Dividends from the Maharlika Investment Corporation (MIC) will not offer relief for the recapitalization of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP), the head of the sovereign wealth fund stated. During a Jan. 28 press conference,...
The local stock market fell to a 14-month low as investors turned cautious and sold off shares ahead of the Chinese New Year holiday. The main index dropped 43.41 points, or 0.70 percent, to close at 6,153.47. The services sector plunged, while the banks and industrials sectors managed to gain....
The Philippine Stock Exchange (PSE) index continued its decline as investors awaited the results of the US Federal Reserve meeting and the release of Philippine economic growth figures. The main index plunged 99.32 points, or 1.58 percent, to close at 6,196.88, with the Industrial sector leading...
Economies across the Asia-Pacific region can withstand headwinds from the policies of the Trump 2.0 administration that are deemed detrimental to global free trade and climate financing, according to a top Asian Development Bank (ADB) official. Once the United States imposes tariffs, "China, of...
Ayala Corporation has secured a $100-million (about P5.841 billion) financing deal with the Asian Development Bank (ADB) to accelerate the development of an electric mobility ecosystem in the Philippines. “This funding will be used to procure and install electric vehicle charging stations...
An environmental watchdog has sounded the alarm on RA 12120 or the Philippine Natural Gas Industry Development Act, which seeks to boost the share of natural gas, a polluting fuel, in the country’s energy mix. While the law aims to promote it as “a safe, efficient, and cost-effective source of...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte is upbeat with the changes coming to the National Economic and Development Authority (NEDA), which is set to transition into the...
Share prices fell despite gains in the US after the Philippine government cast doubts about meeting last year’s economic growth target. The main index dropped 82.66 points or 1.30 percent to close at 6,296.20 as Banks led the retreat with only Miners bucking the trend. Volume grew to 1.14...
Makati Development Corporation (MDC), the construction arm of Ayala Land, continues to pursue exciting innovations in sustainable construction by unveiling the Philippines' first electric (EV) cement mixer, EV trailer tractor, and EV charging station for heavy equipment, revolutionizing operations...
Citihome Builders and Development Inc. (CBDI) CEO and President Rosie Tsai, Architect Joel Luna, CBDI Executive Vice President John Philip Wang lead the toast during the launch of Paseo de Lipa township development. With the recent launch of Paseo de Lipa, families and their kinship ties can come...
The Marcos administration aims to lift more Filipinos above the poverty line by reducing the volume of poor individuals to 13.2 percent or lower this year, deflating by 2.3 percent from 2023. “With the robust labor market performance and inflation deceleration in 2024, we expect to see...
Albay 2nd district Rep. Joey Salceda (Facebook) The impending institutionalization of the Department of Economic Planning and Development (DEPDev) fulfills a key mandate of the Constitution after nearly four decades. Thus, said Albay 2nd...
