Economy
Philippines maps 3-tier strategy to attract investments
The Philippines is positioning itself as a regional hub for smart, sustainable, and innovation-driven industries under the draft 2025–2028 Strategic Investment Priority Plan (SIPP), which outlines priority investment areas across a three-tier system.
Philippines drops RACE, pivots to EV incentives
The Philippine government has scrapped its long-planned Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, opting instead to fast-track a new incentive framework focused on electric vehicles, a senior investment official said.
Nationwide price freeze on basic goods extended
Manufacturers have agreed to extend the nationwide price freeze on basic necessities and prime commodities (BNPCs) until April 30, following a late Monday meeting with the Department of Trade and Industry (DTI). The move pushes back the original April 15 deadline, providing temporary relief to consumers amid rising costs.
P6.43T green lane projects advance toward implementation
Projects endorsed under the government’s Green Lane Initiative are beginning to transition from approvals to execution, signaling early traction in the Philippines’ efforts to accelerate strategic investments across priority sectors.
Unemployment eases to 5.1% in February
The Philippines’ job market showed tentative improvement in February, with the unemployment rate easing to 5.1 percent from 5.8 percent in January, according to data released Wednesday by the Philippine Statistics Authority.
