The Philippines’ rise to 47th out of 70 economies in the 2026 IMD World Competitiveness Yearbook marks a notable step forward, but sustaining the momentum will depend on deeper structural reforms, stronger institutions, and accelerated digitalization of government services, according to the Anti-Red Tape Authority (ARTA).
Ayala Land Offices (ALO) has secured global digital healthcare provider Eucalyptus for its Click Space flexible workspace platform, underscoring the Philippines’ growing appeal as a destination for high-value, technology-driven outsourcing and knowledge-based services.
Companies and foundations linked to tycoon Enrique K. Razon Jr. have launched a coordinated humanitarian response following the magnitude 7.8 earthquake that struck southern Mindanao on June 8, mobilizing logistics, utilities, and community resources to support relief operations in General Santos City and Sarangani.
The Aboitiz Group expects to soon close its P13.7-billion infrastructure deal with Global Infrastructure Partners (GIP), a unit of BlackRock, as the group moves to bring a major global investor into its infrastructure business.
The Marcos administration is seeking P197.3 billion for rail projects in 2027, with nearly all of the proposed spending concentrated on two major lines aimed at easing congestion and improving access to jobs and economic centers.
Manulife Philippines launched Wealth Guarantee Plus, a limited-time single-payment life insurance plan delivering steady payouts, full premium return, and protection. It offers annual cash benefits up to 5% for seven years—higher than prior versions—plus 125% premium life coverage, with principal fully returned at term end.