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IMF forecasts slow, uneven global growth this year

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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.

Ranks of employed Filipinos swell in Aug but quality of jobs not ideal

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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.

Inflation pressures seen dissipating in October

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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.

Food price in superdrive in September, confounding forecasts

Top News Jun Vallecera Jun Vallecera -
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.

New bill on Bulacan Airport through House in November

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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...
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AirAsia Philippines faces total shutdown over P271-M unpaid obligations

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The Civil Aviation Authority of the Philippines (CAAP) has warned AirAsia Philippines that it could be forced to stop all operations if it does not settle outstanding financial dues amounting to P271.94 million.

Back-to-school costs rise for many Filipino families

Education, Health & Science 0
Parents preparing for the opening of classes on June 8 will face higher prices for a significant portion of school supplies, with the Department of Trade and Industry (DTI) reporting that nearly one-third of monitored items cost more than they did a year ago.

Jollibee anchors global expansion on strict food safety standards

Education, Health & Science 0
Jollibee Group on Wednesday said that food safety and quality remain non-negotiable priorities serving as the foundation for operational excellence, consumer trust, and sustainable expansion across more than 10,000 stores worldwide.

Senate elects new leaders as Escudero joins session

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The Senate broke a two-day leadership deadlock on Wednesday after former Senate President Francis Escudero joined the chamber’s session, paving the way for the election of Sherwin Gatchalian as the new Senate president and the reorganization of key committees. The leadership change is expected to face legal and procedural challenges from allies of former Senate President Alan Peter Cayetano, who dispute the validity of the proceedings. Among the chamber’s first actions under the new leadership was the designation of a presiding officer for impeachment trials, except in cases involving the President, signaling efforts to restore the Senate’s legislative and constitutional functions after days of paralysis.

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