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.
JTI Philippines has appointed Alan Jackson as general manager, tapping his international leadership experience as the tobacco company seeks to expand its portfolio, strengthen operations and address illicit trade in the local market.
Puerto Princesa City is positioning itself for sustained economic growth through major tourism, hospitality and property developments, as investors explore opportunities in Palawan’s expanding visitor economy.
Manulife Investments Philippines has broadened its investment offerings beyond real estate investment trusts (REITs), introducing a multi-asset fund that gives Filipino investors exposure to global infrastructure, natural resources and inflation-linked securities.
Prime Energy’s Malampaya Onshore Gas Plant (OGP) in Batangas has marked 25 years without a recordable safety incident involving harm to people or a significant process safety incident, underscoring the importance of operational discipline as the Philippines moves to expand indigenous natural gas production.