Business reporter
Republic of the Philippines
Joined November 2025
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President Marcos and First Lady Liza Araneta-Marcos are here in Pasay for the launch of the second edition of the Michelin Guide in the Philippines. @inquirerdotnet
Helm, the fine-dining restaurant run by Filipino-British chef Josh Boutwood, retains its two Michelin Star rating. @inquirerdotnet
Flow earns the much-coveted one Michelin Star rating.
It joins eight other restaurants that bagged the rating last year: Asador Alfonso, Celera, Gallery by Chele, Hapag, Inato, Kasa Palma, Linamnam and Toyo Eatery. @inquirerdotnet
Michelin is the respected curator of dining and travel recommendations. This year’s guide again covers Manila and Cebu, and will include the coveted “Star” rating, as well as special awards such as the Bib Gourmand Michelin Selected. @inquirerdotnet
Newly appointed Public Works Secretary Giovanni Lopez and Transport Secretary Vince Dizon hold a press conference today, a day after switching posts at the helm of the country’s two major infrastructure agencies. @inquirerdotnet
These are the companies, along with their officers, that were behind the onion cartel in the Philippines, which drove prices of onions to as much as P800/kilo in 2022, the Philippine Competition Commission announced Thursday. @inquirerdotnet
The antitrust watchdog said the onion cartel members were slapped with a combined fine of P1.76 billion, the largest penalty it has imposed to date. @inquirerdotnet
A TOYOTA TAMARAW ‘JEEPNEY’
Toyota Motor Philippines Corp. unveils the modern PUV conversion of the Tamaraw, whose earlier editions had been used in the country as UV Express vehicles. @inquirerdotnet
Capable of seating 12, the Toyota Tamaraw is already equipped with features such as Wi-Fi connection, an automated fare collection system and CCTVs.
Toyota manufactures the Tamaraw here in Santa Rosa, Laguna. @inquirerdotnet
PHILIPPINES SECURES FREE TRADE DEAL WITH EU
More than two years since negotiations restarted, the Philippines has finally secured a free trade agreement with the European Union, both sides announced on Tuesday.
@inquirerdotnet
This makes the Philippines only the third country in Southeast Asia to secure an FTA with the regional bloc of about 450 million people. @inquirerdotnet
An FTA with the EU is expected to unlock as much as $12 billion in export potential. It would also upgrade the Philippines’ current trade arrangement under the EU’s Generalized Scheme of Preferences Plus. @inquirerdotnet
Spain and the European Union are the new members of Luzon Economic Corridor initiative, which seeks to drive investments toward the Subic-Clark-Manila-Batangas growth belt.
Finance Secretary Frederick Go welcomed the new partners at the LEC Investment Forum. @inquirerdotnet
Officials from the Bases Conversion and Development Agency and Board of Investments — the two Philippine agencies leading the development of the controversial 1,619-hectare Pax Silica hub — brief the press here in New Clark City. @inquirerdotnet
Pax Silica is a non-binding agreement, BOI managing head Ceferino Rodolfo says, thus the Philippines can freely back out of the initiative should it decide to do so.
But Rodolfo stresses that the Philippines is ready for Pax Silica. @inquirerdotnet
Aircraft maintenance provider Lufthansa Technik Philippines breaks ground for its second base maintenance facility here at the Clark International Airport.
The 157,000-square-meter facility is targeted to open in 2028. @inquirerdotnet
LOOK: The Public-Private Partnership Center of the Philippines renews its pact with Singapore-based project facilitation office Infrastructure Asia here at Asia Infrastructure Forum 2026 in Singapore. @inquirerdotnet
Infrastructure Asia is an office established by the Monetary Authority of Singapore and the Ministry of Trade and Industry’s Enterprise Singapore. @inquirerdotnet
This agreement aims to expand collaboration on project financing and development, and introduce more Singaporean companies to infrastructure opportunities in the Philippines. @inquirerdotnet