Top News
FDI proved 13% lower over 11 months in 2023
Foreign direct investment (FDI), the kind welcomed by regulators because they stay invested for the long haul, flowed inward on net basis and rose 27.8 percent in November last year to USD1.0 billion. The inflows persisted from year-ago inflows of only USD820 million, the Bangko Sentral ng Pilipinas said on Monday.
Agriculture accounts for 1 in every 4 jobs in December
Agriculture continued to support job generation in the country, accounting for one in every four jobs in December, helping drive economic growth.
Data from the...
El Nino waning, La Nina to develop in second half of 2024
The La Nina weather pattern characterized by unusually cold temperatures in the Pacific Ocean could emerge in the second half of 2024, following a strong El Ninoyear, a U.S. government weather forecaster said on Thursday.
SMC and partners bid the highest for the NAIA rehab program
A consortium led by San Miguel Corp. and South Korea’s Incheon International Airport Corp. emerged as highest bidder for the P171 billion rehabilitation, operation and maintenance project of the Ninoy Aquino International Airport.
Philippines jobless rate ease to 3.1% in December; services lead the way
Unemployment rate in the country eased to 3.1 percent in December, its lowest rate in 2023.
