State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
Local stocks edged lower as investors weighed warnings from President Ferdinand Marcos Jr. that persistent global supply disruptions could push the economy into stagflation. The benchmark Philippine Stock Exchange index (PSEi) dropped 3.40 points, or 0.06 percent, to close at 5,893.40 on Wednesday,...
The Asian Development Bank (ADB) said multilateral development banks (MDBs) are coordinating efforts to help countries manage the economic fallout from the conflict in the Middle East through financing support, policy assistance, private-sector instruments, and technical expertise. In a statement...
Local equities fell for a consecutive session, with the benchmark index slipping below a key psychological support level as rising global oil prices and sputtering peso triggered the selloff. The Philippine Stock Exchange index (PSEi) dropped 44.72 points, or 0.75 percent, to finish at 5,896.8 on...
As the Philippines continues to confront housing needs projected at 3.7 million until 2028 according to Department of Human Settlements and Urban Development (DHSUD), the Subdivision and Housing Developers Association (SHDA) is calling on the housing sector to move forward in greater synergy as it...
Pag-IBIG Fund reported year-on-year growth in its net income for the first quarter of 2026, further strengthening its capacity to protect members’ savings, provide affordable home financing, and support more Filipino workers in their journey toward homeownership, top officials announced Tuesday,...
Escalating tensions in the Middle East and the resulting spike in global oil prices could trigger broader economic disruptions in the Philippines, worsening inflation, weakening the peso, and raising costs across transportation, food, tourism, and other energy-intensive industries, according to...
The Philippine Stock Exchange index (PSEi) declined on Monday, May 18, as oil prices rose on fear that the United States (US) may resume its war in Iran after failing to break the deadlock in peace negotiations. The main index dropped 35.25 points, or 0.59 percent, to close at 5,941.52. Miners...
Seven multilateral development banks (MDBs), including the Manila-based Asian Development Bank and the World Bank Group (WBG), pledged coordinated support measures to help countries manage the economic fallout from the ongoing conflict in the Middle East. In a joint statement released in Paris,...
On May 9, Delegation of the European Union to the Philippines brought Europe Day out of diplomatic halls and into one of Manila’s most symbolic public spaces: Rizal Park. Held in partnership with the National Parks Development Committee, the celebration transformed the park’s European...
More than a decade after the World Bank approved financing for the Cebu Bus Rapid Transit (BRT) Project, the flagship urban transport initiative remains far from achieving its original objectives, with only a short section of the corridor substantially completed before the loan expires in...
Local stocks retreated on Friday, May 15, pulling the benchmark index back below the 6,000 psychological threshold as sliding peso and cooling remittance data prompted investors to reduce exposure ahead of the weekend. The Philippine Stock Exchange index (PSEi) fell 38.26 points, or 0.64 percent,...
