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).
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.
Global information and analytics firm RELX is accelerating its expansion in the Philippines through a hub-and-spoke model anchored on talent development, reinforcing the country’s growing role in its global operations.
The United Kingdom’s move to ease trade rules under its Developing Countries Trading Scheme (DCTS) is set to boost Philippine export competitiveness while strengthening the country’s push to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, according to British Ambassador Sarah Hulton.