Economy
Korean investments set to power Luzon Economic Corridor growth
South Korean investments in semiconductors, shipbuilding, rail infrastructure, and energy are poised to accelerate the Luzon Economic Corridor (LEC), strengthening the Philippines' manufacturing base and reinforcing its role in regional supply chains.
Philippines ranks second in ASEAN for AI job exposure
The Philippines has emerged as the second most AI-exposed labor market in Southeast Asia, highlighting both the country's growing digital competitiveness and the urgent need to prepare workers for a workplace increasingly shaped by generative artificial intelligence (GenAI).
US DFC eyes bigger Philippine investments across strategic growth sectors
The US International Development Finance Corporation (DFC) said the Philippines is well positioned to tap its USD205 billion global investment capacity as the agency ramps up efforts to finance commercially viable private-sector projects supporting the country's infrastructure and industrial ambitions.
Clark’s $3.8B chip exports spur push for faster reforms
Semiconductor and electronics exports from Clark climbed to USD3.8 billion in 2025, underscoring the Freeport's growing role in global technology supply chains as the Clark Development Corp. (CDC) moves to address operational bottlenecks that could shape the industry's next phase of expansion.
Jobless rate rise in May, underemployment rate eases
The Philippines' unemployment rate climbed to 4.8 percent in May, the highest in a year, as fewer Filipinos found work despite a modest month-on-month increase in employment, underscoring persistent cracks in the labor market.
