NLEX Corp., the operator of North Luzon Expressway (NLEX), announced Thursday that it has allotted P1.2 billion this year to upgrade its collection and management systems in order to improve customer experience.
The Philippine peso depreciated against its US counterpart on Thursday to a fresh three-year low, following the Federal Reserve”s most aggressive rate hike in nearly three decades.
Migrant workers sent home an estimated $605 billion to low- and middle-income countries last year, a UN study said Thursday, boosted by an increase in payments sent via mobile phones.
The Government Service Insurance System (GSIS) on Thursday said it released a total of P221 billion in loans to 1.38 million active members and pensioners nationwide in the period from January 2021 to May 15, 2022.
In a statement, the BSP said that stagflation is not “an immediate risk to the Philippine economy.” Stagflation is an economic condition characterized by slow growth, high unemployment, and rising inflation.
The Philippine Stock Exchange (PSE) is set to close down its trading floor and shift to “floorless trading,” citing technological advancements and the needs of the investing public.
Motorists should brace for another round of pump price hike in the coming week, which could mark the third straight week of increases.
The contribution of the tourism industry to the Philippine economy posted a slight increase in 2021, following the steep deceleration recorded in 2020 when strict lockdowns were implemented to curb the spread of COVID-19.