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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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GSIS, TESDA train 15 Cebu dependents in automotive skills for jobs, livelihood

Education, Health & Science 0
The Government Service Insurance System (GSIS), working with the Technical Education and Skills Development Authority (TESDA), has provided automotive servicing training to 15 dependents of GSIS members and pensioners in Cebu, opening pathways to employment, steady income, and small business ownership.

FDC net income dips 6% in first nine months even as revenues climb 10% 

Corporate 0
Filinvest Development Corp., the listed holding company of the Gotianun group, reported Thursday that its attributable net income slipped 6 percent to P10.8 billion in the first nine months of the year, from P11.48 billion recorded in the same period last year. Despite the slight decline in bottom-line earnings, total revenues and other income rose 10 percent year-on-year to reach P99 billion, up from P81.18 billion a year earlier.

First Gen nine-month recurring net income rises slightly to P12.5B amid portfolio shift

Corporate 0
First Gen Corp. posted a attributable recurring net income of P12.5 billion for the first nine months of 2026, edging higher from the P12.1 billion recorded in the same period a year earlier, the company announced Thursday.

Citicore Renewable net income more than doubles to P2.15B in 9 months

Energy & Mining 0
Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.

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