Business News
Ninoy Aquino International Airport (NAIA), the Philippines’ primary gateway, has once again been ranked the world’s worst airport in a recent study by Australian market monitoring firm Compare the Market. With an alarmingly low score of just 0.24 out of 10, NAIA placed last among 61 international airports, lagging behind in key categories such as…
The services sector continued to be the largest employer in the Philippines, accounting for 62.8% of the workforce in September 2024, followed by agriculture at 19.9%, and industry at 17.4%, according to the Philippine Statistics Authority. The biggest annual gains in employment were seen in administrative and support services (735,000); other service activities (559,000); wholesale…
The Philippine Statistics Authority announced on Wednesday that the unemployment rate dropped to 3.7% in September 2024, down from 4.5% a year earlier and 4.0% in August 2024. In terms of numbers, the number of unemployed individuals in September 2024 was 1.89 million, a decrease from 2.26 million in September 2023 and 2.07 million last…
The Department of Trade and Industry (DTI) launched the eReport system on Tuesday, a new feature within the eGovPH app that allows consumers to file complaints related to e-commerce transactions. DTI secretary Ma. Cristina Roque emphasized that the eReport system underscores the department’s commitment to safeguarding consumer rights in an increasingly digital economy. “This platform…
In line with its commitment to support digitalization in the country, Manuel V. Pangilinan-led Manila Electric Company (Meralco) developed a new switching station that will cater to the power requirements of VITRO Sta. Rosa is the country’s largest AI-ready hyperscale data center to date. Located in Laguna, the data center is owned by VITRO Inc.,…
The Philippine Bureau of Customs (BOC) played a pivotal role in the 34th Meeting of the World Customs Organization Asia/Pacific (WCO A/P) Regional Contact Points (RCP) in Hong Kong, China from October 21 to October 25, 2024. Since assuming the vice-chairpersonship of the WCO A/P in July this year, Hong Kong Customs has hosted its…
The Bureau of Customs (BOC) hosted a study visit from October 28, 2024, to October 30, 2024, for delegates from the United Nations Office on Drugs and Crime (UNODC) and customs officials from Southeast Asia, aimed at bolstering strategies in hazardous waste management. The visit, conducted under the Passenger and Cargo Control Programme (PCCP) of…
The Center for Strategic and International Studies (CSIS) suggested the creation of a comprehensive database of Philippine-U.S. trade, particularly investments, to further boost the economic ties of both nations. CSIS Southeast Asia Program research associate Japhet Quitzon said there is a need to develop a comprehensive database on the US investments resulting in employment advantages…
Rizal Commercial Banking Corporation chief economist Michael Ricafort said the country’s employment date is expected to improve further from seasonal demands during the Christmas holidays. “The pick up in manufacturing and other production activities in preparation for the seasonal increase in demand for the Christmas season could have improved the latest employment data,” Ricafort said….
They heard you, HONOR fans! The all-new All-Angle Water-Resistant HONOR X7c will finally dive in and splash on November 6, 3 PM. “From all the clamors and buzz we’ve been seeing online and in the news, we can’t keep our excitement to finally introduce this extra durable and all-angle water-resistant smartphone from HONOR to the…