Manila ranks 114th in global 150 cities index

Source BusinessWorld

The Bangko Sentral ng Pilipinas' (BSP) monetary policy settings "remain accommodative," Governor Felipe Medalla said on Wednesday...

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The Bangko Sentral ng Pilipinas (BSP) on Wednesday said the peso depreciation has been fueling inflationary pressures, adding that this strengthens the case to “act decisively.”...

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The World Bank Group (WBG) is ready to increase its support for the Philippines, especially in agriculture, education, tourism, water and energy...

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The Philippines is the most disaster-prone country among 193 in the world based on its exposure and vulnerability to natural disasters, a study conducted by two German institutions said...

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The Philippines was lagging behind its Asian neighbors in terms of addressing inequalities since the outbreak of the COVID-19 pandemic in 2020, a report by the international organization Oxfam showed...

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The Philippines is nearing its transition from a pandemic to an endemic state of the coronavirus disease, a health expert said Wednesday...

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The Department of Health (DOH) has instructed the Bureau of Quarantine (BOQ) to review the content of One Health Pass (OHP), an online screening system for international travelers, amid calls from a senator to lift its implementation...

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As the public asked more questions about the new law, the SIM Registration Act stated that end-users do not have to pay an additional fee when registering their SIM cards...

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The revised implementing rules and regulations (IRR) for the Build-Operate-Transfer (BOT) Law took effect on Wednesday, which the Finance department hopes would help the Philippines attract more private investments in infrastructure projects...

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The Department of Trade and Industry (DTI) ordered the imposition of safeguard duties on imports of high-density polyethylene (HDPE) pellets and granules for three years in a bid to protect the local industry...

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President Ferdinand R. Marcos, Jr. has signed a bill postponing village and youth council elections to October 2023 from December this year...

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The House of Representatives will start deliberating on three of the President’s priority measures relating to health by Nov. 9, with a target to have it passed at the lower chamber before the end of the year, a congressman said on Wednesday...

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A solon on Wednesday filed a bill seeking to create a national mariculture program in the country as part of ensuring the country’s food security...

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In House Bill (HB) 5504, Gabriela Rep. Arlene D. Brosas, Kabataan Rep. Raoul Danniel A. Manuel and Act Teachers Rep. France L. Castro said they filed the measure to ease the economic burden of ordinary Filipinos amid surging prices and the free-falling peso....

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Sen. Risa Hontiveros is prodding Congress to frontload committee consideration in pushing for a measure to protect the rights and welfare of the increasing number of Filipino workers in the gig economy, which covers delivery riders and other freelancers...

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House Deputy Minority Leader Bernadette Herrera filed a resolution seeking an inquiry in aid of legislation into what she described as an “inefficient, delayed, and faulty” rollout of the national ID system...

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Deputy Speaker and Las Pinas Rep. Camille Villar on Wednesday sought an inquiry into the proliferation of online child sexual abuse as she voiced concern over the notion that the Philippines is the top producer of child pornography in the world...

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Philippine startup Packworks has launched a digital platform that seeks to look at the behavior and spending habits of consumers buying in mom-and-pop stores, commonly known as sari-sari stores...

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More thrift banks are expected to use digital finance with around 20 percent tapping digital payment rails, InstaPay and PesoNet, according to the Bangko Sentral ng Pilipinas (BSP)...

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A year after it rebranded itself in the name of building a metaverse, Meta on Tuesday unveiled a new version of its virtual reality headset tailored for working professionals...

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Close to 500 Philippine and Australian troops are currently engaged in side-by-side training in San Miguel, Bulacan, in relation to the almost month-long "Exercise Kasangga."...

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Ateneo de Manila University has dislodged the University of the Philippines as the country's top university based on the 2023 Times Higher Education's World University Rankings list...

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Thrift banks in the Philippines are outgrowing the domestic banking system in profitability as loans to households grow briskly, but a UK-based think tank raised the alarm about the sustainability of consumer loans...

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Oil prices struggled to find their footing in early Asian trade on Thursday after a weakening global demand outlook depressed the market in the last session...

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The International Monetary Fund (IMF) is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia's war on Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the coronavirus pandemic...

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The heads of the International Monetary Fund and World Bank warned of a rising risk of a global recession as advanced economies slow and faster inflation forces the Federal Reserve to keep raising interest rates, adding to the debt pressures on developing nations...

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Central banks should "act resolutely to bring inflation back to target" after figures hit multidecade highs, the International Monetary Fund (IMF) said on Tuesday, pointing to an unusually challenging financial stability environment...

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The International Monetary Fund’s Resilience and Sustainability Trust is now operational, adding an important financing instrument to help countries deal with climate change, pandemics and other longer-term issues, IMF Managing Director Kristalina Georgieva said on Wednesday...

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Federal Reserve officials agreed they needed to raise interest rates to a more restrictive level – and then maintain them there for some time – to meet their goal of lowering “broad-based and unacceptably high” inflation, a readout of last month’s policy meeting showed on Wednesday...

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There is not yet enough evidence to recommend Omicron-specific Covid-19 jabs over the original versions, the World Health Organization's (WHO) vaccine experts said Tuesday (Wednesday in Manila)...

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The White House rolled out a long-delayed national security strategy on Wednesday that seeks to contain China’s rise while reemphasizing the importance of working with allies to tackle challenges confronting democratic nations...

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The United Nations General Assembly overwhelmingly condemned Russia’s attempted annexation of four Ukrainian areas while Kyiv’s allies committed more military aid after intense Russian missile strikes...

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Another wave of COVID-19 infections may have begun in Europe as cases begin to tick up across the region, the World Health Organization and European Centre for Disease Prevention and Control (ECDC) said on Wednesday...

