DTI courts UAE investors for AI infrastructure
The Department of Trade and Industry (DTI) and the Board of Investments (BOI) are deepening investment talks with United Arab Emirates firms Masdar and DAMAC Digital as the Philippines positions itself to become a regional hub for artificial intelligence and advanced manufacturing under the US-backed Pax Silica initiative.
Peso slide drives Philippine debt to record in March
The Philippines’ outstanding national government debt ballooned to a record P18.49 trillion as of end-March 2026, as a sharp depreciation of the peso against the US dollar significantly increased the local currency value of the country’s foreign obligations.
OceanaGold rides strong metals prices, boosts returns
OceanaGold Philippines posted a strong first-quarter performance as elevated gold prices and steady production lifted cash flow and strengthened its capacity to sustain shareholder returns while expanding exploration activities at the Didipio mine.
Philippine automakers plot decade-long shift to EVs
The Philippines’ top automotive assemblers are aligning behind a phased, decade-long transition to electric mobility, backing the government’s goal of making electric vehicles account for 50 percent of the country’s vehicle fleet by 2040 under the Comprehensive Roadmap for the Electric Vehicle Industry.
Financial sector shows strength, expands lending in H2 2025
The Philippine financial system remained stable in the second half of 2025, continuing to support economic growth, according to the Bangko Sentral ng Pilipinas (BSP).
