Economy

The administration of President Ferdinand R. Marcos Jr. says the Philippines remains on track to achieve upper middle-income status and further cut poverty rates within the President’s term, even as global uncertainties weigh on growth prospects.

The Dubai International Chamber has officially opened its first representative office in Manila, signaling a stronger push to deepen trade and investment ties between Dubai and the Philippines.

Investment activity at the Aurora Pacific Economic Zone and Freeport Authority (APECO) is expected to gain momentum following a new order from the Bureau of Customs formally recognizing the ecozone as both an importing and exporting freeport, as well as an accrediting agency for the Customs Client Profile Registration System (CPRS).

The Clark International Airport Corp. (CIAC) has remitted a record P585.7 million in dividends to the National Treasury, up 88 percent from the P310.9 million it turned over a year earlier, underscoring stronger earnings and improved operational efficiency in 2025.

Exporters in the Philippines are warning of looming business closures as surging fuel costs and persistent supply chain disruptions strain operations, with many firms saying they may last only a few months without urgent government support.