Manila slips in financial center ranking

Source BusinessWorld

The Philippines is defining the limit of its tolerance for peso weakness, as Asian central banks grapple with the mighty US dollar...

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A unified platform is being developed to transition the One Health Pass to the electronic Arrival Card (eArrival Card), with a view to streamlining arrival requirements for travelers, the Department of Health (DOH) on Thursday said...

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Philippine economic growth is expected to slow in 2023, amid higher interest rates...

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Six nominees are vying to be the next president of the University of the Philippines...

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The Department of Tourism (DoT) will use connectivity, convenience and equality to implement the Marcos administration's agenda for the sector, a senior official said on Thursday...

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Almost half of Filipino families rated themselves as “poor” while about a third considered themselves “food poor,” according to a Social Weather Stations (SWS) survey conducted from Sept. 29 to Oct. 2...

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The government should revisit the truck ban and the number coding scheme as these measures increase the cost of doing business and food prices, according to the chief of logistics solutions company Air21 Holdings Inc.

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The Sugar Regulatory Administration (SRA) has extended the arrival date of the remaining volume of sugar for importation under the previous crop year’s program until the end of the month...

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PDEA chief upholds policy on blurring of images of arrested drugs suspects...

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Instead of banning Korean dramas (Kdrama) in the Philippines, a lawmaker said the government should provide incentives to local artists and producers of local movies and dramas for them to be able to create quality shows...

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A senior lawmaker on Thursday defended the constitutionality of Republic Act No. 11935, or the law postponing the Barangay and Sangguniang Kabataan Elections (BSKE) from December 5 this year to October 30, 2023...

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The Sugar Regulatory Administration (SRA) said the arrival period for sugar ordered overseas to supplement domestic supply has been extended to the end of October due to shipping delays...

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A lawmaker on Thursday defended Congress’ power to postpone village elections set for December...

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To streamline the arrival requirements for travelers, the government is adopting an electronic Arrival Card (e-Arrival Card) system in the country...\

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The Department of Health (DOH) on Thursday said it has replaced the One Health Pass to the electronic Arrival Card (eArrival Card) in cooperation with the Bureau of Quarantine (BOQ)...

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Civil-society organizations pushing for a zero waste and a toxics-free Philippines are appealing to the Marcos administration to adapt key measures to protect the country from the detrimental impacts of the global waste trade...

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Filipino mobile users had the worst mobile experience in Southeast Asia, according to Opensignal...

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The Philippines will get military helicopters from the United States after canceling a contract with Russia, President Ferdinand R. Marcos, Jr. said on Thursday...

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Russia wants the Philippine government to honor a signed contract to purchase 16 military heavy-lift helicopters, which the administration of former president Rodrigo Duterte had canceled due to fears of possible US sanctions...

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The signing of a Philippines-South Korea free trade deal next month will mark a push by the government to pursue similar arrangements with other countries, a Cabinet official said on Thursday...

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US Deputy Secretary of State Wendy Sherman will visit Japan next week in a show of unity after North Korea's slew of missile launches and exercises, officials said Thursday...

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The United States military must be ready to respond to a potential invasion of Taiwan as soon as this year, a senior admiral said on Wednesday (Thursday in Manila), signaling heightened alarm over China's intentions toward the self-ruling island...

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United Kingdom Prime Minister Liz Truss was hanging on to power by a thread on Thursday after a senior minister quit her government with a barrage of criticism and a vote in the House of Commons descended into chaos and acrimony...

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Climate anxiety is gripping nearly half of the world’s youth, who, while motivated to take action and help save the planet, are hindered depending on where they live, according to a recent global study that looked into how climate change is hurting people’s mental health...

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Japan's core consumer prices rose 3.0 percent in September on-year, the government said Friday, the highest level since 2014 as the falling yen and rising energy costs hit households hard...

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Facebook on Thursday added a method for people running groups to automatically sift out claims that have been debunked since being posted...

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The United States said on Thursday that Iranian military trainers had been sent to Crimea to assist Russian forces using Iranian-made drones to attack targets in Ukraine, adding a new international element to a war that has already worsened some geopolitical tensions...

