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...
The Philippines has built a P6.36-trillion investment pipeline, but the bigger challenge now is turning projects on paper into construction sites, operating facilities, and productive assets.
Michelin is looking beyond passenger cars to drive its next phase of growth in the Philippines, targeting the country’s mining, agriculture, logistics, construction, and other industrial sectors.
The Department of Trade and Industry (DTI) and The Coca-Cola Co. are exploring deeper cooperation to strengthen the Philippines’ food and beverage industry, with sustainability, small enterprise development, and competitiveness high on the agenda.
German companies remain interested in expanding their investments in the Philippines, but long-term policy certainty will be crucial to unlocking capital for critical minerals, advanced manufacturing, and other emerging industries, Germany’s top diplomat in Manila said.