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The country’s headline inflation rate rose to 6.9 percent in September, significantly higher than the 6.3 percent in August this year. This is the highest recorded inflation since October 2018, the Philippine Statistics Authority said Wednesday, Oct. 5, 2022. September [...]
Global tobacco company Japan Tobacco International (JTI) vowed to continue investing in the Philippines, including a substantial capital expenditure for next year, hiring of additional workers for its Global Business Service (GBS) center, and potential production of its heated e-cigarettes [...]
On Oct. 1, those who don’t have radio frequency identification (RFID) stickers in their cars or motorcycles can still use the Cebu-Cordova Link Expressway (CCLEX), as the management has postponed the start of the implementation of the full cashless toll [...]
Senators on Tuesday said they would consider the concerns from the business sector regarding a possible ban on Philippine offshore gaming operators (POGOs). Sen. Sherwin Gatchalian said the Senate committee on ways and means, which he heads, will set a [...]
The Department of Energy (DOE) said it has not approved yet the application of US firm Excelerate Energy for a permit to construct, expand, rehabilitate and modify (PECRM), which serves as the second-stage requirement for it to advance its proposed [...]
The $150-million Philippine Domestic Submarine Cable Network (PDSCN), the country’s longest domestic submarine fiber cable project, has landed on the shores of Siargao to boost the island’s recovery after Typhoon Odette and the prolonged pandemic. The 2,500 kilometer PDSCN, a [...]
State-run pension fund Social Security System (SSS) said there would be no more job losses even as the government moves forward with its plan to rightsize the bureaucracy. SSS president and CEO Michael Regino said the rightsizing bill, which is [...]
The Visayan Electric Company continues to secure posts and wires that were affected by super typhoon Odette in December last year. Raul Lucero, president and chief executive officer of Visayas Electric, said the cleanup had to take a backseat as [...]
A lawmaker demanded that the Department of Trade and Industry run after untaxed, imported vaping products that are being passed off as “toys” and “electronics” on online selling platforms. Albay Rep. Joey Salceda, chair of the House ways and means [...]
Stock markets hit reverse while the dollar shot higher Tuesday after data showing US inflation remains high and widespread. Wall Street shares plunged, with the Dow losing nearly 1,300 points and the S&P 500 falling 4.3 percent, after the hotter-than-expected [...]
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