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MANILA, Philippines — The jobless rate climbed to a “record-high” of 17.7 percent at the height of the COVID-19 lockdown in April, the government reported Friday. Citing the preliminary results…
Villar-led one-stop-shop home store AllHome Corp. grew its first quarter net profit by 30 percent year-on-year to P270.2 million, driven by sales from new stores that opened late last year,…
BPI prexy Cezar Consing Ayala-led Bank of the Philippine Islands has institutionalized a sustainable funding framework, expanding the green finance blueprint laid out last year, as it vowed to support…
Wall Street paused on Thursday, and the S&P 500 fell for the first time in five days as stocks that had held steadiest through this year’s feverish swings gave back…
The local stock barometer rallied past a key barrier at 6,500 on Thursday to close at its highest level since the COVID-19 pandemic hit local shores in March. Tracking upbeat…
Digital payments made through two of the country’s largest electronic fund transfer infrastructures surged to a record during the tightest period of the national lockdown imposed to prevent the spread…
While nationwide poverty incidence fell to 16.6 percent in 2018 and was reflected across 11 basic sectors, Filipinos living and working in the countryside remained poorer compared with those in…
Incoming foreign-led projects approved by the country’s seven investment promotion agencies (IPAs) slid 36.2 percent to P29.4 billion in the first quarter, the tail end of which was marked by…
The Philippines is seen as among the emerging markets to be hit by an up to 30-percent drop in remittances, based on the projection of Washington-based Institute of International Finance…
More than 40 local and foreign business groups, including the Philippine Chamber of Commerce and Industry and the American Chamber of Commerce of the Philippines, have urged Congress to pass…
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