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The yen sank to a new 32-year low Thursday against the dollar, while the pound briefly rallied after British Prime Minister Liz Truss announced her resignation following a brief crisis-filled tenure...

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The World Health Organization said it is too early to lift the highest-level alert for the COVID-19 crisis, with the pandemic remaining a global health emergency despite recent progress...

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Economic prospects are becoming “more pessimistic” in the United States on growing worries of weaker demand, the Federal Reserve said in a report Wednesday, citing heightened inflation and rising interest rates...

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The chairman of the House Committee on Ways and Means scored the Department of Finance for its “shallow” analysis linking alleged POGO-related crimes to investor confidence...

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Senate Blue Ribbon committee chairman Sen. Francis N. Tolentino on Thursday said that he sees a “conspiracy” in the P2.4-billion procurement of laptops flagged by the Commission on Audit (COA) as “overpriced” and “outdated.”...

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Civil society groups advocating for a zero-waste and toxic-free Philippines pressed the Marcos administration to ban waste imports and ratify the Basel Convention Ban Amendment that will protect the country from the detrimental impacts of exploitative global waste trade...

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The Supreme Court has blocked the Magsasaka (Magkakasama sa Sakahan, Kaunlaran) party-list representative from assuming his seat in the House of Representatives...

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President Ferdinand Marcos Jr. said Thursday he will appoint a Department of Health (DoH) secretary once the country's Covid-19 pandemic situation has "normalized."...

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A former government adviser has reiterated the importance of getting vaccinated for Covid-19 after the discovery of new subvariants of Omicron in the country...

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Nonteaching staff, including nurses and lawyers, received some of the P2.4 billion worth of “pricey and outdated” laptops purchased by the Department of Education (DepEd), the Senate blue ribbon committee found on Thursday...

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After struggling to cope since the start of the pandemic, the Philippine General Hospital (PGH) has declared its COVID-19 manpower crisis “over” as it noted declining infections among its health workers...

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President Ferdinand "Bongbong" Marcos Jr. on Thursday called on the public anew to get their Covid-19 booster doses after the Philippines detected its first confirmed cases of the Omicron XBB subvariant and XBC variant...

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The Department of Transportation (DOTr) said it has set its sights on making port operations more efficient so that the government would not have to increase fees and charges, which would burden businesses...

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Importers have been given until the end of the month to bring in more sugar from overseas—a move seen to lower the sweetener’s selling price in the markets—as they continue to grapple with global shipment problems...

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The salary of more than half of licensed teachers in private educational institutions is lower than the current minimum wage, according to data shared by a former government statistician...

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The National Power Corp. (NPC) said a 30-percent budget cut for next year would result in power outage in the so-called “missionary areas” covered by Small Power Utility Groups (SPUG)...

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The Bangko Sentral ng Pilipinas (BSP) is prepared to use other tools to manage the peso’s volatility, which is contributing to inflation...

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President Ferdinand R. Marcos, Jr. on Thursday told the business community that he would ensure the growth of local markets, as well as attract more foreign direct investments (FDIs)...

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The Department of Energy (DoE) is closely looking to the private sector in accelerating the rollout of electric vehicles (EVs) across the Philippines as part of the government's efforts in diversifying fuel sources and addressing the impact of high global fuel prices, its chief said...

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The Department of Trade and Industry (DTI) on Thursday expressed its support for the Marcos administration's efforts to achieve inclusive economic transformation by banking on technology and innovation...

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The Bangko Sentral ng Pilipinas (BSP) has committed to maintain its double-barreled response to ensure orderly foreign exchange market condition and reduce excessive short-term volatility in the exchange ratThe Bangko Sentral ng Pilipinas (BSP) has committed to maintain its double-barreled response to ensure orderly foreign exchange market condition and reduce excessive short-term volatility in the exchange rate...

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The peso picked up half a centavo on Thursday to close at P58.94 against the dollar from P58.945 the previous day...

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President Ferdinand “Bongbong” Marcos Jr. on Thursday made a commitment to the business sector to foster a sound environment where it can flourish, recognizing its role as a driver of economic growth as the Philippines recovers from the COVID-19 pandemic...

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