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.
Singapore-based Sembcorp Industries is exploring a potential industrial park investment in Clark as the Philippines seeks to strengthen its position as a regional hub for export manufacturing and supply-chain operations.
The Bases Conversion and Development Authority (BCDA) said the proposed advanced manufacturing park in New Clark City under the Pax Silica initiative will operate within Philippine law and be developed as a purely commercial project, with no defense-related activities.
Filipino craftsmanship is getting a modern platform through UNIQLO’s Re.UNIQLO Studio, which has introduced Special Artisan Patches inspired by indigenous communities across Luzon, Visayas, and Mindanao.
BellaVita, the socialized housing arm of Ayala Land Inc., has started turning over homes to Naga City government employees under a program covering 1,011 units at BellaVita Naga in Barangay Pacol.