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.
The Philippines is pushing to wrap up trade negotiations with Canada and Japan by November, building on the substantial conclusion of its free trade agreement (FTA) talks with the European Union as Manila moves to widen market access amid global trade uncertainty.
ASEAN economic ministers have put 19 Philippine-led priorities on track for completion this year, advancing a regional digital trade pact, a semiconductor roadmap and new trade and investment initiatives ahead of the bloc’s November summit.
The Lind Hotels will launch The Lind Coron in 2027, expanding the Filipino hospitality brand into Palawan and coming back to the place where its story first started.
Philippine commercial vehicle sales are expected to grow by at least 10 percent this year, but the shift to electric trucks and buses is likely to remain gradual as fleet operators grapple with charging, range and infrastructure constraints.