Business

Grab gives P70-M subsidy to drivers

MANILA -- An official of the ride-sharing firm Grab Philippines bared Thursday that the company has provided its drivers about PHP70 million in subsidy in the past two weeks amid the limited...

BOI investment approvals up 19% in January-May

MANILA -- Investments approved by the Board of Investments (BOI) from January to May this year rose by 19 percent to PHP207 billion from PHP174 billion during the same period in 2017. In...

DM Wenceslao sets P3.1-B capex for projects

MANILA -- Integrated property developer D.M. Wenceslao and Associates Incorporated (DMWAI) is looking at spending PHP3.1 billion this year for the completion of its nine projects and developments within Aseana City in...

Manufacturing output up 19.8% in May

MANILA -- The manufacturing sector posted stronger growth in May, bouncing back from last year's decline, as it is being driven by the expansion of businesses amid rising consumer demand. The Philippine Statistics...

June inflation accelerates to 5.2%

MANILA -- Actual inflation rate in June exceeded the government’s outlook as it stood at 5.2 percent, a record-high in more than five years. Data released by the Philippine Statistics Authority (PSA) Thursday...

PLDT: DOLE order to regularize 7K employees to disrupt ops

MANILA -- The order of the Department of Labor and Employment (DOLE) for telecommunications firm PLDT Inc. to stop in engaging in subcontracting activities and regularize more than 7,000 employees will disrupt...
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