U.S., Philippines, Japan advance ‘economic corridor’ under IPEF effort

Senior officials from the U.S., Philippines and Japan on Tuesday launched a “steering committee” to develop a new economic corridor connecting the Philippines’ largest ports, an effort supported by an investment accelerator created under the Indo-Pacific Economic Framework for Prosperity. The Luzon Economic Corridor will “support connectivity among Subic Bay, Clark, Manila, and Batangas as well as facilitate strategic, anchor investments within each hub in high-impact infrastructure projects, including rail, port modernization, agribusiness, and clean energy and semiconductor supply chains...