The rate at which prices change across the Philippines, more known as inflation, accelerated to 2.5 percent in November, from only 2.3 percent in October, the Philippine Statistics Authority reported on Thursday.
Early Monday, PLDT announced the “voluntary retirement” of veteran journalist Catherine Yap-Yang, a first vice president and head of the company’s corporate communications group. Her retirement took effect December 1.
The sustainable bond market in the ASEAN+3 region experienced significant growth in the third quarter, with outstanding sustainable bonds reaching USD893.1 billion by the end of September, according to data collected by the Asian Development Bank’s Asia Bond Monitor.
The United Sugar Producers Federation (Unifed) has called for immediate government action to address the alarming decline in mill price of sugar, which is threatening the livelihood of local farmers.
Colliers, a leading diversified professional services and investment management company, said its latest data for the third quarter reveals that unsold condominium inventory in Metro Manila has ballooned to 75,300 units, including both pre-selling and ready-for-occupancy units.
Initial damage to the agriculture sector from Typhoon Tino has reached ₱13.26 million, affecting 742 farmers and 552 hectares of farmland, according to a 2 p.m. report Thursday from the Department of Agriculture.
The average price of electricity at the Wholesale Electricity Spot Market (WESM) soared by 49.4 percent in October, reaching ₱4.54 per kilowatt-hour (kWh) from ₱3.04/kWh in September, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Public Works Secretary Vince Dizon has lodged two additional complaints before the Philippine Competition Commission (PCC) for a preliminary inquiry into alleged bid rigging and project manipulation involving two contractors and three project contracts in Davao Occidental and La Union.