MANILA, Philippines — The Philippines is not expected to accord a legal tender status on cryptocurrencies even if the country may support policies on its use moving forward. In its latest analysis, UK-based The Economist Intelligence Unit (EIU) said the Philippines displays the most benign attitude toward cryptocurrency. But it said the government is expected […]
Read MoreMANILA, Philippines — The airline group of Capital A, formerly known as the AirAsia Group, is eyeing to bring its ground handling service business to the Philippines this year, as the recovery of the country’s aviation sector continues to pick up. AirAsia Aviation Group Ltd. operates a ground handling services business in Malaysia called GTR, […]
Read MoreMANILA, Philippines — Local car and truck assemblers had a weak start for the year, with sales dropping 11 percent in January from a year ago as a surge in COVID cases dampened demand for big-ticket items including vehicles. The joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck […]
Read MoreMANILA, Philippines — The Philippines is expected to continue importing rice this year, with shipments expected to reach as much as 2.9 million metric tons (MT). In a report by its Foreign Agriculture Service, the United States Department of Agriculture (USDA) revised upward its rice import forecast for the Philippines to 2.9 million MT, higher […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) almost doubled to a four-month high in November, resulting in a 52.5 percent increase during the 11-month period last year, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said FDI inflow went up to $1.09 billion in November from $599 million […]
Read MoreTHE number of unemployed Filipinos slightly went up in December, the Philippine Statistics Authority said. In a virtual briefing on Thursday, National Statistician Dennis Mapa said that based on the preliminary results of the latest Labor Force Survey, the number of out-of-work individuals was estimated at 3.27 million from 3.16 million in November 2021. This […]
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