Gold mining continues to be a significant economic contributor in the Philippines, with the industry injecting over $407 million into the national economy in 2023, according to the latest data from the World Gold Council (WGC).  The Philippines, a key player in global gold production and home to major WGC members like B2Gold and OceanaGold, […]

The construction of the New Cebu International Container Port (NCICP), a long-delayed multibillion-peso project, is set to begin by the end of 2024, according to Department of Transportation (DOTr) Undersecretary for Maritime Sector Elmer Francisco Sarmiento. The civil works contract for the project was awarded last week to South Korea’s HJ Shipbuilding and Construction Corporation […]

Finance Secretary Ralph Recto has highlighted that Standard & Poor’s (S&P) recent decision to affirm the Philippines’ BBB+ credit rating and upgrade its outlook to “positive” is a strong endorsement of the government’s economic and fiscal policies. “It reaffirms our stable economic and political environment and that we are on track to achieve a growth-enhancing […]

The Philippines, along with other countries in the East Asia and Pacific region, is set to experience rapid economic growth, projected at 4.8% in 2024. However, as the nation advances, the shift toward automation, artificial intelligence (AI), and digital platforms is reshaping the workforce, creating new opportunities while also presenting significant challenges. As global technological […]

Booksale Philippines is entering a “new chapter,” with some of its branches closing, but CEO Josh Sison assures Filipino bookworms of “exciting plans” ahead. In a statement on Facebook on Tuesday, Sison thanked loyal customers for their support over the years, adding that the store is committed to continuing its mission of making reading affordable […]

A Filipino trader has made a remarkable recovery after losing over P500,000 in a cryptocurrency scam, known as a rug pull, by turning a setback into a profitable opportunity through the memecoin Seal Dog on the Sui Network. In October, the trader, using the pseudonym MemeWhales, fell victim to a rug pull—a scam where the […]

Gold prices have been rising globally this year, with China’s gold market leading the charge in October, according to a recent report from the World Gold Council. The London Bullion Market Association (LBMA) gold price (in U.S. dollars) in the morning increased 4.9 percent, while the Shanghai Gold Benchmark (in Chinese yuan) in the afternoon […]

Jollibee Foods Corporation (JFC) announced it will acquire full ownership of the Tim Ho Wan brand, renowned for its Michelin-starred Cantonese cuisine. In a disclosure to the stock exchange, JFC said its subsidiary, Jollibee Worldwide Pte., which currently holds a 92% stake in Tim Ho Wan, will purchase the remaining 8% from other investors in […]

The Philippine government is actively courting British investors, urging them to take advantage of opportunities in the country’s growing economy. Finance Secretary Ralph Recto emphasized the Philippines’ potential for high returns during the Philippine Economic Briefing in London on October 31, 2024. “If you are looking for a place to grow your business and make […]

The Philippine Amusement and Gaming Corporation (PAGCOR) reported a revenue of P79.43 billion for the first nine months of the year, marking a 42 percent increase from P55.95 billion in the same period last year. PAGCOR chairman and CEO Alejandro Tengco highlighted that the growth was primarily driven by the electronic games sector. “The electronic […]