Economy

President Ferdinand R. Marcos Jr. has ordered a significant shake-up of Malacañang’s economic and investment oversight, abolishing the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) and folding its functions into the Office of the Executive Secretary (OES).

Federal Express is investing USD240 million to expand its hub at the Clark Aviation Complex, while the Bases Conversion and Development Authority is allocating P7 billion for supporting airside infrastructure, underscoring Clark’s growing role as a key logistics gateway in Southeast Asia.

Headline inflation in the Philippines nudged higher to 2.0 percent in January, a gentle but telling start to the year.

Japan and the Philippines have agreed in principle to replace their existing tax treaty, marking the first major update to the agreement in nearly 20 years.

The Philippine Chamber of Commerce and Industry (PCCI) has welcomed the Bureau of Internal Revenue’s (BIR) move to lift the suspension on tax enforcement activities and roll out a modernized audit framework, calling the reforms a major step toward a more transparent, predictable, and fair tax system.