The country’s leading business executives are optimistic about the government’s ongoing strategy to enhance the ease of doing business in the Philippines, following the new reform outlook of the Anti-Red Tape Authority (ARTA). In a statement, the Management Association of the Philippines (MAP)...
State-run Philippine Deposit Insurance Corp. (PDIC) has raked in a total of ₱411.4 million from the sale of 281 closed-bank properties in 2024, a 24.7-percent increase from the ₱300-million sales in the previous year. According to PDIC, this improvement is reflective of its “effective asset...
The further interest rate cuts anticipated from the Bangko Sentral ng Pilipinas (BSP) may slightly weaken the peso to beyond the mid-₱56 level this year, according to consensus forecasts collected by the Barcelona-based FocusEconomics. In its June 2025 consensus forecast report for the...
The local stock market rose further as investors continued to bank on expectations of a low inflation rate for May that increases chances for a rate cut. The main index jumped 60.20 points or 0.95 percent to close at 6,412.86 as the interest rate-sensitive Property sector led the advance while...
President Marcos has approved the Coconut Farmers and Industry Development Plan (CFIDP) until 2028. Marcos signed issued Memorandum Circular No. 84 dated May 21 which approved and adopted the Coconut Farmers and Industry Development Plan 2024-2028. The CFIDP aims to provide targeted interventions...
The Philippine Economic Zone Authority (PEZA) has officially approved the country’s largest economic zone (ecozone) to date, which will rise within Iwahig Prison and Penal Farm in Puerto Princesa City, Palawan. In a statement, PEZA said its board of directors gave the greenlight to the Palawan...
Year-to-date investments approved by the Philippine Economic Zone Authority (PEZA) continue to trend upward compared to the previous year, but uncertainties stemming from the United States ' (US) tariff policy are dampening foreign investor interest. In a statement, PEZA said it has approved...
The Bangko Sentral ng Pilipinas ' (BSP) First Philippine Polymer Banknote Series (FPPBS) has been recognized with the "Best New Banknote or Banknote Series" award for its security features, design, and incorporation of Philippine flora and fauna. According to the BSP, the FPPBS received the...
The ongoing study of the Philippine Ports Authority (PPA) on at least three regional port facilities that will serve as support infrastructure to the emerging offshore wind industry in the power sector had hit chokepoints, including budget constraints for two of them; while the plug had been pulled...
Ayala Corporation reported that Globe Fintech Innovations Inc. (Mynt, the owner of GCash) is undergoing a stock split that will result in a lower par value per share and increase its market appeal when it launches its initial public offering. In a disclosure to the Philippine Stock Exchange, Ayala...
Japanese financial giant MUFG Bank Ltd. sees t he peso 's appreciation streak against the United States (US) dollar being sustained until early 2026. "We continue to forecast the Philippine peso to strengthen against the US dollar, reflecting low inflation, continued space for rate cuts, FDI...
The Senate bill seeking to expand the Philippine Science High School (PSHS) campuses and make them more accessible to high school students nationwide has been approved on third and final reading. Senate Bill No. (SBN) 2974, otherwise known as the Expanded Philippine Science High School (PSHS)...
