Philippines Report

Browsing the "Business" Category

DOTr Opens P145M Davao Bike Lane

DOTr Opens P145M Davao Bike Lane

Transportation (DOTr) Secretary Art Tugade has opened the P145.371 million bike lane in Davao City which spans 54.744 kilometers. It was part of the government’s P1.09 Billion Bayanihan Bike Lane Networks project, 497 kilometers of pavement markings, physical separators and [...]

July 21, 2021 Business
PH seen staying on growth track in Q3

PH seen staying on growth track in Q3

The Philippines is seen avoiding a slowdown in its economic rebound in the third quarter amid relatively lower COVID-19 infections compared to its neighbors suffering from surges and with mass vaccination picking up, UK-based think tank Pantheon Macroeconomics said. The [...]

July 20, 2021 Business
PNR Calamba to employ over 10,000

PNR Calamba to employ over 10,000

The Philippine National Railways (PNR) Calamba Project, the ₱344.6 billion South Commuter train line, will generate over 10,000 direct jobs once its construction starts next year, Department of Transportation (DOTr) Secretary Arthur Tugade last night (July 13) announced. The project [...]

July 14, 2021 Business
Billionaire Branson achieves space dream

Billionaire Branson achieves space dream

British billionaire Richard Branson flew into space Sunday aboard a Virgin Galactic vessel, a voyage he described as the “experience of a lifetime” — and one he hopes will usher in an era of lucrative space tourism. The mission’s success [...]

July 12, 2021 Business
Why China is investigating tech firms like Didi

Why China is investigating tech firms like Didi

Chinese regulators have clamped down on the country’s largest ride-hailing app, Didi Global Inc., days after its shares began trading in New York. Authorities told Didi to stop new registrations and ordered its app removed from China’s app stores pending [...]

July 7, 2021 Business
Global tax deal backed by 130 nations

Global tax deal backed by 130 nations

A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up. The Organization for Economic Co-operation and [...]

July 2, 2021 Business
Inflation has potential to climb 4.7% in June

Inflation has potential to climb 4.7% in June

Higher power costs and a slightly weaker currency likely stoked faster consumer price growth in June, although the spike was likely cushioned by more affordable food items. In a statement on Wednesday, the Bangko Sentral ng Pilipinas said it expects [...]

June 30, 2021 Business
BDO Remit donates hygiene kits for OFWs

BDO Remit donates hygiene kits for OFWs

In celebration of Migrant Worker’s Day, BDO Unibank’s remittance service brand BDO Remit recently donated hygiene kits to the community pantry set up by Philippine Overseas Employment Administration’s (POEA). “AS COVID-19 continues to adversely impact the lives of millions of [...]

June 25, 2021 Business
Philippines Inc. mourns death of former President Noynoy Aquino

Philippines Inc. mourns death of former President Noynoy Aquino

Business groups on Thursday joined the rest of the country in mourning the death of former President Benigno “Noynoy” Aquino III, whose administration they admire for stabilizing the economy. “It is with great sadness that we learn of the passing [...]

June 24, 2021 Business
Tokyo's Nikkei opens down over 2% on US rout

Tokyo’s Nikkei opens down over 2% on US rout

Tokyo’s key Nikkei index tumbled just over three percent after the open on Monday, tracking losses on Wall Street as investors digested Federal Reserve messaging on more restrictive monetary policy. The benchmark Nikkei 225 index was down 3.01 percent or [...]

June 21, 2021 Business