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News and Events

(Look) How Rising Inflation Is Linked to Higher Levels of Poverty

Inflation surges may be temporary but they push more people into the ranks of the poor in the meantime

The headline inflation rate soared to 6.4 percent in August this year, the highest in more than nine years, prompting many Filipinos to start worrying if rising consumer prices will continue for long.Former President and now House Speaker Gloria Macapagal Arroyo, however, ...

by Pauline Macaraeg  | September 24, 2018 01:00:00
News and Events

Will PH Really, Finally Have a 3rd Telco in 101 Days?

DICT releases final guidelines on selection of new major player in time for Duterte's Christmas deadline

The Department of Information and Communications Technology (DICT) released the final rules to govern the selection of the new major telecommunications player on September 21, after seven months of talks and deliberations with stakeholders.The 27-page Memorandum Circular (MC) No. 09-09-2018’s release comes ...

by Elyssa Christine Lopez  | September 21, 2018 06:00:00
News and Events

How the Return of Time-Based Charges Will Impact the Cost of Car-Hailing Rides on Grab and Hype

Grab PH cuts maximum price surge from 2x to 1.6x to ease burden on customers

Riders of ride-hailing companies Grab Philippines and Hype Transport Systems Inc. will have to pay the time-based charge again starting today, September 21, after the Land Transportation Franchising and Regulatory Board (LTFRB) lifted its suspension of the fare component on September 4.In ...

by Pauline Macaraeg  | September 21, 2018 03:00:00
News and Events

Clark Overtakes Cebu as 2nd Most Active Office Property Market in PH

High demand is driven mostly by the Dennis Uy-led Clark Global City project

Clark Freeport emerged as the country’s second largest office market in the first nine months of 2018, according to real estate analyst Leechiu Property Consultants (LPC). It overtook Cebu, which has been the country’s second largest market for office transactions in the ...

by Lorenzo Kyle Subido  | September 18, 2018 05:00:00
News and Events

This is How Much Natural Disasters Cost PH in Terms of Damages and Deaths

A Brussels-based research center has kept count over the past decades

The Philippines is one of the most disaster-prone countries in the world. Located along the Pacific Ring of Fire, the country is susceptible to frequent earthquakes and even volcanic eruptions.In addition, the Philippines is also geographically located along the typhoon belt in ...

by Pauline Macaraeg  | September 17, 2018 02:00:00
News and Events

Great News for Online Banking Users: You Can Soon Move Funds Across All Banks Electronically

The BSP has required online banking providers to introduce the new services by end-November

The Bangko Sentral ng Pilipinas (BSP) has required all banks and non-banking financial institutions (NBFIs) that offer online banking services to make interbank electronic fund transfers (EFTs) available to regular depositors by end-November.The move greatly expands the power and usefulness of most ...

by Lorenzo Kyle Subido  | September 17, 2018 10:00:00
News and Events

Guess How Many Filipinos Plan on Buying a House in the Next 12 Months

The figures are relatively steady despite a sharp drop in consumer confidence in 3Q of 2018

Around 9.2 percent of Filipino households say that they intend to purchase a residential unit in the next 12 months, according to the latest Consumer Expectations Survey by the Bangko Sentral ng Pilipinas (BSP) covering the third quarter of 2018.That’s only slightly ...

by Lorenzo Kyle Subido  | September 17, 2018 09:00:00
News and Events

This is How San Miguel Plans to Address PH's Rice Woes

Conglomerate plans to build giant climate-controlled grains terminals in eight locations to store rice

In his televised “tête-à-tête” with Presidential Chief Legal Counsel Salvador Panelo on September 11, President Rodrigo Duterte threatened he will move for the abolition of the National Food Authority (NFA) Council for its failure to prevent the soaring rice prices through timely ...

by Pauline Macaraeg  | September 13, 2018 05:00:00
News and Events

As Peso Falls Below Php54/$1, Here's the Likely Impact on Your Purchases From US Online Stores

Half of Filipinos' online shopping are done in e-commerce sites in the US and other countries

The Philippine peso hit a fresh low on Wednesday, September 12, closing at Php54.13 against the US dollar, the weakest it has been in almost 13 years. The last time the Philippine peso was at this level was in December 2005, according ...

by Elyssa Christine Lopez  | September 13, 2018 11:00:00
Run & Grow

SM Prime, Ayala Land or Robinsons Land: Which Property Builder Pays Top Officers the Most?

Check out how much top property company executives received as average compensation in 2017

SM Prime Holdings, Inc. may be the most valuable listed firm under the property sector in the Philippine Stock Exchange (PSE) by market capitalization, but it only comes second to Ayala Land Inc. when it comes to the amount of salaries, bonuses ...

by Pauline Macaraeg  | August 27, 2018 09:00:00
News and Events

Check Out the Official List of Holidays in 2019

Employees get extra pay if they work on these days

The Office of the President has declared 19 holidays and special non-working days for 2019, as announced in Proclamation No. 555 on August 15, Wednesday.Ten of these are regular holidays, which usually have fixed dates such as New Year’s Day and Christmas ...

by Pauline Macaraeg  | August 16, 2018 01:00:00
News and Events

Just How Crazy Rich are Asians? Check Out This Graph

We all know Singapore is rich but how does it compare to the United States?

The highly anticipated film Crazy Rich Asians comes out in cinemas worldwide this week. Mainly set in the bustling city-state of Singapore, the movie is an adaptation of Kevin Kwan’s bestselling novel of the same title, which shows the dynamics of money, ...

by Pauline Macaraeg  | August 15, 2018 03:00:00
News and Events

After 2 Years of Duterte, How Does GDP Growth Compare With Previous Presidents?

After starting out strongly in his term, economic growth seems to be easing in recent quarters

The Philippine economy slowed down to 6.0 percent in the second quarter of 2018, a decline from the 6.6 percent growth recorded in the previous quarter. It is way below the government’s target of 7 to 8 percent, as well as analysts’ ...

by Pauline Macaraeg and Elyssa Christine Lopez  | August 09, 2018 12:00:00
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