People attend a job fair inside a mall in Manila, Feb. 7. The unemployment rate stood at 4.3% in January, the highest in six months. — PHILIPPINE STAR/EDD GUMBANBy Chloe Mari A. Hufana, ReporterTHE PHILIPPINES’ unemployment rate in January rose to its highest level in
The Philippines is expected to have kept its spot as the seventh-largest market for instant-noodles, having consumed 4.39 billion servings in 2024, according to the World Instant Noodle Association. — REUTERSBy Kyle Aristophere T. Atienza, ReporterLILY G. TERRENIO, 55, stocks up on instant noodles, powdered
A meat vendor waits for customers at the Arranque Market in Manila, Jan. 14. Inflation eased to 2.1% in February. — PHILIPPINE STAR/EDD GUMBANBy Luisa Maria Jacinta C. Jocson, ReporterTHE BANGKO SENTRAL ng Pilipinas (BSP) has more room to further reduce interest rates due to
PHILIPPINE STAR/EDD GUMBANBy Aubrey Rose A. Inosante, ReporterTHE BUREAU of Customs (BoC) is confident it can meet its P1.06-trillion collection goal this year, despite lower tariffs on rice, electric vehicles (EV) and other commodities.BoC Assistant Commissioner Vincent Philip C. Maronilla told BusinessWorld that the agency
Department of Finance Assistant Secretary Neil Adrian S. Cabiles — Photo by Jayson John MariñasBy Jomarc Angelo M. Corpuz, Special Features and Content WriterThe Philippine Stock Exchange (PSE) has been on a downtrend since peaking at a little over 9,000 points in 2018. Despite periodic
L-R: Unicapital Group SVP for Investment Banking Pamela Victoriano, BDO Securities Corp. Head Trader Jasper M. Jimenez, and BusinessWorld Research Head Mark T. Amoguis (moderator) — Photo by Jayson John MariñasBy Jomarc Angelo M. Corpuz, Special Features and Content WriterInvestors and traders are always on
DEPARTMENT OF TRANSPORTATIONTHE Department of Transportation (DoTr) said it is evaluating the final termination of its contract with the contractors of the Unified Grand Central Station at North Avenue-EDSA, Quezon City, also known as the common station for the Metro Rail Transit (MRT) and Light
ACLOGISTICS.COM.PHBy Revin Mikhael D. Ochave, ReporterDENMARK-BASED logistics giant A.P. Moller is acquiring up to 40% of Ayala Corp.’s logistics subsidiary AC Logistics Holdings Corp.A.P. Moller Capital, through EMIF II Holding III B.V., will acquire the stake in AC Logistics under a share subscription agreement, subject
Megawide eyes April 14 listing for P6-B share offer - BusinessWorld Online MEGAWIDE.COM.PHSAAVEDRA-LED Megawide Construction Corp. is eyeing an April 14 listing on the Philippine Stock
ICTSI.COMRAZON-LED International Container Terminal Services, Inc. (ICTSI) saw its 2024 attributable net income surge by 66.1% to $849.80 million from $511.53 million a year earlier, driven mainly by its operations in Asia.“The group has delivered another set of excellent results… giving us the financial strength
VITRO STA. ROSA — EPLDT.COMBy Sheldeen Joy Talavera, ReporterPOWER DISTRIBUTOR Manila Electric Co. (Meralco) is aiming to supply approximately 35 megawatts (MW) of power to data centers this year amid rising demand for digital infrastructure.Over the next decade, or until 2035, the company aims to
photo by Almira Louise S. Martinezby Almira Louise S. Martinez, ReporterAlthough the Philippines has no formal diplomatic ties with Taiwan, the two countries have maintained a strong relationship, especially in tourism.In 2024, the Taiwan Tourism Administration (TTA) ranked the Philippines as the fifth largest source