More than 1.1 million minimum wage earners in Metro Manila will receive a record P85 daily wage increase in two tranches starting July 19, giving workers an immediate pay boost while allowing employers more time to adjust to higher labor costs.
President Ferdinand R. Marcos Jr. signaled a renewed push to deepen economic and commercial ties with the United States as he welcomed newly appointed US Ambassador Lee Lipton to Malacañang on Tuesday, underscoring that the alliance between the two countries extends well beyond security cooperation.
The private sector is pushing for clearer merger exemption rules for public-private partnership (PPP) projects, arguing that greater regulatory certainty would accelerate infrastructure investments without compromising market competition.
The Marcos administration will keep anti-inflation measures in place despite easing price pressures, signaling that it sees the battle against rising living costs as far from over amid persistent risks from volatile global oil markets.
The Philippine Economic Zone Authority (PEZA) has achieved nearly half of its P300-billion investment approval target for 2026 after first-half commitments almost doubled, signaling sustained investor confidence as global manufacturers continue shifting supply chains toward Southeast Asia.