How minimum wages compared across regions in September

Source BusinessWorld

The country's foreign currency reserves stood at $95 billion as of the end of September, down from the $97.4 billion at end-August, data from the Bangko Sentral ng Pilipinas (BSP) showed...

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The National Government saw its debt service bill drop in August from a year ago, as a decline in amortization payments offset the higher interest payments...

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Finance Secretary Benjamin Diokno said the government is doing its best to cool down the country's inflation by the first quarter of 2023...

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Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said the Philippine economy is in a much stronger position now than during the 2008-2009 Global Financial Crisis...

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The country may face a difficult power supply situation throughout the first six months of next year, according to Energy Secretary Raphael Lotilla...

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The government ought to open the motorcycle (MC) taxi sector to more players to provide commuters the “best services and fares,” a ranking official of ride hailing app Move It said over the weekend...

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The power industry law needs to be amended to allow the government to play a role in power auctions, a senior legislator said...

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President Ferdinand Marcos Jr. will sign into law on Monday the bill making mobile phone SIM card registration mandatory, the Office of the Press Secretary said on Sunday...

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The Bangko Sentral ng Pilipinas (BSP) is looking at offering more Central Bank bills (CBBs), in a bid to mop up excess liquidity in the country...

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The Philippines is clearing the hurdles to accelerate the shift to green energy, taking to heart the global agenda of transitioning from fossil-based to zero-carbon energy production and consumption...

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Agri party-list Rep. Wilbert Lee has filed a bill for pension and social security benefits to farmers and fishers. The measure shall guarantee the farmers and fishers’ steady source of income to meet their basic needs once they reach old age and retire through a pension and social security benefit...

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To help teachers ensure proper ventilation during face-to-face classes, a wind engineer from the University of the Philippines (UP) has developed a “calculator” that can measure the risk level for COVID-19 transmission inside classrooms...

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The Philippines could generate P150 billion to P200 billion worth of foreign direct investments (FDI) within three years from the free trade agreement (FTA) with South Korea, which is expected to be signed in November, according to the Department of Trade and Industry (DTI)...

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The Philippines renewed its call for a stronger global initiative on climate change during a meeting of stakeholders ahead of the Conference of Parties (COP27) climate summit in Egypt next month...

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The Philippines and the European Union reaffirmed their commitment to the promotion and protection of human rights in relation to the Philippine’s petition for renewal of the Generalized System of Preferences Plus...

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The Philippines’ dismal ranking in the recent IMD Digital Competitiveness Report should serve as a wake-up call to the Marcos Jr. administration to address digital transformation challenges with urgency to be competitive in the global digital economy...

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Global finance chiefs gather in Washington in the coming days with the warning of a possible $4 trillion loss in the world’s economic output ringing in their ears...

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The seven recent North Korean missile launches were all "tactical nuclear" drills, state media said Monday, which were personally overseen by leader Kim Jong Un...

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The dollar started the week firmly on Monday, with a strong U.S. labor market reinforcing bets on higher interest rates as traders braced for data expected to show stubbornly high inflation...

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The White House said on Sunday it would continue to arm Ukraine but declined direct comment on an explosion that damaged Russia’s road-and-rail bridge to Crimea...

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North Korea fired two ballistic missiles into the sea on Sunday, the South's military said, the latest in a blitz of launches amid tensions over US-led military exercises in the region, Yonhap reported...

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Russian President Vladimir Putin on Sunday accused Ukraine of orchestrating the powerful blast that damaged a key bridge linking Russia and Crimea the day before, describing the explosion as an “act of terrorism”...

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Officials of the World Health Organization said precautionary measures against COVID-19 such as wearing of face masks and maintaining hand hygiene must also be observed against influenza...

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Taiwan President Tsai Ing-wen will pledge to bolster the island's combat power and determination to improve its defenses in a major speech on Monday, at a time when tensions with China have risen dramatically...

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Pope Francis on Sunday urged the world to learn from history on the threat of nuclear war over Ukraine and choose the path of peace...

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The World Health Organization is bracing for a global spike in new COVID-19 cases due to the colder weather that would push more activities indoors. “This is to be expected as the weather cools and people spend more time together inside, and most countries no longer have measures in place to limit the spread of the virus,” WHO Director-General Tedros Adhanom Ghebreyesus said...

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Bank of Canada Governor Tiff Macklem said there is scope to slow the economy based on an “exceptionally high number” of job vacancies in the labor market...

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Colonoscopy may reduce the risk of dying of colorectal cancer by as much as 50%, but there's a catch: It only works if you get the scan. That's the big takeaway message from the first randomized trial of colonoscopy, published Sunday in The New England Journal of Medicine...

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Experts from the academe and private sector have exhorted the administration of President Ferdinand R. Marcos Jr. to learn from the lessons of the Duterte administration’s Build, Build, Build program, and ensure a more consumer-friendly and transparent infrastructure program...

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The Department of Tourism has assured Congress that it is working with the different agencies on crafting a “whole-of-government” approach to address inadequate infrastructure that have for long hobbled the Philippines from competing with its Southeast Asian neighbors, a senior lawmaker said...

