The Marcos-led Economy and Development (ED) Council has approved the 10-year extension of the water concession agreements of Maynilad and Manila Water to ensure water supply in Metro Manila, Malacañang said Thursday, June 19. In a Facebook post, the Presidential Communications Office (PCO) said...
The PSEi dropped amid see-saw trading this week—volatility is being fed by the Israel-Iran conflict even as investors wait for word from the United States (US) and Philippine central banks, which will hold policy meetings this week. The main index lost 31.76 points, or 0.5 percent, to close at...
More than ₱50 billion in additional government revenues is expected following the approval of a 10-year extension of the concession agreements of major water service providers by the Economy and Development (ED) Council on Wednesday, June 18. The ED Council, chaired by President Ferdinand Marcos...
The Marcos administration, through the Department of Budget and Management (DBM), has already set its national budget priorities for 2026 based on the government’s medium-term development plan. Given the country’s “limited fiscal space,” new budget proposals will be evaluated based on their...
Peso-denominated bonds issued by the Philippine public and private sectors climbed at the start of the year, as both the government and private corporations increasingly tapped the domestic commercial debt market for their financing requirements. Data from the Asian Development Bank 's (ADB)...
The Philippine Stock Exchange index (PSEi) recovered the previous day’s loss on more substantial remittance numbers as well as hopes that the Israel-Iran conflict will de-escalate. The main index added 10.61 points or 0.17 percent to close at 6,3699.19. Industrials led the advance while Banks...
State-run Bases Conversion and Development Authority (BCDA) has remitted ₱2.04 billion in cash dividends to the Bureau of the Treasury (BTr), equivalent to 80 percent of its net income last year, the Department of Finance (DOF) reported. Apart from this being “the highest amount” the BCDA has...
The San Juan City government on Tuesday, June 17, launched a series of programs and events promoting health, environmental sustainability, and community development in celebration of its 18th Cityhood Anniversary. Eighteen years ago, San Juan was converted from a municipality into a highly...
The Philippines climbed one spot in this year’s edition of the World Competitiveness Ranking by the Switzerland-based International Institute for Management Development (IMD), on the back of strong economic performance, while still being among the worst performers in the Asia-Pacific region. The...
The ongoing war between Israel and Iran pulled down the PSEi as it made investors jittery. The main index dropped 37.01 points, or 0.58 percent, to 6,358.58, although sectoral indices were evenly split. Volume was strong at 1.07 billion shares worth ₱8.82 billion, as losers outnumbered...
The Governance Commission for Government Owned or Controlled Corporations (GCG) has secured an over ₱14-million funding from the Manila-based Asian Development Bank (ADB) to harmonize and digitize reporting among state corporations. In 2025, we are proud and honored to have created a partnership...
Even as the Philippine peso depreciated against the United States (US) dollar at a pace that was among the worst among emerging market (EM) currencies last week, the Bangko Sentral ng Pilipinas (BSP) is still expected to cut interest rates this week. Data from the Bankers Association of the...
