Economy
PSAC urges shift from disaster response to preventive investment
The Private Sector Advisory Council is urging the government to shift from responding to disasters after they occur to investing ahead of risks, calling for tougher construction standards, major flood-control measures, and faster approval of critical water projects.
Cerberus eyes more PH investments after $500-M Agila turnaround
Cerberus Capital Management is looking to expand its Philippine investments after turning around the former Hanjin shipyard in Subic, where investments by the US firm and its tenants have reached USD500 million and created about 6,000 jobs.
EU, Spain join Luzon Economic Corridor with financing support
The European Union and Spain have joined the Luzon Economic Corridor, expanding its international partnership to 13 countries as the Philippines seeks to bring more financing, investment, and technical expertise into major infrastructure projects.
Marcos urges investors to trust Philippines with long-term capital
President Ferdinand Marcos Jr. urged global companies to commit long-term capital to the Philippines, pitching the country as a base for shifting supply chains as the government expands infrastructure, skills, and regulatory reforms.
DTI resets export target, puts EMB under Roque
The Department of Trade and Industry is recalibrating the Philippines’ export growth target and has placed its Export Marketing Bureau directly under Trade Secretary Cristina Roque as the government seeks to open more markets for local products.
