Citi, a leading global bank and the largest foreign bank in the country, retains a positive outlook on the Philippines amid a challenging year ahead for the global economy.
Concreat Holdings Philippines Inc. is raising cement prices in stages and tightening operations to reverse its losses, betting that higher selling prices and plant improvements will restore profitability next year.
The government plans to let businesses register with key employee-benefit agencies through a single digital platform, potentially eliminating separate filings with the Social Security System (SSS), Philippine Health Insurance Corp. and Pag-IBIG Fund.
The Bangko Sentral ng Pilipinas (BSP) has no clear timetable for resuming interest rate cuts as it remains focused on containing inflation pressures from core prices and peso depreciation, Governor Eli Remolona Jr. said.
Alex Eala advanced to the Round of 16 at the Prudential Hong Kong Open on Tuesday. However, her straight-sets win over Australian lucky loser Emerson Jones included enough untidy moments to suggest she still has work to do.