Manila had second-most affordable office spaces in Asia-Pacific in Q3

Source: BusinessWorld

Next year's economic growth target has been lowered on account of global headwinds, the interagency Development Budget Coordination Committee (DBCC) announced on Monday...
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The Philippine banking system has one of the lowest foreign exchange risks among emerging markets where currencies have lost value against the US dollar, Moody’s Investors Service said...

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The House of Representatives on Monday approved on third and final reading a measure setting up the Virology and Vaccine Institute of the Philippines (VIP)...
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Congress on Monday ratified the proposed P5.268-trillion national budget for 2023 after it was approved by the bicameral conference committee in the morning...

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The Philippine Overseas Employment Administration (POEA) has temporarily barred the deployment of overseas Filipino workers (OFWs) to India...
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More than one in five people in employment worldwide have experienced some form of workplace harassment or violence, according to a survey released by the United Nations on Monday...

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Businesses reopened and testing requirements were relaxed in Beijing and other Chinese cities on Monday as the country tentatively eases out of a strict zero-COVID policy that sparked nationwide protests...

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Lawmakers on Monday restored the proposed P10-billion funding for the National Task Force to End Local Communist Armed Conflict (NTF-Elcac) in the reconciled version of the 2023 national budget...
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Sen. Risa Hontiveros on Monday said executives of the Department of Health (DOH) and other public officials should just cooperate with the Commission on Audit (COA) in examining the government’s vaccine procurement program instead of blaming each other...
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The National Grid Corp. of the Philippines issued a yellow alert over the Luzon power grid on Monday after four power plant units with a combined capacity of 2,080 megawatts (MW) experienced forced outages...
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The Department of Budget and Management (DBM) has approved the release of P2.022 billion to the Philippine Health Insurance Corp. (PhilHealth) to cover the national government's health insurance premium subsidy for indigent members...
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Red-tagging is officially a crisis incident that will automatically trigger an emergency response from the University of the Philippines (UP) Baguio, the university’s new top official here said...
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Labor groups yesterday filed a petition for a P100 daily wage increase for Metro Manila workers with the Regional Tripartite Wages and Productivity Board (RTWPB)...

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The Bureau of Customs (BOC) raked in a record P790.3 billion in revenues as of end-November, effectively overshooting its own target and that of the goal set by the government for the whole year...

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Oil companies announced another hefty fuel price rollback effective Tuesday. In separate advisories, oil firms reduced the price of gasoline by P1.95 per liter, diesel by P1.90 per liter and kerosene by P1.65 per liter...
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The value of the country’s metallic output expanded by nearly 30 percent in the three quarters ending September, owing to higher output and prices of nickel and gold, the Mines and Geosciences Bureau (MGB) said...

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Profit taking continued to affect the market’s performance as the main stock index fell for a third consecutive session yesterday...

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The inter-agency Development Budget Coordinating Committee on Monday maintained its 2022 gross domestic product growth forecast, but trimmed the target for next year in the face of external headwinds...

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