Companies

The Philippine economy is expected to sustain stable growth over the next two years, mainly driven by robust consumer spending, according to the Organization for Economic Cooperation and Development (OECD). In a virtual briefing last week, Cyrille Schwellnus, head of the OECD’s Indonesia and Philippines desk, said the country’s gross domestic product (GDP) is projected to grow by 5.6% in …

The Commission on Audit (COA) has recognized the Aurora Pacific Economic Zone and Freeport Authority (APECO) for showing “a shift from past inaction” and laying the groundwork for sustained development through the completion of long-overdue infrastructure projects. In its 2024 Audit Observation Memorandum, COA cited APECO’s infrastructure initiatives as critical steps in transforming the ecozone into an investment-ready hub. According …

Global tech and services giant Concentrix has invested nearly P1.02 billion to establish its second site in Bacolod City—marking a major boost for the city’s IT-BPO industry. The new facility, named Concentrix Bacolod AIU, spans four floors and over 8,200 square meters at the AIU Centre in Barangay Mandalagan. It is expected to house around 1,800 employees—referred to by the …

Converge ICT Solutions Inc. is gearing up for a transformative year as it readies the launch of two state-of-the-art data centers and two major international submarine cable systems, all set to go online within 2025. During the company’s virtual annual stockholders meeting on Friday, Converge CEO and co-founder Dennis Anthony Uy announced that the twin initiatives mark a strategic push …

With classes set to resume on June 16, the Department of Trade and Industry (DTI) has launched the 2025 edition of the Gabay sa Pamimili ng School Supplies, providing parents with a reliable reference for school supply prices to help them prepare for the new academic year. This year’s guide covers 195 items across 12 categories. According to the DTI, …

Finance Secretary Ralph G. Recto lauded the enactment of Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA), describing it as a landmark reform that will help bring investment opportunities closer to ordinary Filipinos while bolstering inclusive economic growth. “This is a game-changing law that makes capital market investments more accessible, affordable, and understandable, especially for small …

The Philippine Statistics Authority (PSA) reported that the growth of the Producer Price Index (PPI) for manufacturing decelerated to 0.1 percent in April 2025, down from 0.6 percent recorded in March. In a statement released Friday, the PSA attributed the slowdown mainly to a weaker annual growth in the computer, electronic, and optical products industry, which posted a slower increase …

The Philippine Economic Zone Authority (PEZA) is experiencing a significant resurgence under the Marcos administration, with total approved investments reaching P530.59 billion from 2022 to April 2025. Official data show a consistent upward trend: P140.7 billion in 2022, P175.71 billion in 2023, P214.18 billion in 2024, and P63.5 billion during the first four months of 2025. At this pace, PEZA …

The Philippines’ trade deficit significantly narrowed in April 2025 as stronger export performance and reduced imports improved the country’s trade balance, data from the Philippine Statistics Authority (PSA) revealed on Friday. The trade gap shrank by 26.1 percent, dropping to USD3.49 billion from USD4.72 billion in April last year. This development was driven by a 7 percent increase in exports, …

Philippine Amusement and Gaming Corporation (PAGCOR) Chairperson and CEO Alejandro Tengco confirmed on Thursday that he and the entire PAGCOR Board of Directors have tendered their courtesy resignations. Tengco said the move, made during the previous week, was in deference to President Ferdinand R. Marcos Jr.’s authority to reorganize the bureaucracy as he sees fit. “We serve at the pleasure …