Italian investors are seeking more information from the Philippine government about potential projects and investment opportunities available through the Luzon Economic Corridor initiative.
The Philippine Statistics Authority reported faster factory output growth in August as manufacturing activity continued to gain momentum during the month.
Business loans grew 10.6 percent, supported by increased borrowing in real estate, utilities, trade, manufacturing, transportation, and financial services during August.
The business sector is emphasizing continued reforms to improve competitiveness and make the Philippines a more attractive and reliable destination for investment.
Priority areas include semiconductor manufacturing, engineering, digital skills, and emerging technologies that could create more opportunities for Filipino workers and businesses.