Local equities advanced, pushing the benchmark index back above the key 6,400 threshold, as the temporary breather in global energy markets and anticipation of strong second-quarter earnings lured bargain hunters back to the table. The Philippine Stock Exchange index (PSEi) climbed 78.96 points, or...
State-run Bases Conversion and Development Authority (BCDA) is now ready to begin the planned modernization of Poro Point Seaport in La Union province following the award of more than ₱68 million in funding to determine its viability as a public-private partnership (PPP) project. In a social...
Prime Energy Resources Development NV completed a month-long maintenance shutdown at the Malampaya deep-water gas-to-power project, restoring domestic gas flows and clear-cutting the path for a major field expansion by late next year. In a statement on Friday, July 17, Prime Energy said that gas...
The development of a United States-backed mining project in Zambales, which could yield up to 20,000 metric tons (MT) of critical minerals annually, remains on track as cooperation deepens under the Washington-led Pax Silica initiative. US Trade Development Agency (USTDA) Deputy Director Thomas...
Local equities rose for the second consecutive day as easing concern over the path of United States (US) interest rates and major foreign investment proposal in the local energy sector bolstered investor sentiment, overshadowing geopolitical tensions in the Middle East. The Philippine Stock...
More idle government assets valued at roughly ₱30 billion are expected to be disposed of through privatization as the government successfully completed the ₱1-billion sale of one floor of Atrium of Makati, bringing first-half revenues close to the full-year figure for 2025. On Thursday, July...
The Department of Economy, Planning, and Development (DEPDev) has raised concerns over the sharp decline in the share of untied official development assistance (ODA) flowing into the Philippines, warning that the trend could reduce the flexibility and effectiveness of foreign-funded development...
The Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund inspected housing projects and turned over house-and-lot units in Tarlac on Wednesday, July 8, marking further progress under President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, July 15, lifted by gains on United States (US) markets after a lower inflation rate eased fears of an aggressive US Federal Reserve (Fed) rate hike. The main index gained 46.48 points, or 0.74 percent, to close at 6,302.5. Banks led the...
PT Barito Renewables Energy has submitted an unsolicited proposal to acquire Energy Development Corp. (EDC) in a transaction that values the equity of the Philippines’ premier geothermal producer at approximately ₱308 billion. The development, which could be one of the largest potential clean...
The Asian Development Bank (ADB) has revamped its crisis response toolkit to help developing Asia-Pacific economies respond more quickly to energy supply disruptions and food price shocks stemming from the ongoing Middle East conflict, while strengthening resilience against future crises. In a...
The Philippines aims to complete negotiations with the United States (US) on the long-term framework governing the artificial intelligence (AI) industrial hub at New Clark City in Tarlac province under the Pax Silica partnership within two to three months, according to state-run Bases Conversion...