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The country should start securing bivalent vaccines to boost efforts to protect Filipinos from Covid-19 and keep the economy afloat, Go Negosyo founder Jose Maria "Joey" Concepcion 3rd said...

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The COVID-19 positivity rate in Metro Manila slightly decreased to 18.1 percent as of Oct. 7, the OCTA Research Group said yesterday...

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President Ferdinand Marcos Jr. on Saturday marked his first 100 days in office on social media, with various government departments enumerating their achievements since he began his term last June 30...

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Philippine President Ferdinand R. Marcos, Jr. failed to lay down a program to help the poor and use his political capital to reform the government in his first 100 days, economists and political analysts said on Sunday...

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President Ferdinand Marcos Jr. on Sunday said he would inquire into the condition of detained former Sen. Leila de Lima after she was taken hostage that morning by one of three prisoners allegedly trying to escape...

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The Department of Education (DepEd) is still collating data on which schools can or cannot conduct full in-person classes, less than a month before its supposed implementation...

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President Ferdinand "Bongbong" Marcos Jr. will convene the Legislative-Executive Development Advisory Council (Ledac) today, October 10...

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The Court of Appeals has upheld the 14-year prison term meted on eight coast guardsmen in 2019 for the death of a Taiwanese man caught fishing in Balintang Channel between Taiwan and the Philippines nine years ago...

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Amid the production cut announced by the Organization of Petroleum Exporting Countries (Opec), transport groups again urged President Marcos to temporarily suspend the government levy on petroleum imports...

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The Department of Budget and Management (DBM) has released around P29.5 billion worth of assistance to various beneficiaries in President Ferdinand “Bongbong” Marcos Jr.’s first 100 days in office...

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The Tariff Commission has rejected an extension of anti-dumping duty on cement that local producers fear will cause serious harm to the market and consumers...

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Reactions to the return of onsite classes are varied with many students excited to meet their classmates and teachers in person. Others were apprehensive about the challenges and adjustments to be made...

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Senator Sherwin Gatchalian said over the weekend the government should be allowed to conduct public bidding to ensure power power supply needed by the distribution utilities...

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With all the delays and issues in implementation of the national ID system, it is high time to appoint new leadership at the Philippine Statistics Authority, specifically for fixing the Philippine Identification System (PhilSys), Northern Samar Rep. Paul Daza said Sunday...

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The Philippine mining sector is “greatly impacted” by geopolitical uncertainty, among other top risks, according to the Mining and Minerals Industry Sector Leader of SGV...

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The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said the peso depreciation is not ultimately benefiting makers of electronics and semiconductors—as conventional wisdom has it for exporters—because production costs and government fees are eating into their profits...

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The country’s food-service sales this year is projected to expand by 12 percent year-on-year to a 3-year high of $9.36 billion that, an international agency added, is driven by the reopening of full-service restaurants following the easing of restrictions against Covid-19...

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The Board of Investments (BoI) has more than doubled its approved investments quarter on quarter during the first 100 days in office of President Ferdinand "Bongbong" Marcos Jr...

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The Bangko Sentral ng Pilipinas (BSP) said on Friday evening it has been a "very active" foreign exchange market to control the Philippine peso from depreciating and reduce excessive volatility...

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Department of Trade and Industry (DTI) Secretary Alfredo Pascual said the agency will continue to push policies that will help the Philippines in terms of greater global value chain (GVC) participation...

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Investors in Philippine equities would be taking their cue from overseas markets this week ahead of an anticipated inflation report in the United States...

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The underemployment rate in the country may continue to deteriorate in the coming months as workers may demand higher salaries in response to rising prices, economists said...

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Renewable energy investments in the country are expected to rise substantially after the Department of Justice issued an opinion that natural resources, including solar, wind, hydro and ocean or tidal energies are not covered by the constitutional limitation on foreign ownership, Sen. Sherwin Gatchalian said yesterday...

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Former President Duterte’s series of tax reforms garnered more than P100 billion in additional revenues to state coffers over a four-year period, data from the Bureau of Internal Revenue (BIR) showed...

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Tighten your belts, control your purchases and make holiday celebrations simpler to arrest a further increase in prices of commodities as the inflation rate is seen to remain high until the end of the year, National Economic Development Authority Undersecretary Rosemarie Edillon said...

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The Bangko Sentral ng Pilipinas will not allow excessive changes in the peso-dollar exchange, Governor Felipe Medalla said over the weekend. Medalla confirmed during the annual reception for the banking community the BSP was “very active” in the foreign exchange market...

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The Marcos administration’s Build Better More (BBM) policy will be very crucial in the country’s economic recovery, particularly in boosting local tourism, which is among the worst hit during the height of the COVID-19 pandemic, a senior administration lawmaker said...

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Oil companies are poised to implement another big-time fuel price hike next week with prices expected to climb by P6 to P6.30 per liter while those of gasoline may increase by P1.10 to P1.40 per liter, oil companies and officials confirmed on Friday...

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The national government’s spending beyond its earnings is expected to go back to 7.6 percent of gross domestic product (GDP) this year, the same level seen in 2020, from a record 8.6 percent in 2021, according to Fitch Solutions Country Risk and Industry Research...

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