The Philippine government is leveraging support from foreign lenders this year to drive its development objectives, securing billions in loans for projects aimed at transforming the country. Online documents reviewed by the Manila Bulletin revealed that the Marcos administration will borrow a total...
State-owned Bases Conversion and Development Authority (BCDA) has authorized its subsidiary, Poro Point Management Corp. (PPMC), to manage the interim operations of the San Fernando Seaport in La Union. In a statement on Friday, Jan. 3, Joshua M. Bingcang, BCDA president and chief executive...
The local financial markets sent mixed signals to investors as the new year began, with the Philippine Stock Exchange index (PSEi) climbing slightly higher while the peso slipped against the US dollar, setting the stage for a potentially volatile 2025. The peso began the year with a slight...
The Financial Executives Institute of the Philippines Research and Development Foundation (FINEX Foundation) has decided to join other shareholders of the Philippine Dealing System Holdings Corporation (PDSHC) in selling its stake to the Philippine Stock Exchange (PSE). In a disclosure by the PSE,...
Despite the growing reliance of manufacturing industries on service inputs, the Philippines has been falling behind many of its regional neighbors in global value chain (GVC) participation. The Philippine manufacturing sector has struggled with GVC participation, even though the country has a...
Despite a national push for artificial intelligence (AI) integration, local businesses, especially micro, small, and medium enterprises (MSMEs), struggle to adopt AI technologies due to infrastructure, awareness, and funding barriers. According to a recent study by the Philippine Institute for...
The Philippine bamboo industry has an "enormous" potential for bigger and higher-value exports to the global market, according to the Asian Development Bank (ADB). "The Philippines' major bamboo species, Dendrocalamus asper , is known as the giant bamboo because of its massive culms and towering...
The Asian Development Bank's (ADB) newest loan to its host country, the Philippines, which will finance reforms in managing public funds, is scheduled to be repaid until 2039. Documents showed that the loan agreement for the $500-million Public Financial Management (PFM) Reform Program (Subprogram...
The local stock market dipped on the last trading day of the year as index heavyweights continued to drag down the PSEi even though more stocks were up. The main index shed 10.23 points or 0.16 percent to close 2024 at 6,528.79 as Banks suffered the biggest loss while Mining stocks surged. Volume...
The Philippine Stock Exchange Index (PSEi) managed to eke out a gain despite some index heavyweights weakening and offsetting the broader market's gains. The main index added 4.11 points, or 0.06 percent, to close at 6,539.02, with the Property sector leading the advance while the Conglomerates and...
More than three decades after the country embarked on a devolution agenda, a new Philippine Institute for Development Studies (PIDS) study raised critical issues in local government spending, particularly in light of the 2019 Mandanas ruling. According to PIDS, the Madanas ruling, which...
Bicol Saro Partylist Representative Brian Raymund Yamsuan is now pushing for a measure that seeks to grant cash incentives of up to P1 million to film makers, literary writers and other performers in the creative sector who will win major awards in international competitions. In filing House...
