The Philippine Economic Zone Authority has a new address, but the bigger story is how the move could sharpen its investment promotion efforts while trimming costs and modernizing public service.
Taiwan has extended USD200,000 (about P12 million) in humanitarian assistance to support relief and recovery efforts for communities devastated by the magnitude 7.8 earthquake that struck Mindanao on June 8, reinforcing its long-standing partnership with the Philippines in disaster response.
The Philippines has earned an economic promotion. The World Bank now classifies it as an upper-middle-income economy, a milestone reached after years of growth and a steady post-pandemic recovery under President Ferdinand Marcos Jr.
Dengue does not stop at national borders, and neither should the fight against it. That was the message as the Philippines joined Southeast Asian health leaders in renewing regional cooperation against one of the region's most stubborn public health threats.
Fresh Canadian mining investments and deeper cooperation on critical minerals and clean energy are set to bolster the Philippines' drive to become a preferred destination for responsible mining while creating jobs and supporting the global energy transition.
The Bangko Sentral ng Pilipinas (BSP) has earned fresh praise from sovereign credit giant Moody’s Ratings, which expects local inflation to steadily settle back within the government's two to four percent target range between 2027 and 2028.
A Quezon City Regional Trial Court has issued an arrest warrant for Vice President Sara Duterte over three counts of grave threats against President Ferdinand Marcos Jr., First Lady Lisa Marcos, and former House Speaker Martin Romualdez, the Department of Justice said Friday. The DOJ said the warrant means the court found probable cause against Duterte. Bail was set at P120,000 for each count. Duterte earlier asked the court to defer or recall the warrant. The case stemmed from public threats the VP issued against the 3. The grave threat is also among the charges in the impeachment complaint versus the Vpz
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.