Economy
PEZA: Luzon corridor offers ready industrial base
The Luzon Economic Corridor (LEC) can give investors a head start by plugging them into 218 established economic zones and 1,777 locator companies already operating along the Subic-Clark-Manila-Batangas corridor, according to the Philippine Economic Zone Authority (PEZA).
NDC names Robert James Samson as new GM
The National Development Co. (NDC) has appointed Robert James M. Samson as its new general manager, as the state-owned investment firm seeks to maximize its assets and expand its role in strategic industries.
PH steps up forced labor safeguards for exports
The Philippines is tightening its fight against forced labor as tougher labor standards in major markets increasingly turn worker protection into a trade and export competitiveness issue.
Indian firms eye $66.8M PH investments, 7,500 jobs
Indian technology and manufacturing companies are lining up as much as USD66.8 million in investments in the Philippines that could generate up to 7,500 jobs, strengthening economic ties between Manila and New Delhi while spreading new projects beyond Metro Manila.
Robust fundamentals fuel optimism for PH finance
The Philippine financial system remains solid even amid difficult global conditions, the Financial Stability Coordination Council (FSCC) confirmed during its 46th Executive Committee meeting held at the Bangko Sentral ng Pilipinas (BSP) headquarters in Manila. FSCC Chairman and BSP Governor Eli M. Remolona, Jr. noted that global risks are still high, driven by geopolitical tensions in the Middle East and unstable financial markets, but emphasized the system is well-placed to absorb any shocks.
