines as a high-tech production and innovation hub.
Dutch financial services giant ING is continuing to advance its €1.1 billion share buyback program while at the same time deepening its commercial engagement in the Philippines, reflecting a balance between returning capital to shareholders and pursuing growth opportunities in key Asian markets.
A delegation of senior Japanese lawmakers from the ruling Liberal Democratic Party visited the Philippines from January 6 to 7 to strengthen bilateral cooperation on security and economic issues.
Artificial intelligence (AI) is here and is already transforming how businesses in the Philippines operate. Across industries such as manufacturing, finance, marketing, and education, AI is enhancing efficiency, enabling smarter decision-making, and unlocking insights from data like never before.