Tag: Pope Francis

The Philippines' unemployment rate climbed to 4.8 percent in May, the highest in a year, as fewer Filipinos found work despite a modest month-on-month increase in employment, underscoring persistent cracks in the labor market. 

Canadian institutional investor British Columbia Investment Management Corp. (BCI) is exploring a bigger investment footprint in the Philippines, expanding its focus beyond telecommunications infrastructure as it seeks opportunities in sectors poised for long-term growth.

Aboitiz InfraCapital Bohol Airport Corp, (ABAC) is strengthening operational reliability at Bohol–Panglao International Airport by investing in internationally accredited technical training for personnel responsible for one of aviation's most critical—but least visible—safety systems.

The US launched military strikes against Iran on Tuesday after accusing Tehran of attacking three commercial vessels transiting the Strait of Hormuz, escalating tensions in the Middle East. The US Central Command (CENTCOM) said the strikes were intended "to impose heavy costs" on Iran for targeting civilian-crewed commercial shipping in international waters, calling the attacks "a clear violation of the ceasefire." Earlier, the US Treasury Department barred new sales of Iranian oil after July 7, tightening sanctions. The twin developments sent global oil prices higher amid fears of renewed disruption to shipping through the critical energy corridor.