The World Trade Organization (WTO) has thrown its support behind the Philippines' economic reform agenda, with Director-General Ngozi Okonjo-Iweala urging the country to sustain policy momentum as rising geopolitical tensions and a fragile global economy continue to test international trade.
President Ferdinand R. Marcos Jr. is heading to Canada next week with an investment-heavy agenda, seeking to translate growing bilateral ties into fresh capital for industries expected to shape the Philippines' next phase of economic growth.
The Philippines is edging closer to upper-middle-income status, with years of trade and investment reforms continuing to pay economic dividends. The World Trade Organization...
Monde M.Y. San Corp. is investing more than P5 billion in a new manufacturing facility inside a Philippine Economic Zone Authority (PEZA) ecozone, reinforcing confidence in the country's manufacturing sector despite a challenging global business environment.
The country's persistent port congestion stems less from empty containers than from thousands of overstaying laden boxes occupying valuable terminal space, according to the Association of International Shipping Lines (AISL), which is urging faster action from the Bureau of Customs (BOC).