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...
State-owned Development Bank of the Philippines (DBP) has been recognized by an international group of development financial institutions for its programs aimed at advancing financial inclusion in agriculture and restoring forest cover. DBP President and Chief Executive Officer Michael O. de Jesus...
The PSEi rose on upbeat United States (US) data and expectations of a Bangko Sentral ng Pilipinas (BSP) rate cut next week, but failed to close above the 6,400-level due to concerns over Israel’s bombing of targets in Iran. The main index added 14.27 points, or 0.22 percent, to close at 6,395.59....
A new $400-million (over ₱22-billion) loan to be greenlit by the Manila-based Asian Development Bank (ADB) for the Philippines aims to enhance its host country 's business environment through technology. An ADB concept note dated May 31 showed that the fact-finding mission for the Business...
Raising the minimum wage by ₱200 would have “dangerous repercussions,” including hurting the Philippine economy, small business owners, and driving a spike in consumer price hikes, according to the Marcos administration’s economic managers. This comes as the public has intensified their...
The Social Housing Finance Corporation (SHFC) is rolling out capacity-building initiatives focused on education and livelihood—backed by international artist and philanthropist Apl.de.Ap—to uplift low-income families in government housing communities. SHFC President and CEO Federico Laxa and...
The Philippine Stock Exchange index (PSEi) dropped after the Bangko Sentral reported that foreign direct investments slid in the first quarter of the year. The main index lost 58.46 points, or 0.91 percent, to close at 6,347.67, as Banks led the retreat across the board. Volume rose to 1.45 billion...
Philippine Army (PA) Reserve Officer Training Corps (ROTC) cadets showcased next-generation technological research designs for defense and disaster response during the first ROTC Innovation Expo at the Technological University of the Philippines (TUP) Main Campus in Ermita, Manila on Sunday, June...
The Philippine Stock Exchange index (PSEi) started the week on firmer footing after the government reported higher international reserves, while US and China agreed to more trade talks. The main index added 29.34 points or 0.46 percent to close at 6,406.13 on the back of advances by Conglomerates...
The Philippines will receive a $500-million loan, or about ₱27.9 billion, from the Asian Development Bank (ADB) to support efforts to make the local agriculture sector more sustainable through 2030. ADB agriculture, food, nature, and rural development sector office senior director Qingfeng Zhang...
The Manila-based Asian Development Bank (ADB) will invest $1.5 billion, or about ₱83.8 billion, through a five-year farming program aiming to improve rice productivity and low-carbon rice production across Asia and the Pacific (APAC), including the Philippines. This is part of the multilateral...
