The Asian Development Bank (ADB) will mobilize $30 billion by 2030 to help the Association of Southeast Asian Nations (ASEAN) strengthen long-term development priorities and withstand external economic shocks. ADB president Masato Kanda announced the commitment during the 48th ASEAN Summit in Cebu...
Local equities retreated as weaker-than-expected economic growth print and escalating tensions in the Middle East prompted investors to pocket gains before the weekend. The Philippine Stock Exchange index fell 73.3 points, or 1.2 percent, to close at 5,960.97 on Friday, May 9. The Services sector...
LAPU-LAPU CITY, Cebu — President Marcos has called for stronger public-private partnerships (PPPs) within the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) following the adoption of the subregion’s Vision 2035 roadmap. The President underscored the role of...
Top Line Business Development Corp. is moving to future-proof its energy retail footprint in the Visayas through a partnership with Vietnamese infrastructure firm V-Green Charging Stations Philippines Inc. to install electric vehicle (EV) hubs across its fueling network. In a statement on Friday,...
The Multilateral Investment Guarantee Agency (MIGA), the World Bank Group’s (WBG) arm that extends political risk insurance to both private-sector investors and lenders, has renewed its cooperation agreement with the Asian Development Bank (ADB) to support investments and job creation across...
The Philippine Stock Exchange index (PSEi) climbed back above the 6,000 threshold, shrugging off the weaker-than-expected economic growth report as investors focused on potential diplomatic breakthroughs between the United States (US) and Iran. The benchmark gauge advanced 67.06 points, or 1.1...
Samarkand, UZBEKISTAN — Amid comparisons by some local firms claiming that the ongoing oil crisis triggered by the conflict in the Middle East is hurting their business operations more severely than the Covid-19 pandemic, economists from the Asian Development Bank (ADB) said the broader...
The Philippines is heading toward a care crisis as demand for caregiving services rises faster than the country’s capacity to provide support, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). In a statement on Thursday, May 7, PIDS said its recent...
Senator Joseph Victor “JV” Ejercito has filed a bill seeking to strengthen the sugar industry and protect its farmers and workers from over-importation, weak program implementation and declining incomes. In filing Senate Bill No. 2114, Ejercito said it is imperative to improve the functions of...
Public debt in the Philippines moved closer to the 60-percent level at the end of the first quarter of 2026, as the government continued to ramp up borrowings while the private sector remained cautious amid risks stemming from the war in the Middle East. The latest Global Debt Monitor of the...
Local equities rebounded as global market anxieties eased after United States (US) President Donald Trump announced a temporary pause on naval escort operations in the Strait of Hormuz, shifting Washington’s focus toward securing a peace agreement with Iran. The benchmark Philippine Stock...
Samarkand, UZBEKISTAN — The information technology and business process management (IT-BPM) industry, the Philippines’ top dollar earner, needs to overcome infrastructure and talent challenges while keeping pace with emerging technologies such as artificial intelligence (AI) to maintain its...
