Inflation, or the rate of change in prices, slowed to only 3.9 percent in December from 4.1 percent the previous November, according to the Philippine Statistics Authority.
Heavyweight advocates and thought leaders at the Foundation for Economic Freedom (FEF) called on government on Thursday to lift decades-old Constitutional prohibitions they assert serve only as binding constraints to the economic growth and development of the country.
The outstanding debt of the national government in November stood at P14.51 trillion, up P27.92 billion from the level in October due mainly to the net issuance of treasury debt papers in the domestic capital market for budget support.
The Philippines surpassed its international visitor arrivals in 2023, recording 5.45 million foreign tourists that contributed an estimated P482.54 billion to the economy, Tourism Secretary Christina Garcia Frasco said.
The Philippines is hopeful of being taken off the money laundering 'grey list' of the Financial Action Task Force (FATF) of this year, the country's Anti-Money Laundering Council said on Tuesday.
The Philippines and Brunei Darussalam have signed a new memorandum of understanding (MOU) to enhance cooperation in the agriculture and fisheries sectors, the Department of Agriculture (DA) announced Tuesday.
Filinvest Development Corp. (FDC), the listed investment holding company of the Gotianun Group, has approved a plan to consolidate several wholly-owned subsidiaries under its hospitality division as part of an internal corporate restructuring initiative.
MPower, the retail electricity supply arm of Meralco, has expanded its partnership with Mr. Freeze Tube Ice Inc. by transitioning several of the latter’s ice plants into its Retail Aggregation Program (RAP).
Aboitiz InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, reaffirmed its long-term commitment to Mindanao at two key events in Davao City last September: the Davao Investment Conference (Davao ICON) 2025 and the Mindanao PPP Facilitation Initiative launch.