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 SSI Group delivered stronger sales and profitability in the second quarter of 2026 as resilient consumer demand, better margins, and tighter operations gave the specialty retailer a healthy lift.
The net loss of ABS-CBN Corp. more than doubled in the first half of 2026, as lower advertising and weaker group-wide revenue outweighed modest improvements in its core content business.
BYD is strengthening its presence in the Philippines as the country becomes an increasingly important market for electric vehicles and new energy vehicles.
Metro Manila’s hospitality sector is entering a more competitive chapter as a pipeline of new hotel developments begins to reshape the market, testing whether tourism demand can keep pace with rising room supply.