Top News
Consumer food service providers seen generating P730B in sales this year
The various food service providers in the Philippines are seen generating sales 20 percent more this year than last year of around $13 billion or P730 billion.
Proposed wage hikes impose 30% added costs for employers
A top official of a national employers’ group warned that a P150 legislated daily wage increase will inflict “incalculable damage” on the economy and urged instead for more sustainable alternatives to help workers cope with the rising cost of living.
Gilas outclass Jordan in Asian Games finals, ends 61-year wait for Asiad gold
It was the toughest of roads that Gilas took to get to the basketball finals of Asian Games, and that made the Philippines’ gold medal-clinching victory in the Asiad after a 61-year-long wait even sweeter.
“Sugar tax anti-obesity goal rather vague”
Some in the legislature have difficulty supporting the proposal to double the excise tax on sugar to P12 from the current P6, saying its anti-obesity objective is unclear and rather misleading.
IMF forecasts slow, uneven global growth this year
Global growth this year, seen as slow and uneven, is forecast to remain well below the 20-year average of 3.8 percent, according to International Monetary Fund managing director Kristalina Georgieva.
