Economy
BCDA says Pax Silica Clark hub will follow Philippine laws
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 emerges as anchor of Luzon Economic Corridor
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.
ASEAN urged to tighten tobacco export controls
The Association of Southeast Asian Nations (ASEAN) should tighten export controls and harmonize requirements for tobacco products to curb illicit trade that is costing governments billions in lost revenues, JTI Philippines (JTIP) said.
Aboitiz exec backs Pax Silica industrialization push
Aboitiz Economic Estates president and CEO Rafael Fernandez de Mesa sees the government’s Pax Silica initiative as a potential catalyst for Philippine industrialization, particularly as the country seeks to attract higher-value industries and move up the global supply chain.
BSP sees elevated inflation shaping 2027 budget
The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.
