Tag: Metro Manila

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PCCI warns NCR wage hike May lift prices, cut jobs

The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly approved minimum wage increase in Metro Manila could fuel inflation, squeeze exporters and eventually dampen employment as businesses grapple with rising labor costs.

Metro Manila minimum wage jumps by record P85

More than 1.1 million minimum wage earners in Metro Manila will receive a record P85 daily wage increase in two tranches starting July 19, giving workers an immediate pay boost while allowing employers more time to adjust to higher labor costs.

Affordable housing fuels Metro Manila condo recovery

Metro Manila’s residential condominium market is beginning to show signs of recovery, largely fueled by sustained demand for affordable housing—even as vacancy rates remain elevated, according to Colliers Philippines.

Vacancies rise as office, condo markets cool—Colliers

Metro Manila’s property market is turning cautious, with office leasing decisions slowing and condominium developers dialing back new launches as vacancies climb, according to Colliers Philippines.

Maynilad eyes 20% NRW via P7.7B push

Maynilad Water Services, Inc. is stepping up efforts to cut water losses, targeting Non-Revenue Water (NRW) levels of 25 percent by 2027 and 20 percent by 2030. The move aligns with regulatory commitments and long-term goals for reliable, sustainable service in Metro Manila’s West Zone.

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VinFast brings updated electric VF 8 SUV to Manila

VinFast has introduced its updated VF 8 electric SUV in the Philippines, pricing the five-seater from P1.55 million with a battery subscription or P1.79 million with the battery included.

October US inflation raises Fed rate hike stakes

US consumer prices rose more than expected in October, strengthening expectations that the Federal Reserve will raise interest rates next month, lifting yields and pressuring equities.

Pax Silica hub agreement still targeted for yearend signing

The Philippines remains hopeful of signing the master agreement for the proposed Pax Silica advanced manufacturing hub before yearend, with negotiations progressing and no major substantive issues threatening a deal, Trade Undersecretary Ceferino Rodolfo said.

Foreign direct investments drop to $4.8 billion in first eight months of 2026

Foreign direct investment (FDI) into the Philippines recorded a net inflow of $4.8 billion during the first eight months of 2026, dropping from the $5.9 billion registered in the same period last year, the Bangko Sentral ng Pilipinas (BSP) on Tuesday reported.

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