The Philippine Stock Exchange index (PSEi) rose for the third day in a row on Monday, May 25, as oil prices continued to decline on hopes for successful peace negotiations between the United States (US) and Iran. The main index added 47.98 points, or 0.8 percent, to close at 6,009.38. Banks led the...
Electricity subsidies remain necessary to help vulnerable households and remote communities access power, but the Philippine government needs to improve targeting mechanisms to reduce leakages and ensure long-term sustainability, according to experts at a recent webinar organized by state-run...
The National Grid Corporation of the Philippines (NGCP) plans to invest nearly ₱7 billion in a dedicated substation to guarantee a stable power supply for New Clark City in Capas, Tarlac, anticipating a surge in demand from a planned artificial intelligence (AI) industrial hub. Joshua Bingcang,...
Filinvest Development Corp. has formally inaugurated its first large-scale solar power project in Mindanao, marking the conglomerate’s expansion into the utility-scale renewable energy market to capture growing regional demand. The 20.774-megawatt peak (MWp) ground-mounted solar facility,...
State-owned Development Bank of the Philippines (DBP) has allotted ₱96.75 million under its flagship corporate social responsibility (CSR) program, which expands access to quality education nationwide to financially challenged high school students, a top official said. DBP President and Chief...
The Philippine Stock Exchange index (PSEi) rose again in thin volume on Friday, May 22, on hopes of peace between the United States (US) and Iran, which has also led to lower world crude oil prices. The main index added 40.70 points, or 0.69 percent, to close at 5,961.40. Conglomerates led the...
Officials from the Department of Human Settlements and Urban Development and Pag-IBIG Fund conducted a site inspection and ceremonial turnover of housing units under President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program in Cabuyao, Laguna, on Thursday, May 21....
The cosmos has long sparked human curiosity. Few experiences invite us to reflect on the vastness of the universe—and the gift of life itself—quite like standing under a canopy of stars. As global temperatures rise, more people are turning to the night sky for adventure, healing, and...
Local equities snapped a four-day losing streak as investors selectively accumulated beaten-down shares, tracking an overnight rally on Wall Street fueled by optimism surrounding the potential geopolitical de-escalation between the United States (US) and Iran. The benchmark Philippine Stock...
Philippine financial system’s total resources swelled to ₱37.45 trillion in the first quarter of 2026, fueled by resilient banking sector that managed to outpace macroeconomic headwinds and heightened geopolitical tensions in the Middle East. Preliminary data from the Bangko Sentral ng...
The growth of global merchandise trade is expected to ease to as low as 1.5 percent this year as geopolitical tensions cast doubt on supply chains and threaten demand for critical inputs such as semiconductors, according to the United Nations Conference on Trade and Development (UNCTAD). In its...
The Philippine government has asked the World Bank to restructure and partially cancel over $2.34 million in unused proceeds from a Duterte-era loan supporting the country’s flagship Pantawid Pamilyang Pilipino Program (4Ps), even as the Washington-based multilateral lender cited the project’s...
