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FDIs nosedive by 46% to $448M in January

The Philippines started on the wrong foot as foreign direct investments (FDIs) that entered the country nosedived by 45.7 percent to a 20-month low...

Economy creates more jobs in February but not enough; rank of jobless rise

Around 102,000 Filipinos joined the ranks of the unemployed in February,  raising the number of the jobless to 2.47 million from 2.37 million in...

Statistics Office revise down 4Q GDP growth to 7.1%

The Philippine Statistics Authority has released the revised estimates of the national accounts for the fourth quarter but the annual rates of growth for...

Digital enterprises obliged to pay taxes, reminds BIR exec

The Bureau of Internal Revenue (BIR) is reminding digital enterprises that, like traditional businesses, they are covered by the Tax Code and have tax...

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Aboitiz Renewables to build 239-MWp solar plant with battery storage in Negros Occidental

Aboitiz Renewables, Inc., the clean energy arm of Aboitiz Power Corporation, will expand its solar capacity in Negros Occidental to 471 megawatt-peak (MWp) once the new Luna Solar Power Plant becomes operational.

Jollibee opens new San Francisco store to boost North America expansion

Jollibee Foods Corporation, also called the Jollibee Group, has opened a new store in downtown San Francisco, California to grow its business across North America.

Eala-Pegula title match suspended by rain

Alex Eala’s bid for the biggest title of her career was put on hold after persistent rain repeatedly disrupted the Mubadala DC Open final against top seed Jessica Pegula. The championship match was delayed for hours before play started, only to be suspended again for the safety of players and spectators. Eala surged to a 4-3 lead in the opening set and created several chances to move within a game of the set before World No. 3 Pegula rallied to win three straight games for a 6-4 advantage. Eala claimed the second-set opener before trailing 2-1 when play stopped.

Visa and GCash linkup allows card-funded QR payments

Digital payments giant Visa and mobile wallet GCash have announced a partnership to introduce a new, more secure way for consumers to pay for everyday purchases across the Philippines.

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