Economy

The Philippines and Japan are marking 70 years of diplomatic relations with a renewed drive to expand economic, technological, and strategic cooperation, Finance Secretary Frederick Go said, highlighting the durability of one of Manila’s most trusted alliances.

Authorities have confiscated up to P1.4 billion worth of illicit vaporized nicotine products in a warehouse raid in Navotas City, marking one of the largest recent enforcement actions against the country’s underground vape trade.

The Philippine Economic Zone Authority (PEZA) remains upbeat on attracting investments despite mounting global uncertainties, positioning the Philippines as a stable hub for firms targeting both Western and fast-growing Asian markets.

The Philippines is approaching an economic inflection point and without a stronger wave of investment, it risks falling short of its full potential.

Venture capital firm Foxmont Capital Partners is ramping up its bet on the Philippines, planning to deploy up to P4 billion in new investments over the next few years as it doubles down on the country’s growing startup ecosystem.