Economy
ILO says Middle East turmoil threatens OFWs, Philippine economy
The escalating crisis in the Middle East is beginning to weigh on global labor markets, with the International Labour Organization (ILO) warning that the Philippines faces growing economic risks due to its heavy dependence on overseas employment and remittance inflows.
DLSU economists warn of sharper Philippine slowdown
Researchers from De La Salle University have sharply downgraded their outlook for the Philippine economy, warning that rising energy costs, geopolitical tensions, and weak investment activity could drag growth to just 3.11 percent in 2026.
US backs Clark Zone for secure supply chains
US Under Secretary for Economic Affairs Jacob Helberg underscored the growing global push for secure and reliable supply chains during a May 18 visit to the site of the Philippines’ planned Economic Security Zone in New Clark City.
DOJ cracks down on procurement bid-rigging schemes
The Department of Justice–Office for Competition (DOJ-OFC) intensified its push for transparency and accountability in government procurement, convening a two-day online workshop to help government personnel and procurement practitioners detect bid rigging and other anti-competitive practices.
Philippine, US forge multi-billion AI hub deal
The Philippines and the US are moving full steam ahead on the proposed Pax Silica industrial hub in New Clark City, aiming to secure billions in long-term AI and tech investments that transcend political cycles.
