Louella Desiderio

MANILA, Philippines — Consumer goods giant Unilever Philippines is looking to sustain business growth following initiatives to strengthen local manufacturing operations and improve supply chain processes.

MANILA, Philippines — Quezon City made the largest contribution to the Philippine economy last year, according to the Philippine Statistics Authority.

MANILA, Philippines — Investment pledges approved by the Board of Investments (BOI) hit a record high of P1.62 trillion this year, exceeding the agency's 2024 target.

The Board of Investments (BOI) is aiming to set a new record next year with its goal of approving P1.75 trillion worth of investments, following this year’s all-time high investment approvals.

The Department of Trade and Industry and the Department of Finance have issued interim rules to enable investment promotion agencies to register projects and offer incentives under the CREATE MORE Act, while waiting for the law’s implementing rules and regulations.

MANILA, Philippines — The Asian Development Bank (ADB) has approved a $500-million loan to the Philippines to support employment recovery through skills training and prepare the workforce for changing industry needs.

MANILA, Philippines — Vehicle sales in the Philippines accelerated by 8.5 percent in November compared to the same month last year, driven by strong demand for passenger cars and commercial vehicles.

MANILA, Philippines — The government has certified P4.51 trillion worth of projects to go through green lane services for faster processing of licenses and permits, according to the Board of Investments (BOI).

The need to reduce costs and pressure from competition are key drivers for artificial intelligence adoption among companies in the Philippines, but limited use cases and scalability challenges are obstacles to fully leveraging the technology, according to IBM.

The Philippine Economic Zone Authority and the Department of Labor and Employment have signed a data sharing agreement to streamline the PEZA visa application process as part of efforts to improve ease of doing business.