ECCP at Work

ECCP@Work Featured Articles | April 11, 2025

April 11, 2025

ECCP Online

ECCP at Work

2025 Philippine Aviation Summit Set to Boost Sustainability and Global Competitiveness in Air Transport Sector
Co-organized by the European Chamber of Commerce of the Philippines (ECCP) and the Asian Business Aviation Association (AsBAA), and co-presented by Philippine Airlines (PAL) as the official carrier, the Summit will take place from 08 to 09 October 2025 at the Marriott Hotel Manila in Pasay City.

Foreign direct investments fall 20% in January
Foreign direct investments (FDI) continued to decline in January amid global uncertainties that made investors rethink their expansion plans.

ADB cuts Philippine growth forecast
The Asian Development Bank (ADB) trimmed its gross domestic product (GDP) growth projection for the Philippines this year, though this still places it among the fastest growing economies in Southeast Asia.

PH economic team to meet Asean counterparts on US tariffs
The Philippines’ economic team will meet with counterparts in Asean to discuss their next course of action on reciprocal tariffs imposed by US President Donald Trump.

House bill eyes higher taxes on pre-mixed alcoholic drinks to limit use
A bill that seeks to curb the Philippines’ alcohol consumption by increasing the taxes on pre-mixed alcoholic beverages was filed at the House of Representatives last week.

PHL growth forecast maintained at 6.1% by ESCAP; chip boom seen continuing
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has maintained its Philippine economic growth forecast for this year, citing Southeast Asia’s sustained electronics boom.

DOLE: Lower unemployment fruit of robust gov't, LGUs partnership
The strong partnership between the government and local government units (LGUs) in providing job opportunities led to the improvement in employment figures, the Department of Labor and Employment (DOLE) said Tuesday.

2025 PH Aviation Summit banks on partnerships to advance aviation sector
Now on its third year, the summit aims to chart a course for a more sustainable, secure, and globally competitive Philippine aviation industry, ECCP executive director Florian Gottein said in a press conference on April 7.

DOF cuts privatization goal to P50 billion
The Department of Finance (DOF) has cut by half its privatization goal this year to P50 billion as part of efforts to generate revenues and widen the limited fiscal space without raising new taxes.

PHL rolls out fully online registration for companies
The Securities and Exchange Commission (SEC) has transitioned to a fully online and paperless system for company registrations, with the goal of improving the ease of doing business.

PHL factory output down 2.4%, weakest in 3 months
Manufacturing output sank to a three-month low in February due to slowing markets and reduced consumer spending, the Philippine Statistics Authority (PSA) reported on Tuesday.

DOTr chief orders fast-tracking of Manila-Bulacan NSCR portion
Transportation Secretary Vince Dizon on Wednesday ordered the fast-tracking of the Metro Manila–Bulacan portion of the North-South Commuter Railway (NSCR).

Metro Manila condo launches fell to lowest level in 5 years — LPC
New condominium launches in Metro Manila slumped to a five-year low in the first quarter, as property developers focus on clearing their existing inventory, according to property consultancy firm Leechiu Property Consultants (LPC).

Office market off to good start in 2025
The Philippine office market is off to a promising start this year despite the absence of Philippine offshore gaming operators (POGOs) and demand from government-related deals, according to real estate brokerage firm Leechiu Property Consultants.

Gov’t to work harder to boost employment, says Palace
The government will double its efforts to open more employment opportunities for Filipinos, Malacañang said on Tuesday.

Peso climbs on tariff talk hopes
The Peso recovered against the dollar on Tuesday on hopes for negotiations on the Trump administration’s reciprocal tariffs.

PHL dollar reserves slip to $106B at end-March
The Philippines’ dollar reserves slipped as of end-March as the National Government repaid more of its foreign debt, preliminary data from the central bank showed.

T-bonds fetch lower rates on BSP cut bets
The government made a full award of the reissued Treasury bonds it offered on Tuesday as rates were in line with secondary market levels amid expectations that the Bangko Sentral ng Pilipinas (BSP) will resume its monetary easing cycle this week.

Government to raise P30 billion from fixed rate T-notes
The government aims to borrow at least P30 billion from the local debt market via the issuance of fixed-rate Treasury notes (FXTNs) to boost state coffers.

Banks’ bad loan ratio steady at 3.38% in February 2025
The ratio of bad debts to total loans held by Philippine banks was steady in February, as the local financial system slowly started to feel the impact of the previous easing actions of the Bangko Sentral ng Pilipinas (BSP).

PPPI, CIAC eye investors for P2-B pharma hub in Clark
Government-owned and controlled corporations (GOCCs) Philippine Pharma Procurement, Inc. (PPPI) and Clark International Airport Corp. (CIAC) are eyeing for investors for their joint project, a pharmaceutical logistics and distribution center, in Clark Freeport Zone.

Farmers warn of tariff disruptions causing dumping of agri products
Farmers said the Philippines could be targeted by exporters of agriculture goods if their access to other markets is disrupted by the US tariffs as well as any measures taken in retaliation.

PHL urged to prepare supplier networks as production bases shift
The Philippines will need to lay the groundwork for receiving manufacturers exiting China by ensuring that the relocators have adequate supplier networks here, a retail industry official said.

Government unlikely to counter Trump tariffs
The Philippine government is not planning to counter Trump’s tariff moves, saying the new trade policy of the United States is even advantageous for certain local goods.

CNPF sees sustained double-digit growth this year
Century Pacific Food Inc. (CNPF), the Po family’s listed food and beverage company, expects to maintain its double-digit growth trajectory this year following a strong performance in 2024.

PHL businesses must invest in data protection amid threats
Philippine businesses must increase their data protection investments as cyberthreats become more complex, according to Taiwan-based technology platform Synology, Inc.

All set for Aboitiz Group's take over of Laguindingan Airport
All is set for Aboitiz InfraCapital, Inc.'s (AIC) takeover of Laguindingan International Airport (LIA) this month, with the phased handover process laid out to minimize disruptions while ensuring operational continuity.

PHL banks to see 'low' credit risk from US tariffs
The Philippine banking system is unlikely to face significant credit risk from the United States’ tariff policies due to its lower tariff rate compared with its neighbors in the Asia-Pacific (APAC) region, Moody’s Ratings said.

SEC calls on energy firms to tap local capital market for growth
The Securities and Exchange Commission (SEC) is urging companies to tap the local capital market to support their expansion plans. SEC Chairperson Emilio B. Aquino said the corporate regulator aims to attract more investment in power projects by simplifying the securities registration process.

Asean to discuss united response to ‘Liberation Day’
Trade Secretary Ma. Cristina Roque on Wednesday said she is set to meet with her counterparts from members of the Association of Southeast Asian Nations (Asean) today to discuss a possible united front to respond to US President Donald Trump’s punitive tariffs on dozens of countries that took effect on Wednesday.

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