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.
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.
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.
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 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.
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.
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.
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 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.