Economy
Aboitiz opens Tokyo office, courts Japanese manufacturers
Aboitiz Economic Estates (AEE) has planted its flag in central Tokyo, opening a dedicated Japan Office to tighten ties with Japanese manufacturers and smooth the path for those expanding or scaling operations in the Philippines.
HCLTech expanding operations, widening footprint
HCL Technologies Philippines Inc. is gearing up for a bigger footprint, with plans to expand operations over the next two to three years and funnel more global accounts into the country, according to the Board of Investments.
Holiday hiring falters as jobless numbers rise in December
December is usually when cash registers ring nonstop, delivery vans double-park with abandon, and seasonal jobs pop up like Christmas lights. This time, though, the Philippine labor market delivered a quieter jingle. Despite peak holiday demand, joblessness refused to melt away, hinting that even Santa’s factory may have sent a few elves home early.
DTI pitches Philippines as Vietnam investors’ gateway
The Department of Trade and Industry is positioning the Philippines as a springboard for Vietnamese enterprises, urging them to tap investment and franchising opportunities as gateways into the broader Southeast Asian market.
President Marcos centralizes economic power within Malacanang
President Ferdinand R. Marcos Jr. has ordered a significant shake-up of Malacañang’s economic and investment oversight, abolishing the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) and folding its functions into the Office of the Executive Secretary (OES).
