Economy

Government-owned and -controlled corporations (GOCCs) have remitted P140 billion in dividends to the National Government so far this year, with 15 state-run firms each contributing at least P1 billion, highlighting their growing role as a major source of non-tax revenues that help fund public services and infrastructure.

President Ferdinand Marcos Jr. said more Filipino workers could receive higher minimum wages in the coming months as regional wage boards move closer to completing reviews that could lead to additional pay increases across the country.

South Korean investments in semiconductors, shipbuilding, rail infrastructure, and energy are poised to accelerate the Luzon Economic Corridor (LEC), strengthening the Philippines' manufacturing base and reinforcing its role in regional supply chains.

The Philippines has emerged as the second most AI-exposed labor market in Southeast Asia, highlighting both the country's growing digital competitiveness and the urgent need to prepare workers for a workplace increasingly shaped by generative artificial intelligence (GenAI).

The US International Development Finance Corporation (DFC) said the Philippines is well positioned to tap its USD205 billion global investment capacity as the agency ramps up efforts to finance commercially viable private-sector projects supporting the country's infrastructure and industrial ambitions.