The Department of Trade and Industry (DTI), the Department of Finance (DOF), the World Bank, and KfW Development Bank have taken a major step toward launching the SME COMPETE+ Project after formally exchanging a grant facility that will finance the initiative's preparatory phase.
The government has established a new data-sharing framework among key economic agencies to improve the accuracy, completeness and timeliness of the country's foreign direct investment (FDI) statistics, supporting evidence-based policymaking and efforts to strengthen the Philippines' investment climate.
Finance Secretary Frederick Go on Monday introduced Light Rail Transit Line 2’s (LRT-2) cashless fare payment system, with a two-week P1 fare offer aimed at encouraging commuters to try the new platform.
The Sy family-controlled Banco de Oro Unibank Inc. (BDO), the country’s largest bank, has waived fees for InstaPay and PESONet transfers made through its BDO Online and BDO Pay platforms, joining a growing number of Philippine banks removing charges for digital fund transfers.
The government has approved four major public investment projects aimed at improving public transport, expanding access to technical skills, unlocking clean energy investments and strengthening disaster resilience.
The Philippines is stepping up efforts to streamline trade processes and reduce bureaucratic hurdles as the government advances digital reforms aimed at improving the country's competitiveness and ease of doing business.
The Philippines and Japan have agreed to overhaul a decades-old tax treaty, removing a key friction point for businesses as Manila pushes to attract more foreign capital and deepen ties with one of its largest investors.
The Philippine government is exploring partnerships with the Asian Infrastructure Investment Bank (AIIB) in digitalization and energy as part of efforts to improve the country’s business environment and accelerate economic growth.
The Bureau of Customs (BOC) has extended the validity of importer accreditation to three years and reduced associated fees, in a move aimed at streamlining trade processes, cutting compliance costs, and supporting the steady flow of goods into the country.