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THE Philippines slipped 14 spots in a global corruption index released on Thursday by Transparency International, which said “a staggering number of countries are showing little to no improvement in tackling corruption.”

LATEST data show a decline in the country’s unemployment rate and underemployment rates in January, the government’s statistical agency reported on Thursday.

THE BANGKO SENTRAL ng Pilipinas is considering the imposition of a cap on interest rates and other fees that lending and financing companies charge on consumer and payday loans, in response to a request by the Securities and Exchange Commission (SEC).

THE Philippines is set to become the 22nd biggest economy in the world over the next 15 years despite the disruption caused by the coronavirus pandemic, a report showed.

THE PHILIPPINE ECONOMY suffered its worst annual contraction on record in 2020, even after gross domestic product (GDP) shrank by a slower pace in the fourth quarter, the statistics agency said on Thursday.

LOCAL banks’ exposure to embattled firm Hanjin Heavy Industries and Construction Philippines (HHIC-Philippines) is “negligible,” a senior central bank official said, noting that local lenders are well-placed to weather these loan defaults.

MORE FOREIGN CAPITAL flowed out of the Philippines than what entered in January as investors opted to put their money in safer havens in a month which saw geopolitical uncertainties, the coronavirus disease 2019 (COVID-19) outbreak and regulatory risk in the local market.

THE CAPITAL MARKETS Integrity Corp. (CMIC) has placed R&L Investments, Inc. under involuntary suspension as it continues its probe on the stock brokerage that was reportedly forced to stop operating after an employee allegedly stole stocks from the firm worth more than P700 million.

RICARDO N. ABAÑO, a 25-year-old call center agent from Parañaque City, dreams of driving his own car someday.

MANILA dropped two spots to 19th in a ranking of city investment prospects in the Asia-Pacific for 2021, a joint report from the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) said.

RAINIER JAY S. UDARBE, 23, has been taking overseas calls from home as a call center agent for an outsourcing company in Makati since the main Philippine island of Luzon was locked down in mid-March to contain a coronavirus pandemic.

By Elijah Joseph C. Tubayan Reporter NOTWITHSTANDING relatively robust growth so far, the Philippine economy’s competitiveness ranking suffered the biggest drop in Asia over snags in...