Economy

The Philippines and Denmark have signed a new financing cooperation agreement aimed at unlocking investments for infrastructure, renewable energy, climate action and other priority sectors, reinforcing Manila's push to tap global partnerships to Jo support long-term economic growth.

The government is sharpening its industrial policy for the cement sector, extending fiscal incentives to integrated cement projects while encouraging manufacturers to produce more clinker locally to reduce import dependence and strengthen the domestic supply chain.

The Philippine Economic Zone Authority (PEZA) has secured another investment for the country's expanding digital economy, signing a registration agreement with Industry Shared Services Centre Inc. for an P83-million information technology project in Davao City that is expected to generate more than 290 direct jobs.

The Philippines has made measurable gains toward achieving the United Nations' Sustainable Development Goals (SDGs). But the country remains off pace on most targets, highlighting the challenge of translating progress into meaningful outcomes before the 2030 deadline.

President Ferdinand Marcos Jr. returned from Canada with USD2.5 billion in investment commitments, betting that the Philippines' next wave of growth will come not only from traditional sectors but also from artificial intelligence, critical minerals, nuclear energy and even space.