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.
The Philippine labor market in August showed significant improvement from July, with the resumption of farm activity and the start of the new school year helping generate more employment for Filipinos, the statistics authority said Friday.
Oil and rice price shocks sending the September inflation rate sharply higher to 6.1 percent are seen dissipating in October when more data is captured reflecting the macroeconomic lay of the land, officials said on Thursday.
Headline inflation accelerated to the upper limit of official forecast and hit 6.1 percent in September and well above market consensus of only 5.3 percent, the Philippine Statistics Authority (PSA) reported on Thursday.
The chairman of the House of Representatives’ ways and means committee expects a new bill providing incentives to San Miguel Corp.’s Bulacan Airport City...
Aboitiz Renewables, Inc., the renewable energy arm of Aboitiz Power Corp., has energized its 92.55-megawatt peak (MWp) San Manuel solar power plant in Pangasinanrr, marking another milestone in the company’s nationwide clean-energy expansion. The facility is the firm’s third solar project in Pangasinan, joining the Cayanga-Bugallon and Laoag solar plants.
San Miguel Corp. (SMC) has delivered new relief supplies to Cebu, where thousands of people are still staying in evacuation centers more than a week after Typhoon Tino hit on November 4.
Security Bank Corp. reported solid growth for the first nine months of 2025, with total revenues rising 22 percent year-on-year to P48.8 billion. Net profit increased 7 percent to P9.1 billion, reflecting stronger lending activity and improved margins, despite higher provisions for credit losses.