Top News
Jobless rate rise in May, underemployment rate eases
The Philippines' unemployment rate climbed to 4.8 percent in May, the highest in a year, as fewer Filipinos found work despite a modest month-on-month increase in employment, underscoring persistent cracks in the labor market.
June inflation slows to 6.4%; rate hike risks linger
Inflation eased for a second straight month in June, offering consumers and businesses some relief from elevated prices, but a pickup in underlying price pressures could keep the Bangko Sentral ng Pilipinas (BSP) on course for another interest rate increase.
Marcos secures $2.5B Canadian investment pledges
President Ferdinand Marcos Jr. returned from Canada with USD2.5 billion in investment commitments, betting that the Philippines' next wave of growth will come not only from traditional sectors but also from artificial intelligence, critical minerals, nuclear energy and even space.
Canadian mining pledges fuel green growth, jobs outlook
Fresh Canadian mining investments and deeper cooperation on critical minerals and clean energy are set to bolster the Philippines' drive to become a preferred destination for responsible mining while creating jobs and supporting the global energy transition.
Telcos fuse to share infrastructure, expand network reach
In a major shift for the local telecom industry, rivals PLDT Group (including its wireless arm Smart Communications) and DITO Telecommunity have signed a landmark agreement to share critical network infrastructure nationwide.
