The Asian Development Bank (ADB) reported that the de-risking strategy for geothermal technologies in the Philippines is attracting investor interest. In a briefing, Pavit Ramachandran, ADB Country Director for the Philippines, noted that despite potential challenges, stakeholders are already...
In a survey by Pulse Asia, 83 percent of Filipinos prefer brands with eco-friendly operations. While this reflects an interest in environment-safe businesses, all of us must be sustainability changemakers. Sounds heavy? Being one may even require a bit, if not much, of inventiveness. But Filipino...
The Philippine Stock Exchange index (PSEi) ended the day almost flat despite the announcement of a low inflation rate for May, as this was already expected and priced in by the market. The main index shed 1.77 points or 0.03 percent to close at 6,376.79, although only Banks declined, while the...
Niche real estate firm Italpinas Development Corp. (IDC) is expanding its portfolio in Palawan and Mindanao after securing nine hectares of land under joint venture agreements. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has signed a joint venture agreement (JVA) with...
Consumer price increases slowed further to 1.3 percent in May from 1.4 percent in April, marking the slowest pace in nearly six years, with the poorest households experiencing no increase in overall prices. According to the Philippine Statistics Authority (PSA), the country’s headline inflation...
State-run think tank Philippine Institute for Development Studies (PIDS) believes that skepticism surrounding the feasibility of the Association of Southeast Asian Nations (ASEAN) Power Grid is likely to diminish over time, citing investments that could help address this years-long concern. In an...
As the world grapples with the continued rise of plastic pollution across marine and freshwater ecosystems, developing economies such as the Philippines are ramping up the production of non-plastic alternatives, with seaweed as a major source. In its latest global trade update, the United Nations...
Just four months after the takeover of Camp John Hay, Landco Lifestyle Ventures (LLV) boldly reintroduces one of Baguio’s iconic heritage destinations. Now fitted with modern amenities and updated attractions, LLV’s latest hospitality and leisure development project stands true to its...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, June 4, as investors opted to secure profits from the past two trading sessions while awaiting clearer signals from upcoming inflation figures. The main index shed 34.3 points (0.53 percent), closing at 6,378.56. The mining sector...
State-run Development Bank of the Philippines (DBP) reported that its net income surged to ₱1.61-billion in the first quarter of the year, an 82 percent increase from a year earlier due to intensified lending activities in its priority sectors and key industries. In a statement, DBP President and...
Department of Tourism (DOT) Secretary Christina Garcia-Frasco vowed to fast-track efforts that promote inclusive growth and uplift local communities through tourism following her reappointment by President Ferdinand R. Marcos Jr. during the administration’s midterm Cabinet review. The...
After a disappointing 5.7-percent gross domestic product (GDP) growth rate last year, the Philippines is expected to post an even slower growth rate of 5.6 percent for 2025, which would once again fail to reach the government’s growth target of six to eight percent. Growth would only accelerate...
