Tourist arrivals in the Philippines surged by 14 percent year-on-year in the first five months of this year, reaching 2.56 million, despite a double-digit decline in the arrivals of Filipinos living overseas, based on data from the Department of Tourism.
The National Food Authority (NFA) has purchased 3.32 million 50-kilo bags of palay as of 5 June this year of which over 3.17 million bags were purchased from rice farmers the past six weeks.
Fitch Ratings has kept the country's standing as an investment grade issuer or one whose sovereign debt is rated a triple B or BBB, the Bangko Sentral ng Pilipinas said.
Monetary board member Anita Linda Aquino, just under four years as member of the policy-making body of the Bangko Sentral ng Pilipinas, has resigned in the wake of a scandal involving ghost central bank employees.
Philippine inflation slowed for a second straight month in July, reinforcing expectations that price pressures are gradually easing even as households continue to grapple with elevated costs for food, electricity and transport.
VinFast Philippines and Green GSM Philippines are positioning their Rentapasada program as a lower-cost path into the ride-hailing business, using electric vehicles to reduce both the upfront investment and day-to-day operating expenses that often discourage aspiring TNVS drivers.
Globe Telecom shrugged off a tougher economic backdrop to post record second-quarter revenues, with surging demand for mobile data, fiber broadband and enterprise digital services cushioning an earnings decline due largely to one-off items.
Bribery has emerged as the impeachment allegation against Vice President Sara Duterte that Filipinos consider the most serious, according to the latest nationwide survey by OCTA Research. The findings suggest the public distinguishes among the allegations rather than viewing the impeachment case as a single political issue.