Economy

The Philippines is pitching itself to Polish investors as an emerging production and technology hub in Southeast Asia, highlighting opportunities in semiconductors, digital services, food processing, renewable energy, shipbuilding, and other industries as companies seek to diversify supply chains.

The Philippine economy faces the mounting risk of falling short of official state growth targets this year, the Makati Business Club warned.

The Department of Finance (DOF) has opened nationwide consultations on the proposed ProGRESS Bill, putting its next tax reform package before businesses, taxpayers, and other stakeholders as the government refines the measure ahead of its legislative push.

The Bureau of Internal Revenue (BIR) is preparing a circular to remove value-added tax (VAT) on allowable system loss charges, a move that could help lower electricity bills for consumers.

Nearly half of Filipino micro, small, and medium enterprises (MSMEs) are facing a talent crunch even as most plan to expand their workforce, prompting Jobstreet by SEEK to widen access to free digital recruitment tools for smaller businesses.