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Louella Desiderio
Louella Desiderio
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Jobless rate declines to 3.2% in November
by Louella Desiderio - January 9, 2025 - 12:00am
The country saw a drop in unemployment in November as more people secured jobs due to greater labor demand by certain sectors during the holiday season, according to the Philippine Statistics Authority.
Factory output drops in November
by Louella Desiderio - January 8, 2025 - 12:00am
The country’s factory output contracted in November due to declines in the production of food, transport equipment, as well as computer and electronic products, according to the Philippine Statistics Aut...
Inflation heats up to 2.9% in December
by Louella Desiderio - January 8, 2025 - 12:00am
Inflation rose for the third straight month in December, driven by the faster uptick in housing and transport costs, but average inflation for 2024 remained within the government’s two to four percent tar...
MVP group leads Camp John Hay transition
by Louella Desiderio - January 7, 2025 - 12:00am
A Regional Trial Court here has ordered the return of a 247-hectare rented area at Camp John Hay’s Special Economic Zone to the government.
Philippines health care costs to rise 18% this year
by Louella Desiderio - January 7, 2025 - 12:00am
Medical costs in the Philippines are expected to post a double-digit increase this year, the second highest in the Asia-Pacific, according to a survey conducted by global advisory, broking and solutions company...
Over P600 billion projects seek green lane certification
by Louella Desiderio - January 6, 2025 - 12:00am
Around P639 billion worth of projects are seeking green lane status for expedited processing of permits and licenses, according to the Board of Investments (BOI).
BCDA unit takes over San Fernando seaport operations
by Louella Desiderio - January 4, 2025 - 12:00am
State-run Bases Conversion and Development Authority (BCDA) has authorized its subsidiary, Poro Point Management Corp. (PPMC), to manage the San Fernando Seaport in La Union until a new operator is chosen.
Producer prices rise in November
by Louella Desiderio - January 4, 2025 - 12:00am
Factory gate prices inched up in November, driven mainly by the increase in the prices of computer and electronic products, according to the Philippine Statistics Authority (PSA).
Economy resilient but faces risks to future growth
by Louella Desiderio - December 27, 2024 - 12:00am
Despite weather events like typhoons hitting the country this year, the Philippine economy has remained strong and continues to be one of the fastest growing economies in the region.
Cost reduction, competitive pressure driving AI adoption in Philippines
by Louella Desiderio - December 26, 2024 - 12:00am
The need to reduce costs and pressure from competition are key drivers for artificial intelligence adoption among companies in the Philippines, but limited use cases and scalability challenges are obstacles to fully...
PEZA, DOLE sign data sharing agreement to streamline visa processing
by Louella Desiderio - December 26, 2024 - 12:00am
The Philippine Economic Zone Authority and the Department of Labor and Employment have signed a data sharing agreement to streamline the PEZA visa application process as part of efforts to improve ease of doing...
DTI to report on cement safeguard probe in January
by Louella Desiderio - December 26, 2024 - 12:00am
The Department of Trade and Industry will report on the progress of its probe into whether safeguard measures should be imposed on cement imports by January next year.
BOI certifies P4.5 trillion projects for green lane processing
by Louella Desiderio - December 24, 2024 - 12:00am
The government has certified P4.51 trillion worth of projects to go through green lane services for faster processing of licenses and permits, according to the Board of Investments.
ADB OKs $500 million loan for employment recovery
by Louella Desiderio - December 23, 2024 - 12:00am
The Asian Development Bank (ADB) has approved a $500-million loan to the Philippines to support employment recovery through skills training and prepare the workforce for changing industry needs.
Vehicle sales rev up by 8.5 percent in November
by Louella Desiderio - December 23, 2024 - 12:00am
Vehicle sales in the Philippines accelerated by 8.5 percent in November compared to the same month last year, driven by strong demand for passenger cars and commercial vehicles.
DTI, DOF release interim rules on CREATE MORE
by Louella Desiderio - December 22, 2024 - 12:00am
The Department of Trade and Industry and the Department of Finance have issued interim rules to enable investment promotion agencies to register projects and offer incentives under the CREATE MORE Act, while waiting...
BOI eyes P1.75 trillion investment approvals next year
by Louella Desiderio - December 21, 2024 - 12:00am
The Board of Investments (BOI) is aiming to set a new record next year with its goal of approving P1.75 trillion worth of investments, following this year’s all-time high investment approvals.
Feasibility study for ferry system ready by Q1 2025
by Louella Desiderio - December 20, 2024 - 12:00am
The government expects to complete the feasibility study for the proposed ferry system that will traverse Manila Bay, Pasig River and Laguna de Bay by early next year, according to the Public-Private Partnership...
Philippines, Hungary eyeing stronger economic ties
by Louella Desiderio - December 20, 2024 - 12:00am
The Philippines and Hungary are looking to further deepen trade and investment relations by focusing on key sectors such as electronics and semiconductors, information technology-business process management and software...
Local vendors post 5-fold increase during 12.12 sale
by Louella Desiderio - December 20, 2024 - 12:00am
Local businesses registered a five-fold increase in sales during Shopee’s recent 12.12 sale, demonstrating the campaign’s popularity among Filipino consumers.
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