Chinese steel giant Panhua Group is set to launch the first phase of its $1-billion integrated steel manufacturing project in the Philippines next month, marking one of the country’s biggest foreign industrial investments in recent years.
The Philippines and the European Union are closing in on a free trade agreement (FTA), moving in step with the target set by Trade Secretary Cristina Roque to wrap up negotiations by June or July this year.
The Philippine Exporters Confederation, Inc. (PHILEXPORT) is stepping up support for exporters and micro, small, and medium enterprises (MSMEs) by endorsing qualified members for government-backed loan facilities.
Singapore-based Total Advanced Future Technology Pte Ltd (TAFT) is investing more on the Philippines, unveiling a P10-billion expansion in Batangas aimed at making the region a key hub for advanced, climate-resilient building technologies.
The Philippines is aiming to advance discussions on a potential review of its trade agreement with Japan while seeking Tokyo’s backing for Manila’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Trade Secretary Cristina Roque said.