Top News
Manila, Seoul partner on major infrastructure projects boosting mobility and economy
Finance Secretary Ralph G. Recto on Wednesday announced financing agreements with the government of South Korea for three major infrastructure projects aimed at enhancing mobility and fostering economic growth in the Philippines, particularly in Luzon and the Visayas.
Unemployment rate eases to 4 percent in August; services lead job creation
The unemployment rate eased to 4.0 percent in August, with the economy creating more jobs, particularly in the services sector.The August print is down from 4.4 percent in August 2023 and 4.7 percent last July.
Unicapital recomputes higher PSEi this year and next
Broker Unicapital Securities Inc. on Monday recomputed the benchmark Philippine Stock Exchange index (PSEi) to round the year higher to 7,600 points from 7,000 points previously on the back of still lower interest rates at the close of 2024.
Interest rate cuts seen driving IPO charge over the short horizon
The number of listings at the Philippine Stock Exchange is forecast to rise in 2025 from just a handful this year as a consequence of the decline in interest rates that makes equities attractive versus fixed income securities.
DA welcomes inflation drop in September on lower food prices
Agriculture Secretary Francisco P. Tiu Laurel, Jr. welcomed with guarded optimism the sharp slowdown in September inflation attributed to the decline in food prices, particularly rice.
