The country’s biggest property groups are closing ranks behind a push to delay new valuation rules, raising the pressure on the Marcos administration as developers grapple with higher costs, unsold units and a massive housing backlog.
The Philippines is pushing ASEAN to build a stronger regional steel supply chain as heavy reliance on imports leaves industries and even the military exposed to global disruptions.
The United States is strengthening its foothold in Subic Bay by supporting the expansion of ship-repair capacity at one of the Philippines’ most strategic maritime hubs.
CEBU CITY—Business and local leaders have raised alarm over Cebu’s daily rotational brownouts as the outages are not only disrupting businesses and households but also undermine the province’s reputation as an investment hub.
The Marcos administration is looking to Mindanao as a key driver of the country’s next phase of economic growth, with a push to attract more investments in infrastructure, agriculture, energy, manufacturing and other strategic sectors.
Pax Silica has stirred intense debate in recent weeks, culminating in the House of Representatives’ call for an investigation in aid of legislation into the Philippines’ participation in the US-led initiative.
The Joint Foreign Chambers of the Philippines (JFC) urged President Marcos to prioritize the implementation of existing tax measures and ensure any new fiscal policies do not undermine competitiveness following President Ferdinand Marcos Jr.’s fifth State of the Nation Address.
The planned Pax Silica Industrial Hub aims to make the Philippines a bigger player in artificial intelligence and advanced manufacturing while creating quality jobs, President Ferdinand Marcos Jr. said on Monday.
During his State of the Nation Address on Monday, President Ferdinand Marcos Jr. urged Congress to pass a tax relief package that would exempt workers earning up to P350,000 a year from income tax.