The planned Pax Silica industrial hub in New Clark City is targeting its first 10 to 20 locators within five years of construction, with an ambitious goal of generating as much as USD200 billion in exports over a 30-year development period.
The Philippines’ gross international reserves (GIR) remained above the psychologically important USD100-billion mark in July, providing the country a sizable external cushion even as the stockpile edged lower during the month.