Business & Economy

Libya wants PH workers, seeks lifting of hiring ban

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The Libyan government renewed its appeal for the Philippine government to lift the ban against the new hiring of Filipino workers, saying the security situation has improved since 2014.

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PH now full member of int’l halal accreditation network

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The Philippines is now a full member of the International Halal Accreditation Forum (IHAF), giving the country voting rights in issues that could impact the local halal industry.

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Group sees Duterte’s ‘Build’ program meeting WB standard

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The government’s ambitious “Build, Build, Build” program will allow the country to ramp up infrastructure spending and meet the World Bank’s recommended level in the medium term, London-based economic research firm Capital Economics said.

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Nomura raises 2018 PH growth forecast

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Japanese financial giant Nomura has raised its 2018 growth forecast for the Philippines while projecting four interest rate increases next year on expectations that the inflation rate could exceed the government’s target range.

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PCC records P2-trillion worth of merger and acquisition transactions since 2016

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The Philippine Competition Commission (PCC) has been notified of over P2 trillion worth of merger and acquisition transactions since last year, an official said.

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Will sex scandals make men wary of women at work?

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NEW YORK -- Some women, and men, worry the same climate that’s emboldening women to speak up about sexual misconduct could backfire by making some men wary of female colleagues.

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Fitch raises PH credit rating as investors ignore drug war noise

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Debt watcher Fitch Ratings on Monday, Dec. 11, updated the Philippines’ credit rating to ‘BBB’ from ‘BBB-‘ with a stable outlook, citing that the Duterte administration’s war against illegal drugs has yet to deter investors.

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United Nations: Global economy growing at 3%, highest rate since 2011

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UNITED NATIONS -- The global economy is growing by about 3 percent -  its highest rate since 2011 and a significant acceleration from 2016, the United Nations (UN) said on Monday, Dec. 11.

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China’s biggest telco chosen to break PH duopoly

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Beijing has chosen China Telecom, China’s largest telecommunication company, as the third new player that would try to break that duopoly in the Philippine telecommunications market, Presidential Communications Secretary Martin Andanar said on Sunday, Dec. 10.

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Dramatic BPO resurgence seen in 2018

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The Philippines will likely see a dramatic resurgence in the businessprocess outsourcing (BPO) industry next year on the back of improved relations with the US, in turn boosting office space take-up to another record high and making Metro Manila one of Asia’s top office markets.

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