Tag: ASEAN

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ASEAN ministers weigh Middle East shock, tariffs

Economic ministers from the Association of Southeast Asian Nations (ASEAN) are set to confront two mounting external risks—escalating Middle East tensions and new US tariffs—when they gather for upcoming talks expected to probe the region’s exposure to global volatility.

Philippines Drives Practical Reforms For Stronger ASEAN Business

As chair of the Association of Southeast Asian Nations (ASEAN), the Philippines is positioning itself to push for a more competitive and investor-friendly regional business environment, with a new forum aimed at translating policy dialogue into concrete reforms.

Lotte Pepsi targets Philippines as export springboard  

LOTTE Pepsi Cola Products Philippines Inc. is eyeing the Philippines as a potential ASEAN export hub for Korean beverages, signaling a strategic pivot that could expand its manufacturing footprint and deepen bilateral business ties.

Factory ambitions rise as power woes persist 

Japanese manufacturing giant MinebeaMitsumi is increasing its investment in the Philippines even as it wrestles with stubborn infrastructure gaps.

Marcos pushes ASEAN trade unity drive

As the Philippines prepares to chair the Association of Southeast Asian Nations in 2026, President Ferdinand Marcos Jr. is calling for deeper regional economic integration to restore the bloc’s role as a global growth engine.

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Sandiganbayan orders Senator Jinggoy Estrada arrest

The Sandiganbayan, the Philippines’ anti-graft court, on Friday issued arrest warrants for Senator Jinggoy Estrada, former Public Works Secretary Emmanuel Bonoan, and several DPWH engineers over alleged plunder and graft linked to illegal insertions in the 2025 infrastructure budget in exchange for kickbacks totaling P573 million. The orders followed charges filed by the Ombudsman. While graft cases are generally bailable, plunder usually is not unless evidence is weak. Estrada, who plans to post bail, is a sitting senator, who will serve as a judge in Vice President Sara Duterte’s impeachment trial.

Green Lane speeds P360B wind investments forward

The government’s Green Lane initiative is accelerating major renewable energy investments, with the Board of Investments stepping up efforts to fast-track four offshore and onshore wind projects worth a combined P360.67 billion. 

Marcos lands P56B Japanese investments, 10,300 jobs

President Ferdinand R. Marcos Jr. secured P56.3 billion in investment expansion commitments from four major Japanese firms during business meetings on the sidelines of his State Visit to Japan, promising roughly 10,300 direct and indirect jobs for Filipinos.

Megaworld-led share swap deal targets income growth

Megaworld Corp., along with Travellers International Hotel Group, Inc. (TIHGI) and Southwoods Mall, Inc. (SMI), has signed a Memorandum of Understanding (MOU) with listed real estate investment trust MREIT, Inc. to pursue a strategic property-for-share swap. 

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