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OFW Remittance up by 4.4% in August 2022

The central bank recorded a 4.4% increase in the money sent home by Overseas Filipinos in August 2022. From US2.89 billion posted in the same month last year, remittances sent last August reached US3.02 billion. #In60words

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Demand for condos hit 67% in Cebu

In the first half of 2022, residential condominium takeup in Cebu increased 67 percent, signaling a buoyant post-pandemic market.

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BSP approves 178.10-M govt foreign borrowing in Q3

The Bangko Sentral ng Pilipinas reported that it approved fewer foreign borrowings of the government in the third quarter. For the period July to September 2022, the Monetary Board (MB) approved one public sector foreign borrowing of 178.10 million. #In60words

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Toktok surges to 2M downloads thanks Filipino patrons

toktok, the first Filipino-made superapp, celebrated another milestone with 2 million app downloads. toktok, like many game-changing innovations, started from necessity. Due to the increased need for delivery services, founders, young and innovative business magnates Jonathan So and Carlito Macadangdang established and developed toktok. #In60words

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Cebu Pacific resumes Zamboanga-Cotabato flights

Budget carrier Cebu Pacific said it continues to ramp up its Mindanao hub by resuming its flights from Zamboanga to Cotabato. Cebu Pacific is the only airline that offers this direct route through its wholly-owned subsidiary, Cebgo. #In60words

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DOF Private sector participation crucial to economic recovery

Finance Secretary Benjamin Diokno on Wednesday noted private sector participation to be a critical factor in the Philippines economic recovery prospects. This, after the government approved the revisions to the 2022 Implementing Rules and Regulations of the Build-Operate-Transfer BOT Law.

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Landbank continues climate financing program

In support of climate change adaptation and mitigation projects, the Land Bank of the Philippines assures stakeholders of continued access to climate finance under the Green Climate Fund (GCF).

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GCash targets to have payments even for tricycles

DIGITAL wallet GCash on Tuesday said that they are now focusing on hyper localization and partnerships with local government units (LGUs) to extend financial services to the countryside as part of its vision towards financial inclusion for all.

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ECC reminds employers about maintaining EC logbook

The Employees Compensation Commission (ECC) of the Department of Labor and Employment (DOLE) reminded employers and human resource officers about the requirement to record the sickness, injury, or death of their employees in an Employees Compensation (EC) Logbook chronologically. #In60words

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Puregold set to open 1st branch in Bohol

The second national retail chain to announce its entry into Bohol province is the grocery store behemoth Puregold Price Club Inc., which has announced its intention to open its first branch in Bohol.

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Oil Firms impose big-time price hike diesel to increase by

Oil companies will impose a major price hike on petroleum products on Tuesday, October 11. This follows several weeks of price rollbacks.

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DBM releases billions of pesos in assistance during Marcos first

The Department of Budget and Management (DBM) said that it has released billions of pesos in various assistance to several sectors during the first 100 days of Marcos administration.

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Quezon City holds investors summit

Mayor Joy Belmonte welcomed 200 investors, business leaders, business associations, chambers of commerce and foreign dignitaries who participated in Quezon Citys Investors Summit on Frida.

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PLDT, Smart feted at 2022 World Communication Awards

PLDT and wireless unit Smart Communications, Inc. (Smart) emerged as the top Philippine finalist at the 2022 World Communication Awards (WCA), which recognizes excellence among the worlds leading telco players.

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PH unemployment, underemployment rates rise in August even as more

About 2.68 million Filipinos were jobless in August, according to government data. The unemployment rate climbed to 5.3% from 5.2% in July. But this number is lower by 1.2 million compared to August 2021's 8.1% rate. Fishing and aquaculture, construction, arts, entertainment and recreation, human health, and social work activities registered the highest drop in employment compared to July, data shows. #in60words....

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