The Philippines is seeking a larger role in US technology supply chains as rising artificial intelligence (AI) demand creates fresh opportunities for the country’s semiconductor and electronics industry, with a weaker peso potentially improving exporters’ price competitiveness.
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.
Filipino consumers are warming to artificial intelligence (AI)-powered customer service faster than their regional and global counterparts, creating opportunities for businesses to improve customer engagement while raising the stakes on transparency, data privacy and personalization.
The Anti-Red Tape Authority (ARTA) is calling for coordinated regulatory reforms across Southeast Asia to reduce business compliance costs, improve government efficiency and make the region more attractive to investors, as ASEAN economies face pressure to strengthen competitiveness and ease cross-border trade.
The Philippine government has secured USD1.5 billion in emergency financing from the Asian Development Bank (ADB) to help cushion households, commuters and businesses against rising fuel prices and economic disruptions stemming from the Middle East conflict.