Economy
Agricultural imports rise, narrow trade deficit
The Philippines' agricultural trade deficit narrowed in May as double-digit export growth was magnified by slower import growth.
PH leads emerging markets in investor transparency, credibility rankings
The Philippines has emerged as the top-performing emerging market for investor relations and one of the global leaders in sovereign debt transparency, a distinction the Department of Finance (DOF) said strengthens the country's appeal to foreign investors and could help unlock more investments, jobs and economic growth.
Foxconn, Moog eyed to anchor New Clark tech hub
The government is pinning its high-tech ambitions for New Clark City on two global manufacturers, with Taiwan's Foxconn and US-based Moog Controls emerging as prospective anchor investors that could reshape the country's next industrial growth corridor.
Government expands skills, wage push to boost quality jobs
The Marcos administration is ramping up workforce development efforts, expanding skills training, job matching, and wage initiatives as it seeks to improve employment quality and prepare Filipino workers for the changing demands of the economy.
DOF calms LGU fears over property tax reform
The Department of Finance (DOF) has assured local government units (LGUs) that the Real Property Valuation and Assessment Reform Act (RPVARA) will not automatically increase property taxes, seeking to dispel concerns that the landmark reform could burden taxpayers and undermine local fiscal autonomy.
