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PH eyes enhanced trade, investment with Malaysia

Finance Secretary Ralph Recto and the Ambassador of Malaysia to the Philippines recently met to discuss how to further enhance the two countries' economic...

New SSS pension scheme to boost Filipinos’ financial security –Recto

The newly-launched pension scheme of the Social Security System (SSS) will help boost the financial security of Filipinos, Department of Finance (DOF) Secretary and...

Indian e-vehicle company eyes replacing aging PH jeepneys

An Indian electric vehicle (e-vehicle) manufacturer is in the process of setting up sales operations in the country in hopes of capturing a stake...

Improved access to social services to further cut poverty in BARMM

The World Bank on Thursday said that while the poverty level has already decreased and economic growth has shown signs of acceleration in the...

Cement firm eyes recycling 10M tons of demolition wastes by ’25

Strengthening its circular economy strategy, Holcim Philippines said Thursday it is targeting to recycle 10 million tons of demolition wastes next year. In a statement,...
Mall goers check the features of an Honor mobile phone at the smart devices provider's first ever Honor Experience Store in Davao City  located at Gaisano Mall of Davao along J.P. Laurel Avenue. LEAN DAVAL JR

DTI, TikTok discuss ways to bolster PH e-commerce

The Department of Trade and Industry (DTI) said Thursday that Secretary Alfred Pascual led a discussion with TikTok in Singapore on June 5 to...
A store worker prepares commercial rice for a customer at a community market in Davao City on Monday. The country is expected to remain the world’s biggest importer of rice next year, according to the data released by the United States Department of Agriculture (USDA). LEAN DAVAL JR

DA hopes for ‘significant’ retail price drop in rice after tariff cut

The Department of Agriculture (DA) on Wednesday expressed hope for a significant drop in the retail prices of rice after the tariff on imported...

Japanese carmaker Toyota admits to forging vehicle test results

Japanese carmaker Toyota admitted to having tampered with its vehicle tests, specifically crash and pedestrian tests. Government officials are currently inspecting the Toyota Motor headquarters...

Inflation rate accelerated further to 3.9% in May

Prices of consumer goods and services in the Philippines continued its acceleration streak for the fourth straight month in May, amid faster increase in...
Fresh vegetables and other basic goods are on display at a market stall inside the Agdao Public Market in Davao City in this undated photo. The Philippine Statistics Authority said the country's headline inflation slightly increased from 3.8 percent in April to 3.9 percent in May. LEAN DAVAL JR

Gov’t to step up efforts against inflation drivers

The government is continuously stepping up efforts against persistent inflation drivers, the National Economic and Development Authority (NEDA) said Wednesday following reports on the...