Louella Desiderio

The country’s unemployment rate in July rose to its highest level in over four years as more Filipinos joined the workforce, but not enough jobs were available in the market. Preliminary results of the Philippine Statistics Authority’s Labor Force Survey showed that the unemployment rate rose to six percent in July from the previous month’s 4.9 percent and 5.3 percent in the same month last year.

The Information Technology and Business Process Association of the Philippines has teamed up with advisory firms, real estate developers, banks and investment promotion agencies to encourage global firms to locate in the country as part of its aim to hit $50.5 billion in revenue by 2028.

Nearly 80 percent of European businesses plan to continue investing in the Association of Southeast Asian Nations (ASEAN), but the Philippines ranked last among the top markets considered for investment in the region.

Sales of BYD Cars Philippines surged by 99 percent from January to August, surpassing its full-year sales last year, amid sustained demand for new energy vehicles.

MANILA, Philippines — The US Trade and Development Agency (USTDA) and New NAIA Infrastructure Corp. (NNIC) have signed an agreement to modernize the security screening at the country's main international gateway.

Electric vehicles are expected to continue gaining traction in the Philippines and outperform the overall automotive industry, with sales projected to grow by 11 percent this year amid high fuel costs, according to research and analysis firm BMI.

The Luzon Economic Corridor initiative has welcomed the European Union and Spain as its newest partners.

Japanese retail giant Uniqlo is set to open three stores to strengthen its presence in the Philippines.

Honda Philippines Inc. (HPI) hit a milestone as it rolled out the 10-millionth motorcycle produced at its manufacturing facility in Batangas.

Australian-backed renewable energy (RE) company Philippine Aurion Solar Technologies Inc. has invested over P3.34 billion in a solar cell manufacturing facility at the First Philippine Industrial Park (FPIP) in Sto. Tomas, Batangas.