PBBM inks CREATE MORE bill into law to spur more investments
President Ferdinand R. Marcos Jr. on Monday signed the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to promote the Philippines as a prime investment destination.

Joint Foreign Chambers Welcome the Signing of the CREATE MORE Act into Law to Enhance Investment Climate
The Joint Foreign Chambers (JFC) released the following statement after President Ferdinand R. Marcos, Jr. signed the CREATE MORE bill into law, legislation to enhance the investment climate in the Philippines.

MVP cites need for more power plants
Manuel V. Pangilinan is seeing the urgent need to accelerate the development of power generation facilities to cater to the country’s growing energy demand. He made this point during a recent roundtable discussion organized by the ECCP and attended by Meralco officials and European ambassadors.

FDI net inflows decline in August
Net inflows of foreign direct investment (FDI) into the Philippines slid in August mainly due to a sharp decline in investments in debt instruments, data from the central bank showed.

Manila still lags in internet speed, quality
Manila is still one of the poorest cities in Asia-Pacific to connect to the internet, ranking in the lower half of the region for reliability and consistency.

Senate passes natural gas industry development bill on final reading
The Senate approved on third and final reading on Monday a bill seeking to develop the indigenous natural gas industry, which the government views as transition fuel en route to broader adoption of renewable energy.

Government set to award 1st hydrogen contracts
At the sidelines of the 2024 Pilipinas Conference, Energy Secretary Raphael Lotilla said the competitive bidding process for the hydrogen contracts covering predetermined areas (PDAs) in Central Luzon has been “proceeding.”

Debt service bill falls by 61% in September
The National Government’s debt service bill declined year on year in September as amortization payments for domestic borrowings slipped, the Bureau of the Treasury (BTr) reported. The latest data from BTr showed that the debt service bill slumped by 60.83% in the same month last year.

More easing likely amid weak growth
The weaker-than-expected economic growth in the third quarter will allow the Bangko Sentral ng Pilipinas (BSP) to continue cutting rates, analysts said, though this outlook is clouded by the Federal Reserve’s own moves under a Trump presidency.

PHL delays sugar imports till may; DA rules out need
The Philippines has decided to delay the importation of sugar until May 2025 following the conclusion of the current crop year’s harvest, according to the Department of Agriculture (DA). Agriculture Secretary Francisco Tiu Laurel Jr. said there was no immediate need for additional imports since the domestic supply of raw and refined sugar was sufficient to meet projected needs.

Entreps told: Supply govt its needs under Tatak Pinoy Act
Filipino entrepreneurs are being urged to explore the idea of supplying to the government as a step toward eventually penetrating the export market, according to the Philippine Exporters Confederation Inc. (Philexport).

Increase in biodiesel blend lowers GHG emission—DOE
The Department of Energy (DOE) said an increase in biodiesel blend has led to the reduction of greenhouse gases (GHG) emissions that contribute to global warming. The increase in biofuel blend is being implemented in phases, beginning with a 3% coconut methyl ester (CME) blend.

Marina eyes improvement in maritime education
The Maritime Industry Authority (Marina) has partnered with the International Association of Maritime Universities (IAMU) to strengthen maritime education and training (MET) in the Philippines through advanced technologies, faculty development, and innovative lectures in logistics and safety.

House panel to 7 OVP officials: Appear at hearing or face arrest
The House of Representatives’ Committee on Good Government and Public Accountability on Sunday issued a final warning to officials from the Office of the Vice President (OVP): Appear at the hearing scheduled for Monday, November 11, or risk being arrested.

Firms exiting China over Trump tariff threat could land in PHL
Investment could grow under the second Trump administration, in the form of manufacturers relocating out of China, while services, which are less affected by tariffs, could benefit from deepening integration of the US and Philippine economies, regulators and industry officials said.

Tesla plugs into PHL market
This is Tesla’s latest expansion in Asia, highlighting its aim to tap into the growing EV market in the Philippines and the region