Companies

The Government Service Insurance System (GSIS) has allocated P514 million in emergency loans to support 23,469 members and pensioners affected by recent typhoons in Luzon. The financial assistance is available to individuals residing or working in areas declared under a state of calamity, including Quirino, Apayao, Aurora, Santiago City, and Cabagan, Isabela. These areas suffered significant damage due to typhoons …

The Philippine Statistics Authority (PSA) reported Friday that the country’s unemployment rate dropped to 3.9 percent in October, an improvement from 4.2 percent in the same period last year. The National Economic and Development Authority (NEDA) attributed this decline to a strengthening labor market, as total employment rose to 48.2 million, reflecting an increase of 369,000 jobs compared to October …

The National Economic and Development Authority (NEDA) announced that government measures to address inflationary pressures have kept inflation within the target range in November, despite challenges posed by recent typhoons. Data from the Philippine Statistics Authority (PSA) showed that headline inflation in November settled at 2.5 percent, slightly up from October’s 2.3 percent but markedly lower than the 4.1 percent …

Special Assistant to the President for Investments and Economic Affairs (SAPIEA) Frederick Go said the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) will make the Philippines as a favorable exports hub as the law eases doing business and reduces cost of operating in the country. At the National Export Congress 2024 …

The Board of Investments (BOI) has endorsed two renewable energy (RE) initiatives by Nexif Ratch Energy Investments Pte. Ltd. (NREI), with a combined value of P73.9 billion, for streamlined processing under the government’s green lane program. In a statement released Friday, the BOI announced that it had issued a green lane certificate to the P67-billion Lucena Wind Power Project. This …

Canadian businesses eyeing opportunities in the Philippines are set to benefit from the launch of the Export Development Canada (EDC) office in Manila. The state-owned export credit agency officially announced its Manila presence during a plenary session at the Canadian Embassy Thursday last week, coinciding with a Canadian Trade Mission’s visit to the country. “We’ve been thinking about this for …

The SM Foundation, in partnership with the Quezon City Schools Division Office, inaugurated the Schools Division Office (SDO) Wellness Center for Teachers & Employees, a facility designed to promote the health and well-being of teachers and staff in the city.  The foundation refurbished the center to create a relaxing atmosphere and provide them with a safe and comfortable space to …

“Writing memoirs & poems made me relook at my learning is life.” Mario Torrento, an entrepreneur from Iloilo who took the Creative Writing class.  “My poem “Letter to the World” serves as a beacon of hope to our readers, young & old, in the face of chaos and confusion” this is from Rudy Fernandez, a banker who was sidelined from …

With sleek, ultra-flat, iconic stylish giant screen Innovative technology brand TECNO today unveiled its new AI-enhanced, second-generation flip smartphone, PHANTOM V Flip2 5G in the Philippines with Pia Wurtzbach as brand ambassador A remarkable fusion of on-trend aesthetic design and powerful technologies, the iconic phone will bring   a fun, fashionable and functional flip phone experience to stylish individuals. Bringing …

The national government posted a P6.3-billion budget surplus in October, as revenue collections exceeded the growth in expenditures. According to the Bureau of the Treasury (BTr), this fiscal surplus marks a significant turnaround from the P34.4-billion deficit recorded in the same month last year. From January to October, the fiscal deficit reduced to P963.9 billion, which is 64.94 percent of …