The Economy and Development (ED) Council, which operates under the Department of Economy, Planning and Development (DEPDev) has given the green light to amendments covering the North-South Commuter Railway (NSCR) Operations and Maintenance (O&M) deal and the Mactan-Cebu International Airport (MCIA) public-private partnership (PPP) project, alongside adjustments to three major development programs and a review of class suspension rules.
The Philippines is capturing only a fraction of the value of its creative economy despite the sector already accounting for about 7.6 percent of gross domestic product, according to Isla Lipana & Co./PwC Philippines.
Manila Electric Co. (Meralco) is pushing for electricity distribution to be treated as strategic national infrastructure as rooftop solar, battery storage, and electric vehicles reshape how power is produced, delivered, and consumed.
The Philippines will launch five regional initiatives to expand financing, market access, mentorship, and digital support for micro, small, and medium enterprises (MSMEs) as it hosts the ASEAN MSME Summit on Sept. 21 in Pasay City.
The proposed separation of PAGCOR’s regulatory and casino-operating functions is nearing a key government decision, with Chairman and chief executive officer Alejandro H. Tengco pushing for the state gaming agency to focus solely on regulation.
The Development Budget Coordination Committee (DBCC) is finalizing its recommendation on possible fuel excise tax relief as elevated global oil prices continue to push up domestic pump prices, Malacañang said Thursday.
Ayala Land Inc.’s 290-hectare Cresendo estate in Tarlac is moving closer to becoming a full-scale industrial and urban center, with most industrial lots leased and major road, school, and commercial projects advancing alongside factory development.