Tag: Philippines

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Philippine exports to normalize as US tariff winds ease

Philippine exports to the US—supercharged for months by aggressive front-loading—are expected to return to more typical levels soon as tariff pressures ease and the trade environment settles, according to Export Marketing Bureau Director Bianca Sykimte.

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...

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EcoSolar’s 22.5MW Capiz battery storage facility starts testing, to boost Visayas power supply

Yuchengco-led EcoSolar Energy Corp. (ESEC) announced that its 22.5 megawatt / 45 megawatt-hour Panitan Energy Storage Project in Capiz began testing and commissioning as a generation facility last week.

GSIS sets aside ₱2.75-B emergency loans for 109K members, pensioners in calamity zones

The Government Service Insurance System (GSIS) has allocated ₱2.75 billion in emergency lending to assist over 109,000 active members and old-age and disability pensioners living in areas hit by crop pest infestations, rising dengue infections, and the El Niño dry spell.

Marcos expands LIMA ecozone for new industrial investments

President Ferdinand Marcos Jr. has approved the addition of nearly eight hectares to the LIMA Technology Center in Batangas, expanding industrial space for new factories and existing companies looking to increase capacity.

Apex Mining net income rises 40% to ₱7.61 billion in first nine months

Apex Mining Co. Inc. reported a 40 percent rise in its consolidated net income for the first nine months of 2026, reaching ₱7.61 billion from the ₱5.45 billion posted in the same period last year, the company announced Tuesday.

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