The country’s gross international reserves (GIR), an indicator of capacity to pay for trade and debt obligations, rose to $99.7 billion as of end-January 2023 from the end-December 2022 level of $96.1 billion.
The Clark Development Corp. (CDC) is driving local supply chain integration within the Clark Freeport Zone, urging manufacturers and exporters to source materials from fellow locators to cut import reliance under the Luzon Economic Corridor (LEC).
Long before budget flights and remote work made moving abroad a breeze, a brave crew of Filipinos packed up, headed to Spain and Andorra, and essentially wrote the manual on surviving Europe.
DHL Express is hiking its shipping rates in the Philippines by an average of 5.9 percent starting January 1, 2027, passing on rising global operational pressures to local businesses engaged in international trade.