Economy
Philippine exports hit record as electronics drive surge
Philippine merchandise exports surged to a record USD8.8 billion in June, the highest monthly level since official records began in 1991, fueled by booming electronics shipments and strengthening global demand for advanced manufacturing products.
MAP backs Pax Silica with safeguards for national interest
The Management Association of the Philippines (MAP) has thrown its support behind the proposed Pax Silica Initiative, calling it one of the country's biggest economic opportunities in decades while urging the government to negotiate from a position of strength and ensure robust safeguards protect national interests.
BIR readies for Marcos tax reforms as bills advance
The Bureau of Internal Revenue (BIR) is gearing up for the Marcos administration's proposed tax reforms, preparing its systems and processes ahead of congressional approval to ensure quicker implementation once the measures become law.
Marcos order unlocks 1.2 million sqm PEZA offices
The administrative order of President Ferdinand R. Marcos Jr. to reopen Metro Manila to new Philippine Economic Zone Authority (PEZA)-registered IT parks and centers is expected to unlock about 1.2 million square meters of future office space, easing a growing shortage of PEZA-accredited facilities in the capital's key business districts.
EU-Philippines partnership boosts trade, investment prospects
The European Chamber of Commerce of the Philippines (ECCP) expects stronger trade and investment flows after the European Union and the Philippines formally elevated their relationship to an Enhanced Partnership, a move that adds momentum to ongoing negotiations for a bilateral free trade agreement.
