The Philippines is seeking to fast-track a bilateral free trade agreement with Canada, aiming to clinch a deal even as broader negotiations between Canada and the Association of Southeast Asian Nations move forward. Officials say an early deal could position the country as a strategic bridge linking North American supply chains with Southeast Asia’s expanding trade network.
International Container Terminal Services Inc. (ICTSI) on Friday said construction of the US$800-million South Luzon Container Terminal (SLCT) in Batangas is underway, with the first phase expected to be completed by 2028.
The Philippine government is preparing an executive order that would cut mining permit processing time by at least half, a move aimed at improving the country’s competitiveness and attracting fresh investment into its mineral sector.
Capital discipline and strategic investments drove Ayala Corp.’s performance last year, with the listed conglomerate spending P92.9 billion on expansions across residential, leasing, hospitality, and estate development. The outlay underscores the group’s confidence in long-term growth even amid market volatility.
Fiber internet provider Converge Information and Communications Technology Solutions, Inc. on Friday reported strong financial results for 2025, with consolidated revenues reaching ₱44.8 billion, up 10.2 percent from the previous year.
Economic ministers of the Association of Southeast Asian Nations on Friday called for urgent de-escalation of tensions in the Middle East, warning that prolonged conflict could ripple across global energy markets and threaten Southeast Asia’s fragile economic recovery.
Cebu Pacific, the budget carrier unit of the Gokongwei Group, is bracing for potential turbulence from rising global fuel prices, even as the Philippines’ largest budget airline continues to post steady passenger growth early this year.
The World Bank has approved an USD800-million financing package for the Philippines aimed at strengthening fiscal resilience, improving the business climate and equipping Filipino workers with skills needed for higher-quality jobs.
Ride-hailing giant Grab and motorcycle taxi platform MOVE IT have rolled out an emergency support program for drivers as surging fuel prices threaten the earnings of thousands of transport workers across the Philippines.