The Philippines and Vietnam are aiming to push bilateral trade beyond USD10 billion as the two Southeast Asian economies deepen economic and security ties under a planned Enhanced Strategic Partnership.
The Philippines is moving to deepen cooperation with Israel on critical minerals processing and artificial intelligence (AI), aiming to climb higher in the global technology value chain.
The Philippines and Japan are marking 70 years of diplomatic relations with a renewed drive to expand economic, technological, and strategic cooperation, Finance Secretary Frederick Go said, highlighting the durability of one of Manila’s most trusted alliances.
The Philippines is accelerating its free trade strategy, aiming to strengthen competitiveness and unlock new markets for local industries, Trade Secretary Cristina Roque announced at the ASEAN Business Environment Forum in Taguig City.
The Philippines is stepping up engagement with the European Union as negotiations continue toward a long-anticipated free trade agreement, with both sides exploring deeper cooperation in services, investments and professional mobility.
The Philippines must do more than sign trade deals—it must help smaller businesses turn them into export sales, Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said.
The Department of Agriculture is urging lawmakers to approve its P198.4-billion proposed 2027 budget, noting farmers and fisherfolk now face rising costs, climate risks, and global economic pressures.
The Department of Energy will proceed with its updated bidding rules for brownfield coal resource areas despite opposition from key industry player Semirara Mining and Power Corp. Energy Secretary Sharon Garin affirmed that the revised terms will apply uniformly to all prospective bidders, as the government seeks to prioritize domestic fuel supply over foreign exports.
The Department of Trade and Industry (DTI) said Wednesday that the proposed plant would have an initial annual production capacity of 200,000 units, serving both domestic and export markets. Construction is targeted to begin in the first quarter of 2027, with completion expected within 12 to 18 months.