Business

Mcdonald’s  Philippines is once again showing that the spirit of volunteerism and community service is stronger than ever among its management, employees, and partners, as it kicks off its 19th consecutive year of active participation in the Department of Education’s Brigada Eskwela program.  As a new school year starts, close to 4,000 volunteers from 679 McDonald’s stores nationwide came in …

Prices of housing units in the Philippines increased in the first quarter of 2025, albeit at a slower pace, driven by higher prices in the National Capital Region (NCR). The nationwide Residential Property Price Index (RPPI) moderated from 9.8 percent year-on-year (y-o-y) in Q4 2024 to 7.6 percent in Q1 2025. In terms of location, the NCR led the nationwide …

The Philippine Postal Corporation (PHLPost), in partnership with the Department of Foreign Affairs (DFA), formally launched the UN80 Commemorative Stamps in a ceremony held at the historic Old Senate Hall of the National Museum of Fine Arts in Manila.  The stamps mark the 80th year of Philippines membership in the United Nations (UN), celebrating the country’s enduring commitment to multilateral …

The National Commission of Senior Citizens (NCSC) is strengthening the care and benefits for senior citizens with the support and cooperation of stakeholders. The NCSC held the 6th National Advisory Board (NAB) Conference and Midterm Assessment of the Philippine Plan of Action for Senior Citizens (PPASC) 2023-2028 last June 25 at the Great Eastern Hotel. The NAB Conference brought together …

The Bureau of Internal Revenue (BIR) is developing a digital track-and-trace system using QR codes to help verify the authenticity of vape products and other excisable goods. The system will allow both consumers and regulators to scan the codes using smartphones, making it easier to detect smuggled or unregulated items. The initiative is part of the BIR’s broader campaign to …

Sugar prices dropped to a four-year low on Wednesday, with a pound trading at USD0.1626—a 4% decline from late May and a 15% plunge since the start of 2024. Analysts attribute the price slide to rising expectations of a global supply boost, with the U.S. Department of Agriculture (USDA) projecting a 4.7% year-on-year increase in global sugar production for the …

Tanduay has once again claimed the title of the world’s number one rum, marking its eighth consecutive year at the top, according to the Millionaires’ Club report by Drinks International Magazine. The Philippine-made rum brand recorded global sales of 23.8 million case liters in 2024, outpacing top competitors Bacardi (19.7 million) and Captain Morgan (11.5 million). In 2023, Tanduay sold …

The Philippine automotive industry posted a 1.7% increase in sales during the first five months of 2025, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA). From January to May, total vehicle sales rose to 190,429 units from 187,191 units during the same period last year, driven …

The Philippine government has extended its long-term commitment to water security and rural development following the approval of key projects during the inaugural meeting of the Economy and Development (ED) Council, chaired by President Ferdinand R. Marcos Jr. In a statement released by the Department of Economy, Planning, and Development (DEPDev), the council approved the 10-year extension of concession agreements …

The World Bank has emphasized that boosting private sector activity and implementing key structural reforms will be crucial in accelerating the Philippines’ economic growth in the coming years. In its latest Philippine Economic Update (PEU) released Thursday, the World Bank projected the country’s economy to grow by 5.3% in 2025, with a slight uptick to 5.4% in 2026 and 5.5% …