Tag: Luzon Economic Corridor

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Clark Water expands capacity as investment demand grows

Clark Water Corp. (CWC) is expanding its wastewater treatment capacity to support the next wave of investments in the Clark Freeport, underscoring the growing importance of modern utility infrastructure as the economic zone positions itself as a key gateway under the Luzon Economic Corridor.

APECO secured P18B deals, eyes strategic role 

The Aurora Pacific Economic Zone and Freeport Authority (APECO) has secured investment pledges worth P18 billion in less than three years, underscoring growing investor interest in the eastern seaboard ecozone as the government pushes to diversify growth centers and strengthen national economic resilience.

US agencies boost Luzon Corridor infrastructure drive 

The US government is stepping up support for the Philippines’ infrastructure ambitions, signaling faster development along the Luzon Economic Corridor (LEC) and enhanced opportunities for American investment.

Philippine-US deal could create 1M jobs

The Philippines and the US are accelerating economic and trade cooperation, with initiatives that could generate up to one million jobs for Filipinos, the Presidential Communications Office (PCO) said.

Canada joins Luzon Economic Corridor partnership  

The Philippines showcased significant progress in legal and regulatory reforms during the Luzon Economic Corridor (LEC) Steering Committee meeting on May 12, highlighting efforts to create a transparent, competitive, and investment-friendly business environment.

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Swiss envoy urges exporters to embed sustainability in business

Filipino exporters face growing pressure to document their environmental and social performance as sustainability standards increasingly shape access to global markets, Swiss Ambassador Edgar Doerig said, urging businesses to adopt stronger reporting and responsible supply-chain practices to remain competitive.

Manila conference to chart inclusive farm modernization across Asia-Pacific

The Department of Agriculture (DA) and the UN Food and Agriculture Organization (FAO) are bringing together governments, agribusinesses, technology providers, and development partners in Manila this month to expand access to affordable farm machinery and services—key to cutting production costs, easing farm labor shortages, and raising incomes for millions across the Asia-Pacific region.

Foreign currency reserves drop to $97.4B

The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.

Motorcycle sales rebound 8.1% in Q3 to 524,860 units

Motorcycle sales among the country’s four major manufacturers rebounded in the third quarter of 2026, rising 8.1 percent year-on-year to 524,860 units as stronger monthly volumes in August and September reversed the previous quarter’s contraction.

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