Public debt in the Philippines moved closer to the 60-percent level at the end of the first quarter of 2026, as the government continued to ramp up borrowings while the private sector remained cautious amid risks stemming from the war in the Middle East. The latest Global Debt Monitor of the...
Local equities rebounded as global market anxieties eased after United States (US) President Donald Trump announced a temporary pause on naval escort operations in the Strait of Hormuz, shifting Washington’s focus toward securing a peace agreement with Iran. The benchmark Philippine Stock...
Samarkand, UZBEKISTAN — The information technology and business process management (IT-BPM) industry, the Philippines’ top dollar earner, needs to overcome infrastructure and talent challenges while keeping pace with emerging technologies such as artificial intelligence (AI) to maintain its...
The majority faction of the Lopez family has escalated its corporate battle for control of their business empire, claiming to have uncovered a third “poison pill” provision designed to entrench First Philippine Holdings Corp. (FPH) Chairman and Chief Executive Officer Federico “Piki” R....
The Economy and Development (ED) Council has approved refinements to the implementation of San Miguel Corp. (SMC)-led Metro Rail Transit Line 7 (MRT-7) and adjustments to a maritime security project involving fast patrol crafts, as the government moves to accelerate infrastructure delivery and...
The Motorcycle Development Program Participants Association Inc. (MDPPA) is optimistic that motorcycle sales will remain on an upward trajectory in the coming months, as higher fuel prices are expected to spur stronger demand for two-wheeled vehicles. As fuel prices remain elevated due to the...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
The University of the Philippines (UP) unveiled its strengthened innovation program at the Inoblasyon: The UP Innovation Summit 2026 in Taguig City, presenting how research is being turned into technologies, startups, and partnerships that support national development. The presentation was held at...
The Malampaya Phase 4 (MP4) project is advancing at a steady clip with subsea pipelaying and offshore construction activities now in full swing offshore Palawan, according to Prime Energy Resources Development NV. In a statement on Tuesday, May 5, Prime Energy said that this development follows a...
Samarkand, UZBEKISTAN — The Philippines urged the Manila-based Asian Development Bank (ADB) to ramp up assistance to its developing member countries (DMCs) amid a wave of climate and geopolitical challenges putting pressure on public finances. Speaking at the Governors’ Business Session...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, May 4, as bargain hunting began after more firms reported first-quarter earnings and outlooks while the United States (US) announced its plan to escort ships passing through the Strait of Hormuz. The main index jumped by...
Samarkand, UZBEKISTAN — “So many” developing Asia-Pacific economies are scrambling to secure concessional financing from the Asian Development Bank (ADB) to bankroll their response to crises caused by the war in the Middle East. “We have already received so many requests from so many...
