The PSEi rose further after the Bangko Sentral kept rates steady, spurring hopes of a long-awaited Santa Claus rally at the bourse. The main index jumped 67.96 points or 1.06 percent to close at 6,478.44 as Conglomerates led the charge but the Property and Mining counters retreated. Volume also a...
The Marcos administration has secured the initial funding required to construct the Bataan-Cavite Interlink Bridge (BCIB), which, upon completion, will rank as one of the longest marine bridges globally. After the signing of a $2.11 billion loan from the Asian Development Bank (ADB), Finance...
The National Economic and Development Authority (NEDA) said the government plans to ramp up the distribution of food stamps and expedite the importation of key commodities to prepare for the potential impact of El Niño. NEDA Secretary Arsenio M. Balisacan said they will team up with the...
BUTUAN CITY – The government has released 88,124 family food packs (FFPs) to earthquake-affected families in Surigao del Sur. The Department of Social Welfare and Development (DSWD)-Caraga based here said they are still attending to the needs of families who are still in evacuation centers as...
The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, has approved the P67.4 billion Dalton Pass East Alignment Road project in Central Luzon. Speaking during a palace briefing, NEDA Secretary Arsenio M. Balisacan said that the 23-kilometer, four-lane...
The National Economic and Development Authority (NEDA) announced that President Marcos has extended the temporary reduction of tariffs on key agricultural products to mitigate the impact of the El Niño phenomenon on consumer prices. NEDA Secretary Arsenio M. Balisacan said Malacañang has given...
The local stock market surged after news that the US Federal Reserve will likely cut rates starting next year. The main index shot up by 154.74 points or 2.47 percent to close at 6,410.48 as Conglomerates led the rally although the Services counter lagged behind. Volume rose to 385 million shares...
Education policymakers should ensure that educational programs align with the demands of the job market to achieve the United Nations’s sustainable development growth number four or quality education, researchers said. In a study by the Philippine Institute and Development Studies (PIDS),...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
CAGAYAN DE ORO CITY – Local government units (LGUs) in Northern Mindanao must ensure basic infrastructure to be able to encourage more investors, as creating more jobs and quality jobs for the people is needed to reduce the poverty incidence in the region, the National Economic and Development...
The government will stick to its growth targets of 6.5 percent to 8 percent for the medium term, National Economic and Development Authority Secretary Arsenio M. Balisacan said on Wednesday, Dec. 13. Balisacan told reporters that the highest range could still be reduced but there are no plans to...
The Department of Energy (DOE) will submit to the Asian Development Bank (ADB) within this month the 10th candidate-port that must be covered in the pre-feasibility study aimed at repurposing these support facilities to service the needs of the flourishing billion-dollar offshore wind industry in...
