- NEDA's Investment Coordination Committee (ICC) said that it has 55 flagship projects lined up within President Rodrigo Duterte’s term that are worth more than P1.2 trillion.
- Malaysia has a pro-business environment, with high sources of foreign direct investments and highly-skilled workforce.
- The US Federal Reserve (Fed), along with its Federal Open Market Committee (FOMC), is expected to increase interest rates due to higher than expected nonfarm payroll jobs, higher wages, and rising inflation.
- The minimum fare for jeepneys will increase from P7 to P8 following the Land Transportation Franchising and Regulatory Board's (LTFRB) approval of the transport groups' petition. The P40 taxi flag-down rate is also back.
- The Department of Environment and Natural Resources (DENR) announced the names of the 23 mining companies ordered to be closed and five others for suspension. The orders were based on the results and recommendations of the multi-sectoral audit teams engaged to investigate the mining companies.
- Bangko Sentral ng Pilipinas (BSP) said it has noted the decision of the US Federal Reserve to retain interest rates for its Monetary Policy meeting next week.
- The National Dairy Authority (NDA) recently announced that dairy imports in the Philippines went up significantly in 2016.
- Land Bank of the Philippines (LBP) and Japan International Cooperation Agency (JICA) signed a loan agreement that will provide financing facility for the agribusiness investments in Autonomous Region in Muslim Mindanao (ARMM).
- The lower house of the Congress of the Philippines has approved the House Joint Resolution No.10 and House Bill No. 2158.
- Bangko Sentral Governor Amando Tetangco Jr. thanked the leaders of the banking industry and the BSP's partner institutions in his speech during the bankers' night. He also confirmed that his term as BSP governor ends on July 2.
- The Department of Labor and Employment (DOLE) said that the construction industry is currently in need of 200,000 skilled workers.
- The Philippine Board of Investments (BOI) said that majority of these investments came from local companies but foreign investments grew 50 percent higher than last year.