Economy

A decade after the Philippines won a landmark international legal victory against China, a policy think tank is urging the government to shift its focus from legal triumph to military readiness. it argued that credible deterrence has become the country's next strategic imperative in the West Philippine Sea.

Inflation eased for a second straight month in June, offering consumers and businesses some relief from elevated prices, but a pickup in underlying price pressures could keep the Bangko Sentral ng Pilipinas (BSP) on course for another interest rate increase.

The Philippines and Denmark have signed a new financing cooperation agreement aimed at unlocking investments for infrastructure, renewable energy, climate action and other priority sectors, reinforcing Manila's push to tap global partnerships to Jo support long-term economic growth.

The government is sharpening its industrial policy for the cement sector, extending fiscal incentives to integrated cement projects while encouraging manufacturers to produce more clinker locally to reduce import dependence and strengthen the domestic supply chain.

The Philippine Economic Zone Authority (PEZA) has secured another investment for the country's expanding digital economy, signing a registration agreement with Industry Shared Services Centre Inc. for an P83-million information technology project in Davao City that is expected to generate more than 290 direct jobs.