Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
Local stocks fell, ending the week lower as a second day of United States (US) airstrikes in Iran drove oil prices higher, stoking renewed global inflation fears and dimming investor appetite for risk assets. The Philippine Stock Exchange index (PSEi) slid 31.30 points, or 0.53 percent, to close at...
The Philippines can play a leading role in the global nuclear energy renaissance if it succeeds in developing a skilled workforce capable of supporting a safe, secure, and modern nuclear sector, a United States (US) Embassy official said on Thursday, June 11. During the Nuclear Workforce...
Twenty-twenty-six marks the diamond anniversary of the Asian Development Bank (ADB), the Manila-based institution that stands at the forefront of the Asia-Pacific’s transition toward a more sustainable and resilient future. Since its establishment in 1966, the ADB has evolved from a traditional...
The Philippine Stock Exchange index (PSEi) dipped marginally on Wednesday, June 10, after shots were again fired between the United States (US) and Iran as the prolonged conflict approached its 100th day. The main index shed 4.35 points, or 0.07 percent, to close at 5,941.36. Mining and oil stocks...
Artificial intelligence (AI) is beginning to reshape trade processes across the Asia-Pacific region, but adoption remains limited as economies grapple with skills shortages, infrastructure costs, as well as regulatory challenges, according to a joint study by the Bangkok-based United Nations...
State-run Clark International Airport Corp. (CIAC) has signed a 25-year lease agreement with Heatcon Asia Inc., a Boeing supplier specializing in composite repair solutions, as part of efforts to strengthen Clark’s aviation and aerospace industry. In a statement on Wednesday, June 10, CIAC said...
Local equities rebounded from a previous session of losses as investors seized on beaten-down shares following the fragile de-escalation of geopolitical hostilities in the Middle East. The Philippine Stock Exchange index (PSEi) advanced 66.3 points, or 1.13 percent, to settle at 5,945.71 on...
Starting in 2028, the Philippines will automatically exchange information on crypto-asset transactions annually with foreign tax authorities, according to the Paris-based Organization for Economic Cooperation and Development (OECD). According to OECD’s “Tax Transparency in Asia 2026: Asia...
The World Bank has approved a six-month extension of its $300-million loan for a delayed project aimed at strengthening Metro Manila’s preparedness for “The Big One” earthquake, after the Philippine government sought more time to implement key activities that have yet to begin. In a...
The Manila-based multilateral lender Asian Development Bank (ADB) has urged countries in Asia-Pacific to accelerate regional power connectivity as mounting geopolitical tensions, soaring electricity demand, as well as energy security risks threaten economic growth and household welfare across the...
The Philippines recorded the lowest demand for digital skills among six Asia-Pacific economies studied by the Manila-based Asian Development Bank (ADB), although employers’ requirements for digital competencies have been rising steadily as technology spreads across a broader range of occupations....
