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1 day ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – Unemployment rose slightly in April as the manufacturing industry shed jobs amid lower confidence levels, the Philippine Statistics Authority (PSA) reported on Friday, June 6. According to the PSA’s preliminary data, unemployment climbed from 3.9% in March to 4.1% in April, translating to around 2.06 million jobless Filipinos. Meanwhile, underemployment went up to 14.6% from 13.4%.
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2 days ago | 
rappler.com | Tatiana Maligro
Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
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2 days ago | 
rappler.com | Tatiana Maligro
Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
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4 days ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – The Department of Health (DOH) and the Philippine Health Insurance Corporation (PhilHealth) are open to reducing the state health insurer’s premium contribution rate. DOH spokesperson Albert Domingo told the Senate Committee on Health and Demography on Tuesday, June 3, that the two agencies do not object to reducing the PhilHealth premium rate to 3.5% from the current 5%.
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4 days ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – The Department of Health (DOH) on Tuesday, June 3, said it requested P6.8 billion to settle the remaining health emergency allowance (HEA) claims of frontline healthcare workers. DOH Undersecretary Achilles Gerard Bravo told the Senate Committee on Health and Demography that the funding was requested in the department’s 2026 budget proposal.
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4 days ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – DoubleDragon Corporation’s Hotel101 Global is set to become the first Filipino-owned company to be listed in the United States’ Nasdaq composite, one of the country’s most followed stock exchange indices. The real estate firm of Edgar “Injap” Sia II disclosed to the stock exchange on Tuesday, June 3, that the US Securities and Exchange Commission approved the registration statement related to the merger between Hotel101 Global and JVSPAC Acquisition Corporation.
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5 days ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – The Bank of the Philippine Islands (BPI) announced on Monday, June 2, that it will keep its transfer fees at P10 due to strong customer demand. BPI first reduced its InstaPay interbank transfer fee to P10 from P25 in March to entice more customers to switch to digital banking. The promotional rate was initially supposed to end on Saturday, May 31.
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5 days ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – The Department of Transportation (DOTr) is preparing to file economic sabotage charges against online travel agent platform AirAsia MOVE for allegedly overcharging customers for plane tickets. Transport Secretary Vince Dizon told reporters on Monday, June 2, that they are currently finalizing the complaint and aim to press charges within the week.
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5 days ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – Tycoon Enrique Razon’s Prime Infrastructure Capital (Prime Infra) is acquiring a controlling stake in First Gen Corporation’s (First Gen) natural gas subsidiaries. In a disclosure to the Philippine Stock Exchange on Monday, June 2, First Gen said it had executed a term sheet with Prime Infra for the purchase of a 60% stake in the Lopez family’s gas business for P50 billion, subject to adjustments and modifications.
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1 week ago | 
rappler.com | Tatiana Maligro
MANILA, Philippines – The Bank of the Philippine Islands (BPI) is set to exceed its goal of P1 trillion in sustainability loans by 2026, a senior officer said. BPI’s CFO and chief sustainability officer Eric Luchangco told reporters on Thursday, May 29, that green debt comprises P900 billion of its P2.3 trillion loan portfolio as of the first quarter. The Ayala-owned bank initially set this target in 2021. “Our goal is that at least 50% of our book should be sustainability linked.
