Context.ph

President Ferdinand R. Marcos Jr. has expanded the West Cebu Industrial Park–Special Economic Zone (WCIP-SEZ) by 64.7 hectares, a move expected to strengthen Cebu's position as a major industrial hub and support thousands of new jobs in the Visayas.

Transport Secretary Giovanni Lopez has ordered the Civil Aviation Authority of the Philippines (CAAP) to lift its suspension of operations at General Santos Airport — but only for military, government, and humanitarian flights.

The Department of Information and Communications Technology (DICT) aims to draw $30 billion in investments over seven years through its Philippines AI+ Infrastructure Masterplan (PAIIM 2033). Secretary Henry Rhoel Aguda said approval from the Economic Development Committee is targeted by July, with final institutionalization via an Executive Order afterward.

NEXTASIA Land, Inc. has tapped the debt capital market for the first time, raising P300 million through an unsecured corporate note facility to fund residential projects and strategic land acquisitions in Southern Luzon.

Strong gains from China and North America helped propel international visitor arrivals to the Philippines in the first five months of 2026, offsetting a decline from South Korea and keeping the country's tourism recovery on track.