In a significant move towards sustainable transportation, President Ferdinand R. Marcos Jr. has called on Tesla to consider manufacturing electric vehicles (EVs) in the Philippines. This appeal was made during the launch of the Tesla Service Center at Bonifacio Global City, a landmark event that underscores the country’s commitment to green technology and innovation. The…
Manila, Philippines — The Philippine tourism industry achieved an unprecedented milestone in 2024, with revenues soaring to an all-time high of P760 billion, according to Department of Tourism (DOT) Secretary Christina Garcia Frasco. This remarkable performance represents a 9% increase over the P697.46 billion generated in 2023 and an impressive 126% growth from pre-pandemic levels…
Upskilling is becoming essential in the rapidly evolving global workforce. According to a recent World Economic Forum (WEF) report, an estimated 68% of Filipino workers will need to retrain or upskill to stay relevant in the job market. This statistic underscores the importance of continuous learning and adaptation in the face of technological advancements and…
Economic fears fuel support for hostile actions was notably higher among younger respondents, with 53% of those aged 18 to 34 approving such measures. This trend underscores a growing frustration and a lack of hope for the future, particularly among the younger generation.
As Finance Secretary Ralph Recto announced, the Philippines is set to significantly return to the offshore debt market in the first half of 2025, with potential issuances of global and euro bonds. This move aims to bridge the country’s budget deficit.
According to a recent study by the Philippine Institute for Development Studies (PIDS), the Philippines is making strides toward achieving upper middle-income status by 2025. Despite facing global economic challenges and domestic issues, the country’s economy showcased remarkable resilience in 2023, reaching a 5.6% growth rate. Although this growth is slower than the 7.6% expansion…
