Business & Finance

THE Philippines’s outstanding debt as of end-October climbed to a fresh record high of P13.64 trillion due to net availment of both local and external loans. The post PHL debt at end-October hits record-high P13.64 trillion first appeared on BusinessMirror.

THE Philippines’s metallic production this year may breach the P200-billion mark for the first time in history, driven by elevated world prices and improved mine output. The post Metallic yield may breach P200B in 2022 first appeared on BusinessMirror.

THE country’s manufacturing output posted its fifth consecutive month of positive growth in October, according to the latest Monthly Integrated Survey of Selected Industries (MISSI) of the Philippine Statistics Authority (PSA). The post Manufacturing posts 5th month of growth, up 5.1% in October […]

LEADERS  of the House of Representatives and economic managers have agreed to remove the Government Service Insurance System (GSIS) and Social Security System (SSS) as fund contributors to the proposed Maharlika Wealth Fund (MWF) and instead utilize profits of the Bangko Sentral ng Pilipinas […]

TODAY’S hard times make it difficult for Filipino workers to “lose” or change their jobs, no matter if they are of poor quality, and this may have led to an increase in employment and a decline in unemployment in October, according to local economists. The post ‘Poor-quality jobs helped […]

A LABOR group is seeking accountability from the participants of the European Union-Association of Southeast Asian Nations (ASEAN) Commemorative Summit in Brussels next week on the issue of climate change and labor rights. The post ‘Countries in Brussels summit must address climate, labor […]

MORE frequent extreme weather incidents prompted the Climate Change Commission (CCC) on Wednesday to call for the conduct of “disaster drills.” The post Climate-tied drills are also a must, says CCC chief first appeared on BusinessMirror.

EFFORTS to reduce debts should be implemented even among middle-income countries like the Philippines as external debt levels have significantly risen during and after the pandemic, according to the World Bank. The post World Bank flags debt spike even in mid-income countries like PHL first […]

NATIONAL Treasurer Rosalia V. De Leon has joined the calls to scrutinize the proposed Maharlika Wealth Fund (MWF) while pointing out that the current version of the fiscal measure already has numerous safety measures to ensure prudent use of national government’s coffers. The post BTr chief seeks […]

THE national government seized more than P80 million worth of smuggled agricultural products in two separate operations recently. The post Govt seizes ₧83.193M worth of smuggled agricultural goods first appeared on BusinessMirror.

DAVAO CITY—The Bureau of Customs (BOC) Port of Davao has started talks on further expanding and modernizing the Sasa wharf to maximize efforts on trade facilitation and revenue collection, the agency said on Tuesday. The post BOC-Davao start talks on Sasa Port expansion first appeared on […]

LABOR groups on Wednesday said they expect the recent improvements in the country’s labor force indicators will only last until the Christmas season due to lack of a comprehensive employment plan from the government. The post Jobs market rally seen to fizzle out next year first appeared on […]

ONLY workers, who will report for work during the nationwide celebration of the Feast of Immaculate Conception of Mary Thursday, will be entitled to additional pay, according to the Department of Labor and Employment (DOLE). The post DOLE issues holiday pay rule for Mary’s Dec. 8 Feast first […]

THE Commission on Appointments on Wednesday approved the ad interim appointments and nominations of 60 foreign service officers, including 11 ambassadors led by former Foreign Affairs Secretary Teodoro “Teddyboy” L. Locsin Jr. The post CA confirms Locsin, Florcruz, DOE’s Lotilla, DOST’s […]

THE rate of the Bangko Sentral ng Pililipinas’ (BSP) term deposit facility rose anew on Wednesday and appetite was for the shorter-dated tenor. The post BSP’s term deposit facility rates rise anew first appeared on BusinessMirror.

THE Philippines posted a record-high $655.15 million in sales from its generated export transactions in November with the Chinese market. The post PHL yields $655-M export sales in China trade fair first appeared on BusinessMirror.

SHIPPING line owner Doris Magsaysay-Ho is recommending that the government adopt the concept of a “portropolis”—a play on “ports” and “metropolis”—and view ports from a different perspective. The post Doris Magsaysay-Ho’s pitch:Adopt ‘portropolis’ concept first appeared on […]

THE Philippine Exporters Confederation Inc. (Philexport) said the launch of the Philippine Export Development Plan (PEDP) for 2023-2028 has been delayed because it is still being reviewed by the Department of Trade and Industry (DTI). The post Exports roadmap launchingstalled; DTI review awaited […]

THE Senate has unanimously adopted Concurrent Resolution (SCR) 5 seeking to establish the Philippine Congress-Bangsamoro Parliament Forum. The post Senate OKs Philippine Congress, Bangsamoro Parliament Forum first appeared on BusinessMirror.

DAVAO CITY—The head of the Reproductive Health and Wellness Center (RHWC) here urged residents to avail of the free testing and treatment of the human immunodeficiency virus (HIV) before the onset of symptoms to improve their chance of fighting the disease. The post Davao official: Check for HIV […]