Business

The national government’s budget deficit went down by 59.24 percent to P54.2 billion in August this year from P133 billion in the same month a year ago. Data released by the Bureau of the Treasury (BTr) showed that the lower deficit during the month was due to the 24.40 percent growth in government revenues alongside a 0.68 percent contraction in …

Finance Secretary Ralph Recto has assured the public the Department of Finance (DOF) and the Bureau of Customs (BOC) are ready to fully implement the anti-agri economic sabotage law to end agricultural smuggling, profiteering, and hoarding. In a statement on Friday, Recto said Republic Act 12022 or the Anti-Agricultural Economic Sabotage Act, signed by President Ferdinand R. Marcos Jr. on …

The Philippines has leapfrogged 47 places over the past decade in the Global Innovation Index (GII) published by the World Intellectual Property Office (WIPO). The country ranked 53rd this year from 100th place in the 2014 edition of the report, making the country one of the fastest 10-year risers along with China, Türkiye, India and Vietnam. The Philippines also advanced …

The Social Security System (SSS) is optimistic that new member registration could reach 4 million to 5 million this year. In a statement on Thursday, the SSS said its new member registration has already reached 2.4 million as of end-July, surpassing the agency’s 2 million target for this year. Macasaet said the new SSS members went up by 165 percent …

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. indicated that more interest rate cuts are “possible” for the remainder of the year. “We have a policy meeting in October and another in December. So, a 25-basis-point cut in each meeting is possible, in principle,” Remolona said on the sidelines of a forum at the Asian Development Bank (ADB) last …

The Philippine Statistics Authority (PSA) has entered into a partnership with GoTyme Bank Corporation to implement a co-location strategy for mobile registration activities under the National ID system. In a statement released on Thursday, the PSA announced that the agreement was formalized on September 10 at its headquarters on East Avenue, Quezon City. The partnership aims to promote greater financial …

JETOUR Auto Philippines Inc (JAPI) adds another key dealership location to its rapidly expanding nationwide network, this time at the heart of northern Mindanao, as JETOUR Auto Cagayan De Oro officially opened its doors to the citizens of one of the country’s most populous and busiest cities. JETOUR Auto Cagayan De Oro, strategically located along the Cagayan De Oro National …

We’ve traversed the past legacy lane. We’ve shown our commitment to pursue the present. Now, we’re running into the future with a relentless spirit. Time 2 Run 4ward, MNL City Run’s first-ever running series, is set to conclude with a high-energy celebration — the Futuristic Frenzy Finale. Taking place on October 13, 2024, at the scenic Filinvest Events Ground, this final …

SM Development Corporation (SMDC), the residential arm of SM Prime Holdings, Inc., one of Southeast Asia’s largest integrated property developers, commenced construction on two new landmark developments: Turf Residences in Biñan, Laguna and Zeal Residences in General Trias, Cavite. These developments add to the company’s portfolio of more than 183,000 residential units across 67 residential projects – 20 of which …

After the outstanding success of World Travel Expo Year 7, we are thrilled to announce the return of the most anticipated event in the travel industry – World Travel Expo Year 8, happening from October 18 to 20, 2024 at SPACE, One Ayala, Makati City. Following the footsteps of last year’s blockbuster event, which gathered thousands of travel enthusiasts and …