Economy

Senate President Sherwin Gatchalian is pushing a package of economic reforms aimed at reviving investment, creating jobs, cutting power costs, and easing regulatory bottlenecks, including the creation of a Senate panel to coordinate the measures.

Arangkada Philippines is pressing the government to clarify tax rules on cross-border services, warning that uncertainty in implementation could complicate business decisions and undermine the Philippines’ pitch as an investment destination.

Singapore-based Sembcorp Industries is exploring a potential industrial park investment in Clark as the Philippines seeks to strengthen its position as a regional hub for export manufacturing and supply-chain operations.

The Bases Conversion and Development Authority (BCDA) said the proposed advanced manufacturing park in New Clark City under the Pax Silica initiative will operate within Philippine law and be developed as a purely commercial project, with no defense-related activities.

Clark Freeport is emerging as a key anchor of the Luzon Economic Corridor, leveraging its connectivity, established business ecosystem, and logistics infrastructure to attract investments and strengthen supply chains across Luzon.