Foreign direct investments (FDI), the kind that stays invested for the long haul and generates employment for Filipinos, is seen aggregating USD 500 million this year...
The daily minimum wage in Metro Manila for private sector workers will increase by P35 starting July 17, a salary adjustment that will directly impact 988,243 minimum wage earners and may also affect around 1.7 million employees paid higher salaries.
Think tank and Fitch Group unit BMI said the Manila decision reducing the tariff on imported rice could help push the price of the staple higher in global markets.
The national government recorded a wider budget deficit of P174.9 billion in May as the 22 percent increase in spending outpaced the 15 percent growth in revenue.
Jollibee Foods Corporation’s subsidiary, Jolli‑K Co., Ltd., will fully acquire All Day Fresh Co., Ltd., the operator of South Korea’s top hot pot brand, Shabu All Day, in a deal valued at around US$87 million.
The Department of Environment and Natural Resources (DENR) has awarded the SM Group for its strong support of the Extended Producer Responsibility (EPR) Program aimed at cutting plastic waste.
MPower, the retail electricity supplier of Manila Electric Company (Meralco), has expanded its partnership with Mr. Freeze Tube Ice Inc. by enrolling four more ice plants under the Retail Aggregation Program (RAP).