Business News
The Philippines has regained its position as Southeast Asia’s (SEA) fastest-growing internet economy, according to the latest Google, Temasek, and Bain & Company report. The 9th edition of the Google e-Conomy SEA Report highlights a 20% growth in the digital economy, with Gross Merchandise Value rising from $26 billion to $31 billion in 2024. The…
HONOR Philippines dropped HONOR X7c at a splashing price of just Php 8,999. From November 7 to 10, you can get a FREE HONOR Gift Camping Light Speaker for every purchase! Run to the nearest HONOR Experience and Partner Stores or online via Lazada (https://bit.ly/Laz_X7c_PR), Shopee (https://bit.ly/Shop_X7c_PR), and TikTok Shop (https://bit.ly/TikTok_X7c_PR). “The HONOR X7c represents…
AFA representatives from Korea, Malaysia, Hong Kong, Cambodia, and Taiwan engaged in a hybrid panel discussions on the current state of fraud in Asia and anti-fraud strategies at FinTechOn 2024. Over 40% of Asians encounter scams monthly, with Hong Kong and Thailand encountering the scams most frequently, exposing 90% of their citizens to various frauds…
U.S. stocks soared to record highs on Wednesday following Donald Trump’s presidential victory, with the Dow Jones, S&P 500, and Nasdaq all hitting new closing peaks. The Dow jumped 3.6% (more than 1,500 points), the S&P 500 gained 2.5%, and the Nasdaq rose 3%. The Russell 2000 surged 5.8%, its largest gain in two years….
Tesla will open its first store in the Philippines on November 9, marking a major step in the company’s expansion across Southeast Asia. The new location, situated at the Uptown Mall in Taguig City, will serve as a hub for electric vehicle (EV) sales and Tesla’s energy products. The official opening follows earlier reports that…
The Bureau of Customs (BOC) – Port of Clark seized PhP729,000 worth of high-grade “Kush” misdeclared as garments. The operation was conducted in coordination with the Philippine Drug Enforcement Agency (PDEA), the Philippine National Police – Aviation Security Group (PNP-AVSEG), the National Bureau of Investigation (NBI) Pampanga District Office, the Department of Justice (DOJ), and…
According to the Philippine Statistics Authority (PSA), the country’s total external trade in goods rose 3.0% to $17.60 billion in September from $17.09 billion in the same month last year. The PSA said that of the total external trade during the month, 64.4% were imported goods, while the remaining 35.6% were exported goods. Export sales…
The sharp drop in unemployment to 3.7% in September is setting the stage for the Philippines to fully harness its demographic sweet spot, finance secretary Ralph G. Recto said, describing the country’s population as its “greatest asset to fuel long-term economic growth.” “With the most favorable demographics in ASEAN, the Philippines is at a golden…
With a firm commitment to financial inclusion and enabling access to wealth-building tools, Fasset, in partnership with Coins.ph, announces the launch of “Pinoy Send,” an innovative new feature for Filipino expatriates living in the UAE. Starting November 4th, the service will allow Fasset users to send up to P50,000 to the Philippines within five to…
Pru Life UK makes history when it receives the country’s first Takaful (Islamic insurance) license from the Insurance Commission. Filling in the long-standing gap for Shari’ah-compliant insurance, this breakthrough is set to advance financial inclusion, especially for the over seven million Muslim Filipinos, and support the government’s efforts to promote and develop Islamic finance. Takaful,…