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Long haul foreign investments seen rounding 2024 as net inflows of $9.5 billion

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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...

Metro Manila daily minimum wage increases by P35 on July 17

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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.

Fitch Group unit BMI cites EO 62 adverse impact on global rice price

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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.

Government budget deficit widened in May to P174.9 billion on higher spending

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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.

BDO’s Nestor V. Tan headlines BANCNET board directors

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The shareholders of electronic banking consortium BancNet have elected new directors to its board during their annual meeting held 18 June 2024.
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DA backs hog raisers with import restrictions and tariff reform support 

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Department of Agriculture Secretary Francisco Tiu Laurel Jr. has pledged strong support for Filipino hog raisers suffering from steep financial losses caused by cheap foreign pork and dropping farmgate prices.

Fuel prices split again: gasoline drops while diesel spikes 

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Consumers and business owners face another week of contrasting fuel prices as global supply tensions continue to ripple through local pumps. Gasoline prices are projected to decrease by up to ₱1.00 per liter, offering mild relief to private motorists, while diesel prices are expected to rise significantly by up to ₱3.00 per liter, according to estimates from Jetti Petroleum.

DigiPlus plans up to 60 new games next year, pushes local content and original franchises 

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DigiPlus Interactive Corp. aims to launch as many as 60 new games next year, expanding its lineup as competition heats up in the Philippine online gaming space. The company is also stepping up its focus on original, locally developed titles rather than relying on foreign content, setting it apart from many industry peers.

Analog TV in Mega Manila to shut down November 22

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The National Telecommunications Commission (NTC) has confirmed analog television broadcasts in Mega Manila will officially cease on November 22, 2026, marking a major milestone in the country’s shift to digital TV. Deputy Commissioner Alvin Blanco said the target date is firm, and that television networks have been preparing public service announcements and information materials to help people get ready for the change.

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