BACOLOD CITY — The unemployment rate in Western Visayas declined to 6.2% in 2013 on the back of continued expansion in the business process outsourcing (BPO) sector.
Mar 042014
BusinessWorld Online: Economy
Mar 042014
PRODUCTION of motor vehicles in the Philippines grew by double digits in January but still lagged behind that of other Southeast Asian countries, data from the ASEAN Automotive Federation showed.
Feb 272014
THE DEPARTMENT of Energy (DoE) can finally proceed with the awarding of the contract to supply and deliver the first 3,000 electric tricycles (e-trikes) after it secured clearance from the Asian Development Bank (ADB).
Feb 272014
THE TRANSPORTATION department has awarded a Korean consortium the multi-million-peso consultancy services contract for the civil works of the Light Rail Transit Line 2 (LRT-2) East Extension Project.
Feb 272014
THE PHILIPPINE Stock Exchange (PSE) plans to implement broker anonymity a year earlier, after it received positive feedback from market participants.
Feb 262014
OVERALL passenger traffic at Philippine airports barely grew last year and saw mixed results in domestic and international passenger volume, data from the air service regulator showed.
Feb 262014
THE CONTROVERSIAL truck ban by the City of Manila is said to be hampering the operations of exporters in Philippine Economic Zone Authority (PEZA) zones and could lead to layoffs.
Feb 262014
FOREIGN governments, embassies, diplomatic missions and international organizations located in the Philippines are granted immunity from taxes on their employees’ salaries, regardless of the workers’ nationality. In other words, such organizations are not treated as withholding agents of the Philippine government.
Feb 252014
EXPORTERS are optimistic that outbound shipments of merchandise products will increase this year as the country’s top export, electronics, is projected to sustain growth.
Feb 252014
A BUSINESS delegation from the United Arab Emirates (UAE) was in town yesterday to explore business opportunities in the Philippines.