Economy

The Luzon Economic Corridor (LEC), the Philippines’ flagship trilateral infrastructure initiative with the US and Japan, is gaining momentum with seven new international partners, signaling growing global confidence in the country’s role as an Indo-Pacific investment hub.

Paraguay is seeking to strengthen trade, investment, and diplomatic ties with the Philippines and the broader Southeast Asian region, President Santiago Peña said Monday during the signing of key bilateral agreements.

Foreign direct investments (FDIs) flowing into the Philippines reached a net inflow of US$590 million in February 2026, bringing the total for the first two months of the year to US$1 billion, according to the Bangko Sentral ng Pilipinas (BSP).

The Philippine Economic Zone Authority (PEZA) is optimistic about a surge in Japanese investments in the Philippines following high-level business engagements in Japan from April 27 to May 1.

Investment approvals at the Philippine Economic Zone Authority (PEZA) skyrocketed in April, jumping to P63.9 billion from just P4.6 billion in the same month last year. The surge was driven by 26 newly approved projects, signaling strong investor confidence in the country’s economic zones.