Category: Business
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NEDA Highlights Competition Policy’s Role in Boosting Agricultural Resilience
At the 2025 Manila Forum on Competition in Developing Countries, NEDA Secretary Arsenio Balisacan emphasized the critical role of competition policy in enhancing the efficiency and resilience of the agriculture sector. Speaking on February 5, Balisacan highlighted how competition enforcement and related policy tools are vital for advancing agricultural development in developing economies, especially under…
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PAGCOR and San Miguel Corporation Begin Construction on New P2.45 Billion Corporate Hub
In a significant development for the Philippine Amusement and Gaming Corporation (PAGCOR), the organization, alongside San Miguel Corporation (SMC), commenced the construction of a new corporate center in Pasay City on February 6, 2025. The groundbreaking ceremony was led by PAGCOR’s chair and CEO, Alejandro Tengco, and SMC’s chair, Ramon Ang, marking the start of…
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BMI Forecasts Robust Growth in Philippine Consumer Spending
MANILA – BMI, a subsidiary of Fitch Solutions, anticipates a robust increase in consumer spending throughout the current year, fueled by the country’s strong economic performance. The firm projects a rise in real household spending from 5.0 percent in 2024 to 5.3 percent in 2025, according to a report released on Thursday. BMI estimates that…
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Philippines Achieves Lowest Unemployment Rate Since 2005 in 2024
In a significant milestone for the Philippine economy, the unemployment rate dropped to a historic low of 3.8% in 2024, the best figure since 2005, according to the Philippine Statistics Authority (PSA). This achievement was highlighted during the ‘Trabaho sa Bagong Pilipinas’ job fair held at the Rizal Memorial Sports Complex in Manila on January…
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Finance Secretary Optimistic About Economic Growth as Inflation Stays Low
Finance Secretary Ralph Recto expressed optimism about the Philippine economy’s future, citing the country’s stable inflation rate as a key factor that could lead to further interest rate cuts by the Bangko Sentral ng Pilipinas (BSP). According to the Philippine Statistics Authority, the nation’s headline inflation held steady at 2.9 percent, while core inflation, which…
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January’s Steady Inflation Boosts Philippine Stock Market and Peso
In Manila, the consistent inflation rate recorded in January bolstered investor confidence, leading to a positive performance in both the Philippine Stock Exchange and the local currency on Wednesday. The Philippine Stock Exchange index (PSEi) saw a significant rise of 3.15 percent, closing at 6,281.08, while the All Shares index also advanced by 2.18 percent…
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Philippines Bolsters Global Trade Ties Under Marcos Jr.’s Leadership
MANILA – Under the guidance of President Ferdinand R. Marcos Jr., the Philippines is intensifying its international trade relationships to boost investment and enhance export earnings. Trade Secretary Cristina Roque highlighted this strategy during her address at the Parliamentary Intelligence-Security Forum, underscoring the nation’s pivotal role in the Indo-Pacific region. Roque pointed out that the…
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Bangko Sentral ng Pilipinas Joins Forces with Palawan Group to Expand Piso Caravan Initiative
In a significant move to enhance financial accessibility across the Philippines, the Bangko Sentral ng Pilipinas (BSP) has teamed up with the Palawan Group of Companies (PGC). This collaboration aims to extend the reach of the Piso Caravan, a program designed to facilitate the exchange of damaged or unfit banknotes and coins for usable currency.…
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PAGCOR Unveils Two New Socio-Civic Centers in Davao de Oro
The Philippine Amusement and Gaming Corporation (PAGCOR) has recently opened two new socio-civic centers in the towns of Maragusan and New Bataan, located in Davao de Oro province. The inauguration took place on January 23, 2025, with each center constructed using a budget of PHP50 million. These facilities are designed to provide safe havens during…
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