Tag: Pax Silica

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PH, US target New Clark economic zone 

The Philippines and the US are targeting a groundbreaking within the year for a planned 4,000-acre Economic Security Zone in the industrial district of New Clark City, according to Joshua Bingcang of the Bases Conversion and Development Authority.

Philippines eyes US-led Pax Silica, critical minerals pact with Canada

The Philippines is seeking to join the US-led Pax Silica Initiative while exploring a critical minerals partnership with Canada, as Manila steps up efforts to position itself in emerging supply chains tied to artificial intelligence, semiconductors and advanced manufacturing.

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LGUs to receive record ₱1.19T funding

Local government units (LGUs) across the Philippines are set to receive a record P1.19 trillion in National Tax Allotments (NTA) in 2027, marking a P129.32-billion increase from the previous year and significantly boosting fiscal capacity for provinces, cities, municipalities, and barangays.

PhilWeb secures AI push via Gokongwei deal 

PhilWeb Corp. has secured a P2.02-billion strategic equity investment from businessman Lance Y. Gokongwei, marking a major capital boost that will accelerate its shift toward becoming an artificial intelligence-enabled technology infrastructure provider for the regulated digital entertainment sector.

PEZA push reforms to speed up investments 

Proposed amendments to the Philippine Economic Zone Authority (PEZA) charter seek to significantly expand the agency’s autonomy, giving it broader regulatory control and faster decision-making powers in a bid to sharpen the Philippines’ competitiveness in attracting foreign direct investments.

PH, Germany advance economic ties, EU deal

The Philippines and Germany are moving beyond conventional trade relations toward a more strategic economic partnership centered on resilient supply chains, innovation, and sustainability, according to the Department of Trade and Industry.

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