The Philippines is pressing Southeast Asian economies to keep markets open as geopolitical tensions in the Middle East threaten to rattle global supply chains and push up energy costs.
For all its growth potential, the Philippines still faces two stubborn barriers to attracting more foreign investment: expensive electricity and weak infrastructure. Fixing both could unlock the country’s next phase of economic expansion.
The Philippines’ electronics sector is keeping a steady hand despite simmering Middle East tensions, signaling resilience as export revenues near a record-breaking milestone.
The Philippines is accelerating its free trade strategy, aiming to strengthen competitiveness and unlock new markets for local industries, Trade Secretary Cristina Roque announced at the ASEAN Business Environment Forum in Taguig City.
A planned investment by the US Medical Glove Co. (USMGC) in the Philippines could create more than 2,000 jobs, President Ferdinand R. Marcos Jr. announced after meeting company executives in New York City on Monday.