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Category: Business

Biz leaders call PH’s Q2 GDP growth ‘respectable’

Business leaders on Tuesday said the Philippines’ 4.3 percent gross domestic product (GDP) growth in the second quarter is nothing to be ashamed of, stressing that it outperformed other countries during the same period. In an interview, Jesus Arranza,…

House OKs job creation bill to speed up economic growth

The House of Representatives on Tuesday approved on the third and final reading a bill seeking to institutionalize and expand the National Employment Recovery Strategy (NERS) to a jobs creation plan to accelerate economic growth and development. House…

High oil prices seen to persist until end of 2023

A Department of Energy (DOE) official on Tuesday said oil price hikes are expected to continue until the end of the year. During the Laging Handa public briefing, Oil Industry Management Bureau Director Rino Abad said tighter supply has boosted global…

Chinese bag maker to use PH-EU FTA for exports to Europe

A Dongguan-based bag maker is looking forward to the free trade agreement (FTA) between the Philippines and the European Union (EU) as it plans to export its Philippine-made bag to the European market. In a statement on Tuesday, the Department of Trad…

LandBank posts double-digit growth in digital transactions

State-owned Land Bank of the Philippines (LandBank) recorded double-digit growth in its digital transactions during the first half of the year. In a statement on Sunday, LandBank said it facilitated 94.7 million transactions worth PHP1.9 trillion duri…