Business

Romualdez hails 2M rise in agriculture, trade jobs

The latest report from the Philippine Statistics Authority reveals a significant rise in job creation for January 2025, with substantial gains in agriculture and trade sectors. House Speaker Martin Romualdez expresses optimism over these developments as the unemployment rate falls, emphasizing the importance of sustaining employment growth nationwide.

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ABS-CBN sells major stake in HQ to Ayala Land

ABS-CBN Corporation has agreed to sell nearly 70% of its Diliman, Quezon City property to Ayala Land Inc. for PHP 6.24 billion. This move aims to raise funds for debt settlement. The sale marks a significant change for the network’s broadcasting center. The deal reflects ABS-CBN’s strategy to strengthen its financial standing. Ayala Land Inc. will acquire a substantial portion of the property. The agreement underscores a reshaping of assets and partnerships in the media and real estate industries.

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