ECCP at Work

Invest in PH transport projects, European private firms urged 

“The DOTr is optimistic that the private sector sees the endless possibilities of the Philippine transport projects that will contribute to the country’s economic growth and address the concerns of the commuting public,” Secretary Lopez said.

Apeco seeks European investments as PH-EU FTA nears

President and CEO Gil Taway IV tells NewsCentral that the ECCP will help promote the zone and connect it with prospective investors. Discussions remain exploratory as the Philippines and EU work toward formally concluding their trade agreement.

House approves P7.2 trillion 2027 budget on final reading

The House plenary voted to approve the House version of the General Appropriations Bill (GAB) with 281 yes votes, 13 no votes, and one abstention. On Thursday, when the lower chamber passed its version of GAB on second reading, it highlighted its “people-centered” and “Super El Niño-ready” nature.

ERC cuts 36% of Meralco’s revenue ask for next 4 yrs

For Meralco customers, this means the average distribution rate for the first regulatory year (RY 2027) will increase to P1.48 per kilowatt hour (kWh) from the current P1.35 per kWh, which is still lower than the P2.34 per kWh that Meralco originally requested.

Philippines' FDI net inflows hit six-month high in July

The Philippines posted the highest net inflows of foreign direct investments in six months even as they declined by over 40% year on year in July, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. This was the highest monthly inflow in six months or since the $799 million in January, but marked the first annual decline since April.

Infrastructure slowdown to result in 2.7% contraction in PHL fixed-capital investment this year

“Infrastructure delays weakened investment and private sector confidence, while elevated debt and borrowing costs constrain countercyclical support,” the World Bank said. 

ERC orders Meralco to refund P2.64 billion to customers

The refund is expected to reduce bills by an average of P0.1020 per kilowatt-hour (kWh) for at least six months, according to the ERC. Residential customers and small businesses will receive the “largest reduction in their monthly bills relative to their consumption,” the ERC said.

BIR to roll out 6 digital projects in 2027 

These projects form part of the BIR’s strategic plan for 2026 to 2028, which covers a five-point agenda including digital and data transformation, audit reform and accountability, revenue collection and revenue base protection, employee empowerment and service excellence.

CAAP to finish PH aviation master plan by year-end

CAAP has 91 projects lined up for 2026, backed by P1.217 billion for airport development and P804.391 million for air navigation services. Under the EU-funded EU-ASEAN Sustainable Connectivity Package – Aviation Partnership Project, EU aviation specialists are helping CAAP align CAMP with international standards.

Aboitiz InfraCapital eyes more investments in airports, digital infrastructure

“The pipeline building or project should continue and should not stop. Procurement should not stop, especially for infrastructure, as it takes years to plan, secure approvals, and build the infrastructure,” she said, noting that the private capital remained ready for commercially viable projects.

Airline fuel surcharge eases to Level 16, remains elevated

Under Level 16, airlines may collect fuel surcharges ranging from P525 to P1,535 for domestic flights and from P1,733.76 to P12,891.29 for international flights, depending on distance.

Diesel prices down P3.01/liter, gasoline up P1.56 on Oct. 13

The DOE attributed the diesel price rollback partly to the Group of Seven (G7) agreement to release emergency oil reserves and a reported agreement between the United States and Russia.

Marcos highlights upcoming ASEAN turnover to Singapore, foreign investment gains after SG visit 

Beside diplomatic discussions, Marcos reported securing major private sector commitments, meeting with executives from several multinational firms including FedEx, Mitsubishi Corporation, and Vena Energy.”

Marcos seeks nuclear energy partnership with Singapore 

“During my visit to the Singapore Nuclear Research and Safety Institute, we explored opportunities for cooperation in nuclear science, research and safety as we study nuclear power as a possible long-term energy source for the Philippines,” Marcos added.

Aircraft parts maker raises stake in PH

At its new facility, the company plans to focus on manufacturing, fabrication, machining, injection molding, thermoforming and assembly of aerospace parts and components for international customers. “This expansion demonstrates growing confidence in the Philippines as a competitive base for advanced manufacturing particularly for the aviation/aerospace industry,” PEZA Director General Tereso Panga said.

Net investment outflows hit $4.25B from Jan-Aug

Latest data from the Bangko Sentral ng Pilipinas (BSP) showed foreign investment outflows outpaced inflows, resulting in a net outflow of $4.254 billion as of August from $4.583 billion in net inflows in the same period last year.

Aguda, Gomez exit Cabinet; Cayetano is new PCO chief

In an interview with reporters in Singapore last Sunday, the chief executive confirmed Aguda tendered his resignation amid the ongoing probe being conducted by the Office of the Ombudsman on his alleged involvement in the “ghost internet” scheme under the DICT’s Free Wi-Fi program.

Calabarzon domestic workers to get P750 monthly wage hike 

The Regional Tripartite Wages and Productivity Board (RTWPB) in Region IV-A issued Wage Order No. RB-IVA-DW-06, which covers domestic workers in Batangas, Cavite, Laguna, Quezon and Rizal, the wage board said on Oct. 10. The new rate raises the minimum monthly wage for domestic workers from P6,750 to P7,500.

8-mo debt payments down 6.36% to ₱1.443T

The government’s debt payments dropped by 6.36 percent to P1.443 trillion from January to August from P1.541 trillion in the same period a year ago.This comes after the government made lower amortization payments during the eight-month period compared with last year.

Senators to gov’t agencies: Step up preparations for ‘Super El Nino’ 

“Government agencies should step up information drive, proper information dissemination so that people are prepared and know what the government’s steps are ahead of the El Niño,” said Sen. Francis Pangilinan in an interview with radio DWIZ

Manila opens largest OFW service center in Taipei

It is designed as a one-stop hub where Filipino migrant workers in Taiwan can access government services, welfare assistance and training without returning to the Philippines. The facility includes training spaces, a cafe offering free coffee, a karaoke room and areas for government services.