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The Confederation of ASEAN Journalists on Wednesday called for closer cooperation between media practitioners and organizers amid uncertainties resulting from regional and global conflicts...

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Myanmar's junta on Wednesday sentenced ousted leader Aung San Suu Kyi to another six years in prison for corruption, a source with knowledge of the case said, raising the Nobel laureate's total jail time to 26 years...

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United States President Joe Biden promised “consequences” for Saudi Arabia after a Riyadh-led coalition of oil-producing nations sided with Russia to slash output...

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Seoul, South Korea - North Korea has test-fired a pair of long-range strategic cruise missiles, with leader Kim Jong Un hailing another successful display of the country’s tactical nuclear strike capability, state media reported Thursday...

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Western backers of Ukraine on Wednesday discussed supplying it more air defenses as a “top priority” as Kyiv urged bolstered protection against Russia’s missile barrages...

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President Ferdinand "Bongbong" Marcos Jr. is "closely monitoring" all the issues linked to Philippine offshore gaming operators' (POGOs) in the country, Malacañang assured the public Wednesday...

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Albay First District Rep. Edcel Lagman on Wednesday said that President Ferdinand "Bongbong" Marcos Jr. can intervene in the government's cases against former senator Leila de Lima, pointing out that the prosecution of criminal charges is an "executive function under his control and supervision pursuant to the Constitution."...

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The country’s biggest local business group rated President Marcos Jr.’s performance during his first 100 days in office as “positive,” indicating that the Philippines’ private sector is generally pleased with the current administration’s efforts to prop up the economy so far...

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Seven provinces had a “very high” COVID-19 positivity rate while Metro Manila’s decreased, independent pandemic monitor OCTA Research Group said Thursday...

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The Palace on Wednesday said it would announce programs against fake news in the coming days after a Pulse Asia survey showed this was a problem for nine out of 10 Filipinos...

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Senate President Juan Miguel Zubiri on Wednesday denied Chinese Ambassador Huang Xillian’s assertion that he had spread misinformation about Beijing warning its nationals against visiting the Philippines over Chinese-run online gambling operations here...

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A senator on Wednesday said fake news creation should be criminalized after a poll by Pulse Asia Research, Inc. showed Filipinos consider it to be a problem...

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Sen. Christopher Lawrence "Bong" Go on Monday urged the government to address the rising prices of commodities...

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The Department of Energy is expecting Prime Infrastructure to expand gas production and possibly develop other nearby resources once it officially starts taking over the 45-percent stake of Shell Philippines Exploration B.V. in the Malampaya gas-to-power project...

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Senior Deputy Minority Leader and Northern Samar 1st district Rep. Paul Daza has hailed the Department of Budget Management (DBM) for announcing of the release of the P529.2 million cancer assistance fund (CAF)...

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The Department of Social Welfare and Development (DSWD) will reinstate the 700,000 families who were delisted from the beneficiaries of the government’s Pantawid Pamilyang Pilipino Program (4Ps), DSWD Secretary Erwin Tulfo said...

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The Energy department expects an initial investment of $72 million in two adjacent offshore petroleum exploration projects northwest of Palawan island, calling early activities in the “indisputable” Philippine waters a start of more foreign investors coming in and taking risks...

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Finance Secretary Benjamin Diokno said on Wednesday that the public-private partnerships are crucial to the country's economic recovery...

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The Philippine peso ended lower against the United States dollar at P58.965 on Wednesday from Tuesday's close of P58.865...

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The Philippine garments industry is struggling amid a slump in global demand, warning of temporary closures and more worker layoffs in the next few months...

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The Public Private Partnership (PPP) Center is proposing to remove the cap or floor cost of PPP projects that require approval from the inter-agency Investment Coordination Committee (ICC)...

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The Department of Transportation (DOTr) wants the EDSA busway system privatized as soon as possible as it no longer has the budget to modernize the infrastructure starting next year...

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The Department of Energy (DoE) said a new valuation system for thermal coal imports, which the Bureau of Customs (BoC) has agreed to implement, will more clearly reflect the true cost of coal, which many power plants in the Philippines rely on to generate electricity...

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The government needs to create a single regulator to oversee the supply chain industries, a procurement executive said...

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Local cement makers have until 22 October, when the safeguard duty expires, to seek a reconsideration of the Tariff Commission recommendation to end the protection on local manufacturers as they seek for an extension saying the law provided for local industries to be protected from unfair competition...

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The Department of Public Works and Highways (DPWH) has completed the farm-to-market road project in Sanchez Mira, Cagayan, which it said, was built to support the coconut farmers in the province...

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About $72 million worth of investments is expected to fuel Nido Petroleum Philippines Pty. Ltd.'s oil explorations in Cadlao oil field in Palawan, according to the Department of Energy (DoE)...

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The Philippines will boost its budget for rice buffer stocks by around 70% next year to ensure enough supply in times of global food shortages and emergencies, the budget department said on Tuesday...

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“Green” employers like solar power farms, as well as content generators within the creative industries, are expected to drive employment in the next few years, making it crucial to address mismatched skills that prevent graduates from taking on these jobs seamlessly, according to Philippine Business for Education (PBEd)...

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With the end of the year approaching, employers and other direct contributors must take on additional responsibilities related to Philippine Health Insurance Corp. (PhilHealth) coverage...

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More jobs in the garment industry are in peril in the coming months, as the Confederation of Wearable Exporters of the Philippines forecasted that about 3.5 to 4 percent of workers will lose their jobs...

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Finance Secretary Benjamin Diokno said the private sector plays a critical factor in the country’s recovery prospects...

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