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.
Nearly one in five mobile broadband tests in Metro Manila failed to meet the National Telecommunications Commission’s (NTC) 50 Mbps minimum speed standard, exposing persistent network gaps despite peak download speeds exceeding 400 Mbps.
Aboitiz Economic Estates has won a sustainability leadership award from the Philippine Green Building Council (PHILGBC), underscoring how green infrastructure, reliable utilities and workforce development are becoming key factors in industrial investment decisions.
Toyota Motor Philippines Corp. (TMP) expects limited disruption to local vehicle supplies and fourth-quarter sales despite flooding in Thailand, a key production and export hub for several Toyota models sold in the Philippines.
The Philippine Chamber of Commerce and Industry (PCCI) is urging the government to implement 10 priority reforms within 12 months to translate major investments into contracts for Filipino suppliers, stronger domestic industries and measurable economic gains.