Economy

O!Save reaches 1,000-store milestone
Nov 6, 2026

O!Save reaches 1,000-store milestone

O!Save, partly owned by multi-format retailer Robinsons Retail Holdings Inc., has reached a major milestone with the opening of its 1,000th store in Taguig....

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Farm output plunges to 11-year low in third quarter
Nov 6, 2026

Farm output plunges to 11-year low in third quarter

The country’s agriculture and fisheries output fell to an 11-year low in the third quarter as high production costs and unfavorable climate risks, such as El Niño, constrained  the production of local...

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Jobless Pinoys climb to 2.86 million
Nov 6, 2026

Jobless Pinoys climb to 2.86 million

The country’s unemployment rate went up in September as more Filipinos joined the labor force but were unable to secure jobs, according to the Philippine Statistics Authority (PSA)....

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Stocks tumble on profit taking
Nov 6, 2026

Stocks tumble on profit taking

The local stock market ended the week on a sour note as investors cashed in on gains following a two-day rally....

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SSS death benefits climb to P63.7B in Jan-Sept
Nov 6, 2026

SSS death benefits climb to P63.7B in Jan-Sept

MANILA, Philippines — Death benefits disbursed by the Social Security System (SSS) jumped to P63.74 billion in the first three quarters of the year, driven by the early implementation of a pension inc...

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Peppermint Bizmoto, VITRO Inc. ink MPLS deal to boost payment infra
Nov 6, 2026

Peppermint Bizmoto, VITRO Inc. ink MPLS deal to boost payment infra

MANILA, Philippines — Peppermint Bizmoto Inc., a Philippine electronic money issuer (EMI), is strengthening its digital payment infrastructure through a dedicated Multiprotocol Label Switching (MPLS) ...

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Tesla winding down Cybertruck production
Nov 6, 2026

Tesla winding down Cybertruck production

Elon Musk announced Friday that Tesla will wind down production of its Cybertruck next year after years of poor sales for the electric truck. In a post on the social platform X, the Tesla CEO said Cyb...

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Fed's Williams says inflation too high, targets 2 percent
Nov 6, 2026

Fed's Williams says inflation too high, targets 2 percent

John Williams, the president of the Federal Reserve Bank of New York, said Friday inflation remains too high amid multiple price shocks. "Inflation is absolutely too ​high. It's been too high for too ...

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Trump on stock market losses: 'You only have yourselves to blame'
Nov 6, 2026

Trump on stock market losses: 'You only have yourselves to blame'

President Trump said the stock market “suffered one of the Worst Days in History” on Thursday, a day after it surged following Democrats’ sweeping victories in the midterm elections. The Dow Jones Ind...

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