President Ferdinand Marcos Jr. kicked off a working visit to New York this week, rallying support for the Philippines’ bid for a non-permanent seat on the United Nations Security Council while pushing Manila’s broader diplomatic and economic priorities.
As chair of the Association of Southeast Asian Nations (ASEAN), the Philippines is positioning itself to push for a more competitive and investor-friendly regional business environment, with a new forum aimed at translating policy dialogue into concrete reforms.
A four-day compressed workweek could deliver meaningful savings for Filipino workers, but the policy may also dent earnings in the country’s public transport sector, according to the Philippine Chamber of Commerce and Industry (PCCI).
The Philippines is stepping up engagement with the European Union as negotiations continue toward a long-anticipated free trade agreement, with both sides exploring deeper cooperation in services, investments and professional mobility.
The country’s gross international reserves (GIR) climbed to a record $112.7 billion as of end-February 2026, according to preliminary Bangko Sentral ng Pilipinas data, providing the country with a strong buffer against external economic shocks.