Economy
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.
Marcos to follow up $5.8B India investment pledges
President Ferdinand Marcos Jr. will seek updates on USD5.8 billion in Indian investment commitments and pursue broader trade and investment opportunities with major emerging economies when he attends the BRICS Summit in New Delhi on Sept. 12-13.
₱5.52-T Green Lane pipeline stuck in pre-development
Green Lane investments worth a total P5.52 trillion remain stuck in pre-development, exposing the gap between faster government approvals and actual project execution, while 10 renewable energy projects worth P137.47 billion have already been dropped after their service contracts were surrendered.
Australian investors with A$1.4 trillion scout Philippine deals
Australian institutional investors overseeing nearly A$1.4 trillion in assets are in the Philippines this week to scout deals in energy, infrastructure, and other strategic sectors, bringing a potentially deep pool of long-term capital to the country.
Philippine jobless rate up as more seek jobs
The Philippine labor market took a sharper turn in July as unemployment climbed to 6.0 percent, even as more Filipinos entered the workforce, pointing to a widening gap between the number of people seeking jobs and available opportunities.
