The average interest rates on treasury bills rose at Monday's auction, reflecting concerns over inflationary pressures following the release last week of November data, which showed a pick-up in price increases driven by supply bottlenecks caused by recent weather disturbances.
The Philippines is expected to remain resilient over the next two years, fueled by strong domestic consumption, infrastructure investment, and an expanding services sector, according to a new report from the Philippine Institute for Development Studies (PIDS).
The country's gross international reserves (GIR) dropped to USD108.5 billion as of end-November 2024, down from USD111.1 billion in October, according to the latest...
The unemployment rate eased to 3.9 percent in October 2024 from 4.2 percent in the same month last year, with the number of jobless Filipinos declining to 1.97 million from 2.09 million.
Property giant Megaworld Corp. is expanding its office platform with the launch of a new leasing group, a move aimed at reinforcing its position as the Philippines’ largest office developer while advancing its goal of building a 2-million-square-meter leasable office portfolio.
Visa has partnered with GCash and makes it easier and safer to send money from abroad directly to GCash wallets in the Philippines. Through Visa Direct, individuals and businesses worldwide can now transfer funds straight to GCash, benefiting more than 90 million users with faster and more convenient access to overseas money.
NLEX Corp. said construction of Section 1A of the NLEX–C5 Northlink Segment 8.2 is 50 percent complete, marking steady progress toward finishing the full 11.3-kilometer road linking Mindanao Avenue and C5/C.P. Garcia.
The Department of Trade and Industry is lining up tax relief and automation incentives to keep Philippine garment exporters competitive as costs rise and regional rivals move faster.