Higher daily wages to take effect in 14 regions
A NEW daily minimum wage will be implemented in 14 regions this month, the Labor department said on Sunday, adding that domestic workers will also have higher monthly pay.
Philippine manufacturing production rises for third month in a row
The country’s factory output sustained its rebound for the third straight month in June, the Philippine Statistics Authority (PSA) reported on Friday.
Preliminary results from...
Cojuangco, who built Southeast Asia’s biggest food empire, dies at 85
PHILIPPINE billionaire and San Miguel Corp. Chairman and Chief Executive Officer Eduardo “Danding” M. Cojuangco, Jr., who built Southeast Asia’s oldest and largest food and drink empire, has died. He was 85.
Philippines maintains lower-middle-income status amid pandemic
THE PHILIPPINES remained a lower-middle-income economy after a coronavirus pandemic pulled the economy down last year, according to the World Bank.
BSP to maintain rates — economists
By Melissa Luz T. Lopez
Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to keep policy rates unchanged at its meeting this week,...
Forget casinos, Singapore’s Indian tourists are cruising
SINGAPORE -- When Indian architect Rahul Maini and his parents embarked on their first trip abroad in May, Singapore was their destination of choice.
But...
Lending growth in October fastest in nearly 4 years
DESPITE RISING interest rates, bank lending expanded in October at the fastest pace in nearly four years, the Bangko Sentral ng Pilipinas (BSP) said.
Meralco customers brace for higher January bills
TYPICAL HOUSEHOLDS in Metro Manila can expect their monthly electricity bills to go up by around P125 this month, after Manila Electric Co. (Meralco) said it will hike the overall rate due to an increase in the generation charge and the completion of refunds.
Marcos names more economic managers
PRESIDENT-ELECT Ferdinand “Bongbong” R. Marcos, Jr. on Thursday announced he is tapping Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno to be his Finance secretary when he assumes office on July 1.
Fitch Solutions raises PHL GDP forecast for 2021
THE PHILIPPINE economy is now expected to grow by 4.5% this year, as looser lockdown restrictions support a rebound in consumer spending, according to Fitch Solutions Country Risk and Industry Research.
Philippine consumption likely to slow this year
CONSUMPTION in the Philippines will likely slow down the most among Southeast Asian countries this year, as households struggle with rising prices and interest...
Worst is over for economy, says Diokno
BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno on Wednesday said the “worst is over” for the economy after it already hit the lowest point of the crisis.