The World Bank has cited some inroads in the long-delayed Metro Manila flood control project, which is being partly funded by a loan it approved eight years ago. "The progress is moderately satisfactory with 38 pumping station construction sites and solid waste reduction activities," the...
The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable future, Asian Development Bank (ADB) President Masato Kanda said at the opening session of the multilateral lender’s 58th annual meeting of its board of governors in Milan, Italy....
Lopez-led First Gen Corp. (FGen) reported that its first-quarter net income declined by four percent due to lower geothermal output, market price movements, and a lapsed power deal. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, May 6, FGen said its recurring net income during...
The local stock market declined as investors pocketed gains from its recent runup prior to the release of makor economic reports. The main index dropped 52.23 points or 0.81 percent to close at 6,359.63 with the retreat led by Conglomerates and Miners. A total of 700 million shares worth P5.67...
With major infrastructure projects and a dynamic workforce, Central Luzon will continue attracting more property developments in the region, Colliers Philippines Senior Researcher Joey Bondoc mentioned. At the recent business forum titled "Talakad: Central Luzon 's Economic Rise" held at...
The Department of Economy, Planning, and Development (DEPDev) officially launched the Trabaho Para sa Bayan (TPB) Plan 2025-2034 on Monday, May 5, marking the Philippines’ first 10-year labor market development strategy. The landmark plan lays out a comprehensive roadmap for job creation, labor...
The Manila-based multilateral lender Asian Development Bank (ADB) on Sunday, May 4, announced plans to expand its support for long-term food and nutrition security in Asia and the Pacific by $26 billion, raising its total commitment for food security initiatives to $40 billion for the period 2022...
In a “macho culture” where the concept of family planning responsibility is usually passed to women, the Commission on Population and Development (CPD) seeks responsible men to be like Drew Arellano. On Tuesday, the popular television host went viral on social media over his decision to undergo...
The PSEi rallied on expectations of a US trade deal coupled with upbeat first quarter earnings reports. The main index jumped by 102.80 points or 1.64 percent to close at 6,354.99 with the Property sector and Banks leading the charge although the Services and Mining counters dropped. Volume rose to...
The local stock market ended almost flat as investors continue to wait for fresh economic news amid uncertainty in the global front. The main index inched up 2.69 points or 0.04 percent to close at 6,252.19 with sectoral indices evenly mixed. Volume was still low at 622 million shares worth P4.88...
The Philippines and the Like-Minded Group for Middle-Income Countries (LMG-MICs), has adopted on Tuesday, April 29, the Makati Declaration on Middle-Income Countries, which will serve as a roadmap for member-states to address present challenges to their continuous growth, lack of access to funding...
The local stock market declined as some investors took profits while waiting for fresh leads although this was partly offset by the start of window-dressing before April ends. The main index shed 19.25 points or 0.31 percent to close at 6,249.50, pulled down by the retreat of Banks while...
