The Bases Conversion and Development Authority (BCDA) is teaming up with Abu Dhabi-based energy transition firm Esyasoft Technologies Asia to accelerate the shift of New Clark City in Tarlac to renewable energy. In a statement, the state-run firm said BCDA President and Chief Executive Officer...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) has launched a new financing facility to scale up investments in critical minerals-to-manufacturing value chains, as it pushes Asia-Pacific economies to move beyond raw material exports and into higher-value industries. The announcement was...
The government has added five more projects to its 2026 National Priority Plan (NPP), bringing the total to 14 initiatives that private-sector donors can fund to enjoy tax perks, as agencies are being directed to prioritize spending amid a national energy emergency. In an addendum posted on its...
Filipinos are the most alarmed in Asia about climate change, with more than four-fifths of respondents viewing it as a “very serious problem,” the highest share among the economies surveyed, according to the Manila-based multilateral lender Asian Development Bank (ADB). In an economics working...
The Philippine Stock Exchange index (PSEi) retreated to end a shortened trading week as investors weighed the compounding risks of surging energy costs, persistent inflation, and a weakening local currency. The benchmark PSEi fell 74.25 points, or 1.26 percent, to close at 5,833.64 on Thursday,...
The Department of Public Works and Highways (DPWH) has formally demanded payment from LS8 Tourist Transport Corporation following a vehicle fire that caused structural damage to the EDSA-Ortigas Interchange. In a demand letter signed by DPWH Secretary Vince Dizon, the agency cited the fire...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
The Philippine Stock Exchange index (PSEi) snapped a five-day losing streak on Wednesday, April 29, as investors engaged in bargain hunting despite continued depreciation of the local currency. The benchmark PSEi gained 41.1 points, or 0.7 percent, to settle at 5,907.89. The Industrial and Services...
Eighty families in the City of Mati now have safer homes and renewed opportunities after Globe, Ayala Foundation, Inc. (AFI) and Makati Development Corporation (MDC) turned over shelter kits to residents displaced by earthquakes and fires. The initiative helped families secure stable living spaces...
Pag-IBIG Fund released ₱32.92 billion in home loans in the first quarter of 2026, up 9% from ₱30.22 billion in the same period last year, as the agency continued to expand access to home financing for Filipino workers. The amount financed 20,926 homes from January to March 2026, also higher...
The Securities and Exchange Commission (SEC) has approved the application of Cebu-based listed fuel trader and retailer Top Line Business Development Corp. for the shelf registration of ₱15 billion worth of preferred shares, as well as its first tranche offering to raise up to ₱1.5 billion. In...
More than a year after an unsolicited proposal was first submitted, the Subic Bay Metropolitan Authority (SBMA) has formally launched the Swiss challenge for the ₱6.2-billion Subic Bay International Airport (SBIA) project, opening the door to rival bidders for an airport that would complement the...
