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.
The Bases Conversion and Development Authority (BCDA) is pursuing at least USD50 million in initial investment from a European aircraft maintenance company, alongside a separate US aerospace manufacturing proposal, as it seeks to expand Clark’s role in the aviation industry.
The Department of Agriculture (DA) is tightening checks on project details and rolling out system-wide improvements after discrepancies were found in coordinates submitted for farm-to-market road (FMR) projects.
A P14.8-billion water supply and wastewater project proposed by Maynilad Water Services Inc. and South Korea’s K-Water for New Clark City has cleared a key hurdle after attracting no competing bid, putting the consortium closer to securing the contract.
BPI Foundation, the social development arm of the Bank of the Philippine Islands, is broadening its nationwide push to boost financial literacy and digital learning, reaching thousands of students and teachers in underserved communities.