Tag: Philippines

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US State Department flags red tape, corruption in Philippines 

Pervasive corruption—both in government offices and private boardrooms—along with slow and opaque bureaucracy, high logistics costs, and congested infrastructure continue to undermine the Philippines’ ability to attract foreign investment and sustain economic growth, according to the latest assessment from the US State Department.

Strong demand, mild inflation to sustain Philippine economy—ADB

The Asian Development Bank (ADB) projects solid growth for the Philippines through next year, with its ability to navigate rough global waters underscored in the slight downward revision of its 2026 outlook.

ADB OKs US$400M loan for Philippine food program

The Asian Development Bank (ADB) has approved a USD400 million loan to help the Philippines combat hunger, food insecurity, and undernutrition—particularly among the country’s poorest households—as climate and disaster risks continue to escalate.

Philippines blanks China, 14-0, in World Games floorball match

The Philippine men’s floorball team didn’t just salvage seventh place—they lit up Chengdu like a Roman candle, bulldozing host China in a 14-0 beatdown...

Philippine GDP remains one of Asia’s fastest growing in 2Q; growth 5.5%

The Philippine economy expanded by 5.5 percent year-on-year in the second quarter of 2025, the Philippine Statistics Authority reported, reflecting sustained domestic activity across sectors.

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PH seeks fertilizer supply deal with ASEAN, studies local plant amid price surge

The Department of Agriculture (DA) said it is taking steps to secure a stable fertilizer supply as prices continue to rise.

AG&P eyes Albay ecozone in expansion push

The Philippine Economic Zone Authority is stepping up efforts to draw manufacturing investments in traditional hubs, pitching a proposed ecozone in Albay as a potential expansion site for Atlantic, Gulf & Pacific Co.

Aboitiz unit buys aquaculture R&D facility in Singapore

Aboitiz Foods unit Gold Coin Management Holdings Pte. Ltd., has acquired an aquaculture research and development facility in Singapore from Adisseo Asia Pacific Pte. Ltd..

PXP unit secures DOE approval for SC 91

PXP Energy Corp. said its indirect subsidiary has secured the formal effectivity of a new petroleum contract covering a prospective offshore block in Palawan, marking a step forward in its upstream portfolio.

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