Economy
Customs chief threatens dismissal over seized cigarette theft
The Bureau of Customs (BOC) has tightened security over confiscated illicit cigarettes after reports of attempted theft, with Commissioner Ariel F. Nepomuceno warning that any personnel involved in pilferage or unauthorized removal would face immediate dismissal and criminal prosecution.
Jobless rate rises in June as labor market shows mixed signals
The Philippines' unemployment rate rose to 4.9 percent in June from 4.8 percent in May, as the number of jobless Filipinos climbed to 2.59 million, underscoring the uneven pace of labor market recovery despite an increase in overall employment.
Coca-Cola weighs sugar tax hike amid pricing, demand concerns
Coca-Cola Europacific Aboitiz Philippines (CCEAP) is assessing the impact of a proposed sharp increase in excise taxes on sugar-sweetened beverages, as the industry braces for a measure that could reshape pricing, consumer demand, and product strategies across the beverage market.
Singapore firms explore Philippine investments through DTI mission
The Philippines is stepping up efforts to attract more Singaporean investments, with the Department of Trade and Industry (DTI) lining up a business mission that aims to convert growing investor interest into projects across manufacturing, digital services, agribusiness, and other high-growth industries.
Philippine inflation eases as transport costs cool prices
Philippine inflation slowed for a second straight month in July, reinforcing expectations that price pressures are gradually easing even as households continue to grapple with elevated costs for food, electricity and transport.
