The Bureau of Customs (BOC) is ramping up its digital transformation drive, expanding its Super Green Lane program and targeting the full modernization of its Electronic-to-Mobile (E2M) system by 2027 to boost trade efficiency and tighten border security.
US Under Secretary of State for Economic Affairs Jacob Helberg will visit the Philippines next week as Washington ramps up efforts to deepen economic security and technology ties with Manila under the newly launched Pax Silica initiative.
The Philippine Economic Zone Authority (PEZA) and Bases Conversion and Development Authority (BCDA) are tightening coordination to position New Clark City as a more seamless and investor-friendly destination under the expanding Luzon Economic Corridor (LEC).
Foreign investment approvals in the Philippines jumped 52 percent in the first quarter, driven largely by South Korean capital and major projects in entertainment, manufacturing, and tourism-related industries, according to the Philippine Statistics Authority.
Foreign food and beverage (F&B) investors remain interested in expanding operations in the Philippines despite political uncertainties and global supply concerns, according to Food Industry Asia (FIA).