The budget deficit projected this year to equal 6.1 percent of local output measured as the gross domestic product (GDP) is seen steadily diminishing over five years when it rounds the period to only 3 percent of GDP, the Development Budget Coordination Committee (DBCC) said.
Britain's national grid has started removing components supplied by a unit of China-backed Nari Technology's from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday.
Stores Specialists, Inc., a wholly-owned subsidiary of listed SSI Group Inc., has taken a 40 percent stake in PRADA Philippines Inc., a joint venture...
The National Irrigation Administration (NIA) has accelerated the completion of big-ticket projects, starting with the P1.276-billion Balbalungao small reservoir irrigation project (SRIP) in Lupao, Nueva Ecija.
Ayala Corp. chairman Jaime Augusto Zobel has called on Philippine businesses to look beyond competition and work together on national priorities, arguing that long-term corporate success depends on a healthier, better-educated and more inclusive society.
The Bases Conversion and Development Authority (BCDA) is stepping up efforts to unlock the economic potential of government-owned land, signing four agreements to introduce tourism, commercial and community facilities in New Clark City and Camp John Hay.
Smart Communications has achieved a perfect zero percent call drop rate in the National Telecommunications Commission’s most recent service quality tests across Metro Manila, marking a major milestone in reliable voice service for subscribers. The result easily clears the regulator’s required standard of less than 2 percent call drop ratio, meaning calls connect and stay connected consistently for users. For customers, this translates to clearer, uninterrupted conversations whether for personal calls, work updates, or emergency communications—no more frustrating cut-offs that waste time and cause inconvenience.
The peso’s slide beyond P63 against the US dollar is threatening to drive up Philippine manufacturing costs and fuel inflation, raising concerns as businesses brace for stronger Christmas-season demand.