The Philippine information technology and business process management (IT-BPM) industry is recalibrating its growth strategy, shifting its focus from expanding headcount to building an artificial intelligence-ready workforce as it targets more than USD50 billion in annual revenues by 2028.
AirAsia Philippines has secured its place as the world’s fourth most punctual airline, reporting a 92.96 percent on-time performance rate for June 2026 according to data from global aviation analytics firm OAG Aviation.
Smart Communications has made its Smart Home WiFi Postpaid service available in more than 100 stores across the Philippines, bringing 5G-powered home internet to over 1.3 million households in 3,200 barangays.
As policymakers and groups debate proposals to bar children under 16 from social media, Globe has reiterated support for a balanced solution instead of a full ban. Lawmaker Roman Romulo recently noted regulation is more practical than an outright restriction, highlighting parents’ key role. Globe says protecting young Filipinos is a shared duty for families, schools, government and industry, calling for stronger platform safeguards plus digital literacy rather than limits that cut off learning opportunities. AmCham and Amnesty International have also warned a total ban could drive children to unregulated spaces. Globe runs programs to teach safe online habits and continues pushing for measures that keep youth protected while letting them benefit from digital tools.
The Philippines saw its net financial obligations to foreign lenders and investors expand to $65.6 billion as of end-June 2026, equivalent to 13.4 percent of the country’s Gross Domestic Product (GDP). It is a reflection of what the country owns abroad versus what it owes to foreign entities. Preliminary balance sheet figures show this liability expanded from $55.0 billion, or 11.2 percent of GDP, recorded at the end of March 2026.
The Philippine Economic Zone Authority (PEZA) and Aboitiz Economic Estates are expanding an investor-assistance program designed to turn investment commitments into operating projects faster as international interest in the Luzon Economic Corridor grows.
The government is stepping up preparations for the expected impact of Super El Niño, rolling out measures to protect farms, water supplies, power systems and communities from extreme heat and prolonged drought.