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BIMP-EAGA targets USD7,650 GDP per capita by 2035; PH urges PPPs to fast-track 265 infra projects

The BIMP-EAGA (Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area) has identified 265 infrastructure projects worth USD174.6 billion for implementation through public-private partnerships (PPPs), as leaders...

PEZA’s April project approvals soar over 1,296% to PHP109.428 B

Project registration with the Philippine Economic Zone Authority (PEZA) soared 1,296 percent in April to PHP63.903 billion from only PHP4.575 billion in the same...

BIMP-EAGA leaders commit to Vision 2035 at special summit in Cebu

Leaders of the BIMP-EAGA (Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area), a sub regional grouping in ASEAN, reaffirmed their commitment to regional cooperation guided by...

ARTA says PH on track to hit top 20% target of WB ranking by 2028; private sector doubtful

The Anti-Red Tape Authority (ARTA) is confident that the Philippines can achieve its target of placing within the top 20 percent of more than...

PH economy slows down in Q1

Battered by global oil shocks, the Philippine economy as measured by Gross Domestic Product (GDP) grew by 2.8 percent in the first quarter of...

Gov’t body eyed to address fragmented, inefficient logistics sector

The government is considering the creation of a body that will focus on addressing inefficiencies in the fragmented logistics sector, where policies, issues, and...

Incentive program for local manufacturing of ICE vehicles pushed

The domestic automotive manufacturing industry is appealing for a parallel incentives scheme to support traditional or internal combustion engine (ICE) vehicle production, particularly for...

PH auto industry unlikely to achieve 500,000-unit sales target for 2026

It is unlikely that the domestic motor vehicle industry will hit its 500,000-unit sales target this year, as the 8–10 percent decline recorded in...

LTO tops most-complained-of gov’t agency — ARTA

The Land Transportation Office (LTO) has emerged as the most complained-about government agency, replacing the Food and Drug Administration (FDA), which improved its standing...

PH inflation climbs to 7.2% in April on higher prices of food, transport

The Philippines’ headline or overall inflation climbed to 7.2 percent in April  this year from 4.1 percent only in March, making it the highest...

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