The Philippine Stock Exchange index (PSEi) rose for the fourth day on Monday, July 6, on expectations of a lower June inflation rate, although late profit-taking pared most of the day’s gains. The main index added 35.96 points, or 0.58 percent, to close at 6,223.99. Banks led the advance, while...
The Philippine Stock Exchange index (PSEi) closed the week on a positive note as investor sentiment continued to be lifted by lower oil prices and improved macroeconomic signals. The main index rose by 62.31 points, or 1.02 percent, to close at 6,188.03 on Friday, July 3. Miners led the advance due...
The development of the ₱2.5-billion information and communications technology (ICT) infrastructure in New Clark City remains in limbo as the government failed to attract any bidders in its latest attempt to get the project underway, potentially impacting progress on a planned artificial...
Mayor Vico Sotto outlined long-term plans on flooding, housing, transport, health services, and public infrastructure as the city marked Pasig Day on Thursday, July 2. In his speech, Sotto said the city government is preparing major projects aimed at improving public services and supporting...
The Asian Development Bank (ADB) tightened oversight of its Philippine infrastructure projects following the multibillion-peso flood-control corruption scandal that shook its host country, despite finding no evidence of wrongdoing involving contracts it finances. In its Anticorruption and...
The government is looking to include 5,059 priority programs and projects (PAPs), with an investment requirement of almost ₱4.03 trillion, in the proposed 2027 national budget to sustain public investments, especially in infrastructure as well as social development. According to the Department of...
Equities market rose for a second consecutive session as investors welcomed the World Bank’s reclassification of the country’s economic status and the steady performance in domestic manufacturing. The Philippine Stock Exchange index (PSEi) gained 56.46 points, or 0.93 percent, to close at...
Climbing to upper-middle-income-country (UMIC) status comes with a trade-off: the Philippines faces a looming decline in access to concessional official development assistance (ODA), or low-interest loans extended by the country’s multilateral and bilateral development partners. However, for...
Vietnam widened its lead over the Philippines in terms of gross national income (GNI) per capita as the Southeast Asian neighbors both aspire to attain the World Bank’s upper-middle-income-country (UMIC) status. A World Bank board report dated June 18 and disclosed last Monday, June 29, showed...
Local equities snapped a streak of losses, joining the broader regional rally as diplomatic efforts to ease Middle East tensions soothed investor anxiety and drove oil prices down. The Philippine Stock Exchange index (PSEi) advanced 32.09 points, or 0.53 percent, to close at 6,069.26. Despite the...
Senator Raffy Tulfo is pushing for swift changes to Republic Act No. 9344, also known as the Juvenile Justice and Welfare Act, to allocate funds for the creation of a dedicated detention facility for minors involved in heinous crimes. During the hearing of the Senate Committee on Women and...
The Philippine government has fully spent the World Bank financing supporting its flagship Pantawid Pamilyang Pilipino Program (4Ps), marking the successful completion of a nearly six-year project that modernized the country’s social protection system while providing cash assistance to millions...
