Economy likely added 215k jobs in June; close to best consistent hiring since 1990s tech boom

WASHINGTON—Hiring was likely robust for a fifth straight month in June, a sign that the economic recovery, now entering its sixth year, is finally gaining meaningful...

Villar Group to venture into high-end malls

  MANILA- The Villar family, the group behind Starmalls Inc., is poised to tap the upscale and mass markets for its two new shopping mall brands....

DOT sets higher tourism budget for Mindanao

MANILA — To further improve tourism in the region, the Department of Tourism is setting a higher budget this year for Mindanao. Chairperson Luwalhati Antonino of...

Economic growth to recover in Q2

MANILA — Despite a frustrating performance in the first quarter, the country’s economic growth is seen to reach recovery in the second quarter. “While first quarter...

Phl posts fastest growth in motor vehicle sales

MANILA — Among the countries in the Southeast Asian region, the Philippines posted the fastest growth in terms of motor vehicle sales from January to May....

Tourist arrivals up in 5 months

MANILA — The Department of Tourism (DOT) said foreign tourist arrivals increased by three percent from January to May this year. “We’re already seeing more foreign...

Gov’t posts P11.8 B budget surplus

BIR appeals CTA ruling on condo fees’ tax exemption

MANILA — The Bureau of Internal Revenue has appealed the tax-exemption ruling by the Court of Tax Appeals (CTA) on condominium dues, membership fees and other...

Gov’t to relax restrictions on rice imports

MANILA, Philippines – The Philippines said on Friday that it would ease up on restrictions on imports of rice in order to increase opportunities for other...