Unemployment rate in the Philippines eased in May to 4.1 percent from 4.3 percent in the same period last year as the economy generated more jobs, helped by increased spending on infrastructure development.
Outstanding Philippine national government (NG) debt totalled P15.35 trillion in May, an increase of P330.39 billion, or 2.2 percent, from end-April level. This was primarily attributed to the impact of local currency depreciation on the value of NG's foreign-currency denominated debt.
The Department of Transportation (DOTr) plans hailing CRRC Dalian, the Chinese train manufacturer, before the Court of Arbitration in Singapore over alleged non-compliant trains delivered to the MRT-3 system but have never been used.
The country’s gross international reserves (GIR) level, an indicator of capacity to pay the country's obligations as and when they fall due, eased to USD104.70 billion as of end-June 2024 from the year-ago level of USD105.02 billion.
The Philippines' headline inflation moderated to 3.7 percent in June 2024 from 3.9 percent in May, signaling a slight deceleration in overall price level
Jose Teodoro “TG” Limcaoco is the President and Chief Executive Officer of the Bank of the Philippine Islands (BPI), a role he assumed in April 2021. He leads one of the country’s oldest and largest banks, chairs key management and credit committees, and oversees BPI’s banking, asset management, insurance, and international subsidiaries. Beyond BPI, he serves as Chairman of the Bankers Association of the Philippines and Philippine Payments Management Inc., making him one of the most influential figures in Philippine banking today.
Century Properties Group Inc. said it has received a pre-effective letter from the Securities and Exchange Commission (SEC) favorably considering the company’s shelf registration of debt securities worth up to P12 billion, a key step toward tapping the domestic bond market.
The Department of Trade and Industry has renewed its push for digital inclusion, sealing a fresh partnership with PLDT and Smart Communications to accelerate the digital transformation of Philippine micro, small and medium enterprises.
AIA Investment Management and Trust Corporation Philippines (AIAIM Philippines) is making noise in the fixed-income space after clinching Top Investment House recognition from The Asset, proving that disciplined bond investing still packs a punch.