Men and women line up during a job fair held inside a covered court in Tondo, Manila, Nov. 21. — PHILIPPINE STAR/ EDD GUMBANTHE UNEMPLOYMENT RATE eased to 4.5% in October, returning to the record-low level last seen in October 2019 before the coronavirus pandemic hit, the Philippine Statistics Authority (PSA) said.Preliminary results from the PSA’s Labor Force Survey (LFS) ...

THE NATIONAL GOVERNMENT’S (NG) outstanding debt hit a record high of P13.64 trillion as of end-October, driven by more domestic and foreign borrowings, the Bureau of the Treasury (BTr) said on Wednesday. In a statement, the BTr said outstanding debt rose 0.9% or P123.92 billion from the end-September level mainly due to the net availment of local and external loans.Debt ...

REUTERSMANUFACTURING rose for a fifth straight month in October, reflecting the continued reopening of the Philippine economy, analysts said.Preliminary results of the Philippine Statistics Authority’s (PSA) Monthly Integrated Survey of Selected Industries (MISSI) on Wednesday showed the volume of production index (VoPI) went up by 5.1% year on year in October, from the revised 4.1% in September. It was the ...

A Filipina farmer works at a rice field in Pinamalayan, Oriental Mindoro, March 27, 2018. — REUTERSLOCAL GOVERNMENT UNITS (LGUs) are urged to spend more efficiently, particularly for agriculture, the World Bank said, adding this will help improve growth and productivity in the sector.“It’s about helping LGUs to spend effectively. If you look at farm-to-market roads, irrigation, research and development ...

PHILIPPINE STAR/ MICHAEL VARCASMANILA ELECTRIC Co. (Meralco) is negotiating with power generation companies to source 670 megawatts (MW) that a unit of San Miguel Global Power Holdings Corp. stopped supplying in a move that could raise electricity rates starting in January.The Energy Regulatory Commission (ERC), however, was left out of the discussion as it claims to have not been informed ...

THE Securities and Exchange Commission (SEC) has warned the public against the illegal solicitation of two investment-taking entities — OTCJKE and APower Power Bank Sharing Solution, OPC (APower).In an advisory on Wednesday, the SEC said that APower — which also uses the names APower Pro, APower PH and APower Power Bank — has been enticing the public through social media ...

DAVID ARROWSMITH-UNSPLASHTIGER Infrastructure Philippines, Inc. has secured a $40-million loan from the Asian Development Bank (ADB) to fund the construction of telecommunications towers that will cater to underserved areas in the Visayas and Mindanao.“This project will improve access to the digital economy in the underserved regions of Visayas and Mindanao and have a tangible impact on the quality of life ...

WHEN your product takes years to create and is dependent on such ingredients as crystal clear water, sustainability is assuredly part of that company’s ethos. So, it comes as no surprise that a whisky brand is recognizing three sustainability “mavericks” as part of a global campaign, with a culminating activity to be held next year. The top project to be ...

ABOITIZ Equity Ventures, Inc. (AEV) received the approval of the Philippine Dealing and Exchange Corp. or PDEx to list its P20-billion fixed-rate retail bonds, the firm said on Tuesday.“The PDEx approval paves the way for the secondary market trading of the Series A bonds, with a fixed interest rate of 6.8725% per annum maturing in 2026, and the Series B ...

“FOR many years, I have been moved by the blue at the far edge of what can be seen, that color of horizons, of remote mountain ranges, of anything far away. The color of that distance is the color of an emotion, the color of solitude and of desire, the color of there seen from here, the color of where ...