PAGEONE Business Today

United States Secretary of Commerce Gina Raimondo assures the Philippines that the over USD1 billion investment pledges of American companies during her trade mission are more than just promises and will materialize soon.

German airline Lufthansa’s Philippine unit unveils initial expansion plans to President Ferdinand R. Marcos Jr., following his recent official visit to Berlin.

The Tanauan City plant of aircraft parts maker Collins Aerospace achieves a milestone by delivering its first seating shipment to Airbus.

A German renewable energy company has pledged a separate investment of PHP56 billion, in addition to the USD4 billion investment deals showcased to President Marcos Jr. during a business forum in Berlin.

Swedish investors are eyeing opportunities in the Philippines, drawn by the country’s strong macroeconomic fundamentals, favorable business environment, and skilled labor force.

Two American companies have allocated more than PHP 44 billion for energy and telecommunications infrastructure ventures in the country.

The Bangko Sentral ng Pilipinas has instructed banks and other BSP-supervised financial institutions to prioritize the Philippine Identification Card as the primary valid identification document for their transactions.

District Collector Julius B. Premediles of the Bureau of Customs Port of Iloilo assures readiness to handle import and export container cargo services from various global economic hubs.

With a historic low 3.1-percent unemployment rate recorded in December 2023, the country’s labor market shows steady progress despite domestic and external risks.

Philippine officials have proposed renewing trade and assistance agreements with the United States to boost Philippine exports to the US market.