A planned investment by the US Medical Glove Co. (USMGC) in the Philippines could create more than 2,000 jobs, President Ferdinand R. Marcos Jr. announced after meeting company executives in New York City on Monday.
President Ferdinand Marcos Jr. kicked off a working visit to New York this week, rallying support for the Philippines’ bid for a non-permanent seat on the United Nations Security Council while pushing Manila’s broader diplomatic and economic priorities.
President Ferdinand Marcos Jr. on Tuesday highlighted South Korea’s unwavering support for Philippine infrastructure, welcoming President Lee Jae-myung to Malacañan Palace in a landmark state visit marking 77 years of diplomatic ties.
When President Ferdinand Marcos Jr. accepted a gleaming stack of gloves, belts, and battle-worn treasures from Manny Pacquiao on Tuesday, February 24, Malacañang didn’t just receive memorabilia. It absorbed a left hook of history.
As the Philippines prepares to chair the Association of Southeast Asian Nations in 2026, President Ferdinand Marcos Jr. is calling for deeper regional economic integration to restore the bloc’s role as a global growth engine.
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.
Samsung Electro-Mechanics Philippines Corp.’s (SEMPHIL) P50.7-billion expansion is starting to draw interest from its Korean supply chain, with about 30 Tier 1 suppliers of parent Samsung Electro-Mechanics Co. Ltd. (SEMCO) expected to come to the Philippines in October to assess potential local investments.
ACMobility has launched a nationwide electric vehicle safety education program covering EV technology, charging, ownership, and vehicle safety as electric vehicles become more common in the Philippine market.