The Anti-Red Tape Authority (ARTA) and the Department of Budget and Management (DBM) are moving to streamline government payment processes, aiming to ease long-standing cash flow problems that have delayed infrastructure projects and strained contractors doing business with the state.
The Philippines’ rise to 47th out of 70 economies in the 2026 IMD World Competitiveness Yearbook marks a notable step forward, but sustaining the momentum will depend on deeper structural reforms, stronger institutions, and accelerated digitalization of government services, according to the Anti-Red Tape Authority (ARTA).
The Anti-Red Tape Authority (ARTA) has extended to the Government Service Insurance System (GSIS) the Silver Award representing the highest rating of 92.8 percent or “Very Satisfactory”, among 50 government agencies in the agency’s Report Card Survey (RCS) 2.0.
ASEAN leaders agreed to draw more investment into critical mineral processing and manufacturing while tightening regional cooperation on exports of sensitive goods, as the bloc seeks to capture more industrial value and protect strategic supply chains.
Andok’s Litson Corp. has partnered with Rockport Power to secure power supply for 16 of its stores, using the Retail Aggregation Program (RAP) to bring down electricity expenses amid rising operational costs.
The Department of Energy (DOE) and the Economic Research Institute for ASEAN and East Asia (ERIA) have formalized a partnership to advance the country’s energy transition through research, technical cooperation, and policy support for a secure, reliable, and affordable energy system.
Maynilad Water Services Inc. has sealed two agreements with the Metropolitan Waterworks and Sewerage System (MWSS) and the National Irrigation Administration (NIA) to turn NIA’s excess water resources into public drinking‑water supply, strengthening water security across Cavite.