Term deposit yields drop on BSP rate cut hopes
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits declined on Wednesday as Philippine inflation settled within target in December and in full-year 2024, which could open the door to further rate cuts this year.Demand for the central bank’s
Philippine Labor Force Situation
Philippine Labor Force Situation - BusinessWorld Online THE UNEMPLOYMENT RATE in November dropped to its lowest in five months as businesses
Improving the pension system
PHILIPPINE STAR/MIGUEL DE GUZMANBy raising its members’ contribution rate to 15% starting this January, the Social Security System (SSS) expects to extend its fund life by 28 years. In essence, the SSS claims it will have sufficient resources to provide
Can the Philippines keep its title as contact center capital of the world?
INDUSTRY.GOV.PHBy Christopher ConnollyTHE PHILIPPINES continues to be the global leader in the contact center industry, and if the country wants to retain this position for the next 10 years, urgently modernizing processes with the use of generative artificial intelligence (AI)
Megawide secures SEC nod for capital increase
MEGAWIDE.COM.PHSAAVEDRA-led Megawide Construction Corp. secured the approval of the Securities and Exchange Commission (SEC) for its planned capital increase.The SEC approved Megawide’s increase in total authorized capital stock to P5.180 billion from P5.116 billion on Jan. 7, the company said