Adult unemployment in the Philippines had reached a record-high of 34.4 percent – or 13.8 million Filipinos – in the first quarter of 2012, pollster Social Weather Stations ( SWS ) revealed on Monday. Read more...

Private sector workers in Metro Manila will receive an additional PhP 30 cost of living allowance (COLA) in the next few months following the approval of the National Capital Region wage board on Friday. Read more...

Overseas Filipino workers (OFWs) remitted more than USD 1.7 billion to the Philippines last March, five percent higher than last year's figures, the Bangko Sentral ng Pilipinas (BSP) said. Read more...

Local quick-service restaurant Jollibee has been named by an international travel magazine as one of the best fast food chains in the world.

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The construction of the billion-dollar Metro Railway Transit System 7 (MRT-7) project is set to commence this year following the inking of an agreement between the project's proponent and the consortium that will build the passenger rail that will run along Commonwealth Avenue. Read more...

Effective today, local companies are rolling back prices of petroleum products by at least 25 centavos per liter, acknowledging global declines in oil prices.

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The recently-released results from the Grant Thornton International Business Report (IBR) for the first quarter of 2012 have pegged Filipino business leaders as the fourth most optimistic in the world.

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