Toyota Group Updates the Philippine Economic Zone Authority (PEZA) on Performance, Industry Outlook
Toyota Motor Philippines (TMP) and its suppliers reported USD 1.2 billion in exports in 2024, accounting for 30% of the country’s OEM parts exports. Despite global trade concerns, including possible U.S. tariffs, PEZA assured minimal impact on the Philippines due to...
Philippines Accelerates Naval Base Upgrades Amid Security Concerns
The Philippine government is moving to strengthen its maritime defense by upgrading and expanding naval bases in strategic locations across the country. Defense Secretary Gilberto Teodoro announced plans to fast-track infrastructure works on Balabac Island, a joint...
Philippines to Import More Agricultural Products
The Philippines is expected to increase agricultural imports over the next decade, as domestic production struggles to keep up with the demands of a growing economy and rising population. A new OECD–FAO outlook covering 2025–2034 identifies the country as one of the...