Economy
DTI pitches Philippines as Vietnam investors’ gateway
The Department of Trade and Industry is positioning the Philippines as a springboard for Vietnamese enterprises, urging them to tap investment and franchising opportunities as gateways into the broader Southeast Asian market.
President Marcos centralizes economic power within Malacanang
President Ferdinand R. Marcos Jr. has ordered a significant shake-up of Malacañang’s economic and investment oversight, abolishing the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) and folding its functions into the Office of the Executive Secretary (OES).
FedEx deepens commitment to Clark logistics hub
Federal Express is investing USD240 million to expand its hub at the Clark Aviation Complex, while the Bases Conversion and Development Authority is allocating P7 billion for supporting airside infrastructure, underscoring Clark’s growing role as a key logistics gateway in Southeast Asia.
Inflation creeps up in January as bills bite back
Headline inflation in the Philippines nudged higher to 2.0 percent in January, a gentle but telling start to the year.
Japan, Philippines agree in principle on new tax treaty
Japan and the Philippines have agreed in principle to replace their existing tax treaty, marking the first major update to the agreement in nearly 20 years.
