The Manila Hotel has entered into a landmark partnership with the Technical Education and Skills Development Authority (TESDA) through the signing of a Memorandum of Understanding (MOU). The partnership designates the historic hotel as an official training ground for aspiring hoteliers and...
Hotel101 Global Pte. Ltd., the Singapore-headquartered subsidiary of NASDAQ-listed Hotel101 Global Holdings Corp., has entered into definitive agreements to develop two hotel projects in Cambodia worth ₱6.3 billion. Hotel101’s parent company DoubleDragon Corp. reported to the Philippine Stock...
The government has programmed ₱419.9 billion in infrastructure spending for the third quarter, the biggest quarterly infra disbursement for 2025, at a time when allegedly fraudulent flood control projects are taking the spotlight amid concerns about some wasteful and corruption-laden public...
The Philippine Stock Exchange index (PSEi) dipped as investors continued to wait for market-moving news. The main index shed 11.21 points, or 0.18 percent, to close at 6,277.67 on Tuesday, Aug. 19. The Services counter led the decliners, while the Conglomerates and Mining sectors managed to...
Asian exports, including those from the Philippines, are seen remaining resilient in the second half of the year, contrary to earlier expectations that regional shipments would slump once front-loading ahead of United States (US) tariffs wane, according to the think tank Capital Economics....
The Philippine Stock Exchange index (PSEi) started the week on a soft note as share prices declined amid a lack of fresh catalysts. The main index dropped 27.05 points, or 0.43 percent, to close at 6,288.88. Sectoral indices were mixed. Volume declined to 747 million shares worth ₱6.18 billion,...
The Department of Public Works and Highways (DPWH) is now investigating into how a construction company with only P250,000 in capital was able to corner around P5.3 billion worth of flood control projects this year. DPWH Secretary Manuel Bonoan said the agency will review the records of the...
The Manila-based Asian Development Bank (ADB) has officially designated Andrew Jeffries as its new country director for the Philippines effective Monday, Aug. 18, 2025. Jeffries will lead the ADB’s operations in its host country, which currently holds an active portfolio valued at approximately...
Malacañang has issued an administrative order reorganizing the composition of the Economy and Development Council (formerly known as the NEDA Board) and its committees to strengthen government coordination in implementing socioeconomic policies and programs. Administrative Order No. 37, signed by...
The Department of Agriculture (DA) is seeking ₱3.5 trillion in total investments—including support from the private sector—to transform the country’s agriculture sector into a more robust, economically viable contributor to national food and economic security. During the launch of the...
After the end of the second quarter earnings season, local stock market investors will still be shifting through financial reports while also keeping an eye on the impact of the new Philippine Stock Exchange index composition. “The market will be closely watching the upcoming PSEi rebalancing set...
Despite an increase in the Philippines’ general government (GG) debt-to-gross domestic product (GDP) ratio to 57.1 percent in 2024, the Marcos Jr. administration is targeting to gradually lower this debt ratio to the 54-percent level by the end of 2028. This was indicated in the national...
