Economy
South Korean firm to build Clark luxury project
South Korea’s Luxia Corp. is set to invest P4.4 billion in a high-end mixed-use development featuring a hotel and serviced apartments in Clark Freeport.
Philippines pushes deeper economic ties with Japan
The Philippines is seeking to strengthen and future-proof its long-standing economic partnership with Japan, a relationship seen as critical to regional stability and growth, according to Cezar Consing, president and CEO of Ayala Corp.
MBC urges jobs protection as crisis looms
The formation of a government crisis management committee is “a good start,” but faster, more targeted interventions are needed as economic pressures mount, according to Ed Chua, chairman of the influential group Makati Business Club.
Tong Hsing expansion boosts Philippine electronics role
The planned expansion of Tong Hsing Electronics Phils., Inc. in Laguna is set to strengthen the Philippines’ position in the global electronics value chain, according to the Philippine Economic Zone Authority (PEZA).
Economic Planning chief warns oil shock may worsen poverty, slow growth
Economic Planning Secretary Arsenio Balisacan cautioned lawmakers that a prolonged Middle East conflict could trigger a severe economic shock in the Philippines, with surging oil prices threatening to reverse gains in poverty reduction.
