Bloomberry Resorts Corp., the casino and resorts business of tycoon Enrique Razon Jr., posted a 6 percent increase in gross gaming revenue in 2024, totaling P61.7 billion, compared to P58.3 billion in 2023.
The Philippines' unemployment rate decreased to 4.3 percent in January, down from 4.5 percent in the same period last year, as the economy continued to create more jobs to accommodate new entrants to the labor force, according to the Philippine Statistics Authority (PSA) report on Thursday.
Foreign arrivals in the Philippines declined 7 percent in February, totaling 541,008, as the number of tourists from South Korea—the country’s primary market—continued its sharp slide.
Berde Renewables Inc., a local renewable energy developer, has formed a strategic joint venture with Thai engineering, procurement, and construction (EPC) contractor, Power Systems and Solutions Co. Ltd. (PSS), aimed at accelerating Thailand’s clean energy transition.
Australian home and lifestyle brand Anko is growing its footprint across the Philippines, opening three new locations before the end of 2026 and expanding beyond Metro Manila for the first time since its 2024 launch.
The Marcos administration has approved 46 special economic zones since taking office, with the developments projected to draw P141.2 billion in investments and generate about 189,000 jobs, although new ecozone activity this year remains heavily concentrated in Calabarzon.
Estate Water, the non-East Zone arm of Manila Water, is stepping up its range of water solutions with a new seawater desalination plant at Ayala Land’s Lio Tourism Estate in Palawan.
Japanese smart lighting technology is being installed at the Philippine International Convention Center (PICC) to illuminate four major Filipino artworks, combining modern lighting controls with heritage preservation ahead of the country’s hosting of the 49th ASEAN Summit.