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    Philippine jobless rate steady at 3.1% in December

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    The Philippines’ unemployment rate remained steady at 3.1 percent in December 2024, matching the rate recorded in December 2023, despite a drop from 3.2 percent in November 2024. While the number of unemployed individuals rose to 1.63 million in December, up from 1.60 million a year earlier, it marked a decrease from the 1.66 million recorded in November.

    Tourist arrivals breach 600,000 mark  in January

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    Visitor arrivals in the Philippines surged 9.1 percent year-on-year to 626,900 in January 2025, marking the first time since the pandemic that arrivals breached the 600,000 mark in a single month, according to data from the Department of Tourism (DoT). 

    Inflation steadies in January

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    Inflation, or the rate of change in prices, steadied at 2.9 percent in January, according to latest price readings by the Philippine Statistics Authority.

    Empty Metro Manila office space pushes higher in 2024

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    JLL Philippines, a leading global real estate services firm, reported a significant rise in office space vacancies across Metro Manila in 2024, attributed to the government's crackdown on Philippine online gaming operations.

    DA cuts MSRP on imported rice to P55/kilo from Feb. 5

    Agriculture Context.ph Context.ph -
    The Department of Agriculture will reduce on Wednesday, February 5, the maximum suggested retail price of imported rice to P55 per kilo, providing much-needed relief to consumers struggling with the high cost of the food staple. The MSRP was previously set at P58 per kilo.
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    IR Impact names SM Investments’ annual report best in region

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    SM Investments Corporation, the parent company of the SM Group, was named Best Annual Report at the IR Impact Awards – Southeast Asia held in December 2025. The award recognizes the company’s strong reporting and disclosure practices, particularly its integrated report, which clearly explains its business strategy, performance, governance, and long-term plans for creating value.

    Mitsubishi seeks to fast-track CARS claims

    Economy 0
    Mitsubishi Motors Philippines Corp. (MMPC) said it will work closely with government agencies to ensure the swift processing and release of its incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program, following President Ferdinand Marcos Jr.’s veto of the program’s proposed 2026 budget allocation.

    House lawmakers meet IAEA chief to advance nuclear energy agenda

    Energy 0
    A member of the House of Representatives recently met with International Atomic Energy Agency (IAEA) director general Rafael Mariano Grossi to discuss the potential role of nuclear energy in addressing the country’s ongoing power challenges.

    Globe sets up battery hubs to keep network running during typhoons

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    Globe Telecom Inc. is deploying battery charging hubs in typhoon-prone areas of South Luzon and Bicol to help keep mobile and internet services running during power outages.

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Investor pullback seen behind rise in unemployment

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    The privately owned umbrella group Employers Confederation of the Philippines (ECOP) said the recent rise in unemployment is largely due to the corruption scandal that has shaken investor confidence in the country.
    Corporate Bulletins

    IR Impact names SM Investments’ annual report best in region

    0
    SM Investments Corporation, the parent company of the SM Group, was named Best Annual Report at the IR Impact Awards – Southeast Asia held in December 2025. The award recognizes the company’s strong reporting and disclosure practices, particularly its integrated report, which clearly explains its business strategy, performance, governance, and long-term plans for creating value.
    Economy

    Mitsubishi seeks to fast-track CARS claims

    0
    Mitsubishi Motors Philippines Corp. (MMPC) said it will work closely with government agencies to ensure the swift processing and release of its incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program, following President Ferdinand Marcos Jr.’s veto of the program’s proposed 2026 budget allocation.
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