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Overseas Filipinos’ remittances grew by 3.2 percent in September, matching August’s growth and marking the second-fastest rate this year. According to the Bangko Sentral ng Pilipinas (BSP), remittances reached $3.34 billion, up from $3.23 billion in September…
Philippine government-approved investments surged over sixfold in the third quarter of this year, with nearly 75 percent coming from local investors. According to the Philippine Statistics Authority (PSA), total approved investments from foreign and Filipino sources reached…
Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. Trump often railed on the campaign trail against hefty price increases for bacon, cereal, crackers…
CEBU CITY, Philippines — The Aboitiz InfraCapital (AIC) Economic Estates is empowered to do more as they reinforced their commitment to sustainable development and excellence after receiving a 5-star BERDE District Certification across all of their operating…
Most Filipino companies are investing in artificial intelligence (AI), but only a few are prepared to fully use its potential, according to a survey by global tech firm Cisco. Cisco revealed on Wednesday that 65% of local…
CEBU CITY, Philippines — After observing a drop in the inflation rate last September, Central Visayas saw an increase of up to 0.8 percent in October this year. According to the Philippine Statistics Authority in Central Visayas…
CEBU CITY, Philippines — To bolster diplomatic and economic ties, the Hungarian government has invited Cebu’s business community to join the Hungary Business Council which will take place in Metro Manila this December. A delegation from the…
The Philippines is expected to set a new record for rice imports this year and next, driven by growing demand from its increasing population. The US Department of Agriculture’s Foreign Agricultural Service (USDA-FAS) projects the country’s rice…
Remittances to the Philippines and income from the business process outsourcing (BPO) sector may be affected by U.S. President-elect Donald Trump’s strict immigration policies. Meanwhile, reduced security support from Washington could heighten tensions in the West Philippine…
MANILA, Philippines — Oil companies are expected to raise petroleum prices by up to P1.90 per liter next week. According to Rodela Romero, director of the Department of Energy’s Oil Industry Management Bureau, diesel prices may see…
Philippine inflation rose to 2.3 percent in October, driven by higher food and nonalcoholic beverage prices and a slower decrease in rice prices, according to the Philippine Statistics Authority (PSA). Preliminary PSA data showed inflation, measured by…
Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…
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