Construction activity lost momentum in May as fewer projects secured permits, signaling a softer pipeline for the property and infrastructure sector despite resilient spending on residential developments.
Foreign business groups are calling on President Ferdinand R. Marcos Jr. to keep economic competitiveness at the heart of his legislative agenda, arguing that the country's next wave of reforms will determine whether it can attract higher-value investments and secure a stronger foothold in regional supply chains.
The Philippine government is strengthening its foreign direct investment (FDI) reporting system by linking key government databases, a move aimed at giving policymakers a clearer picture of investment flows while boosting transparency and investor confidence.
Philippine employers may be managing one of Asia-Pacific's happiest workforces, but younger employees are sending a clear message that salary alone is no longer enough.