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.
Maynilad Water Services Inc. has secured a Philippine Green Equity Label after S&P Global assessed all of its 2025 revenue and 96 percent of its investments as aligned with green activities, even as the water concessionaire faces challenges from water losses, fossil-fuel use, and dependence on Angat Dam.
Brazil’s move to ban fixed-odds betting and online gaming has thrown a spanner into the international expansion of DigiPlus Interactive Corp. The Latin American country was supposed to be the beachhead of DigiPlus’ overseas move.
Travellers International Hotel Group Inc. is charging hard into a major hospitality expansion, scaling its portfolio to nearly 3,000 room keys as new developments at Newport World Resorts and the massive Westside project in Entertainment City come online.
Artificial intelligence is pushing local manufacturing to the limit. Electronics manufacturing giant EMS Group is rolling out an aggressive, multi-year capacity expansion to keep pace with skyrocketing demand for artificial intelligence hardware.