Economy
PCCI warns NCR wage hike May lift prices, cut jobs
The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly approved minimum wage increase in Metro Manila could fuel inflation, squeeze exporters and eventually dampen employment as businesses grapple with rising labor costs.
Davao del Norte cacao returns to export market after decade
Davao del Norte has reclaimed its place in the global cacao trade, exporting premium fermented cacao beans for the first time in more than a decade in a breakthrough that could open new opportunities for Philippine farmers in high-value overseas markets.
Philippines takes center stage at China-ASEAN trade expo
The Philippines will take the spotlight at next year's China-ASEAN Expo after being named Country of Honor for the 23rd CAEXPO, giving local businesses a prime platform to expand trade, attract investments and strengthen commercial ties across the region.
BIR puts compliance first in nationwide tax crackdown
The Bureau of Internal Revenue (BIR) stepped up its nationwide tax enforcement campaign on June 30, but stressed that helping taxpayers comply remains its first priority, with business closures reserved as a last resort.
Factory recovery continues but confidence loses steam in June
Philippine manufacturing extended its recovery for a second straight month in June as stronger domestic demand lifted factory output and new orders, although businesses turned more cautious about the months ahead.
