DAVAO CITY – The Mindanao Development Authority will step up its advocacy for public-private partnerships starting next year to support and increase the capabilities of local government units in Mindanao. MinDA Chairman Secretary Leo Tereso A. Magno, speaking at the Wednesday Media Forum in a...
Manila-based Asian Development Bank (ADB) has approved a $14.8 million (P856.8 million) technical assistance grant to boost climate action, drive innovation, and enhance private sector growth in its regional projects. ADB, in its Dec. 5 statement, said the assistance will support initiatives in...
Local share prices eased for the third straight day due to the higher inflation rate for November. The main index dropped 39.19 points or 0.58 percent to close at 6,690.77 as the Services sector led the retreat while Conglomerates and Miners bucked the trend. Volume was lower at 863 million shares...
The local stock market benchmark ended marginally lower again as investors wait for the release of Philippine inflation numbers for November. The main index inched down by 4.25 points or 0.06 percent to close at 6,729.96 although only Conglomerates and Miners were in the red. Volume rose to 494...
Ayala Healthcare Holdings Inc. (AC Health), a member of the Zobel-led Ayala Group, is leading the private sector’s efforts to fight the HIV epidemic in the Philippines through a partnership with the US Agency for International Development (USAID). In a statement, the country’s oldest...
The PSEi dipped as investors continue to wait for cues from the upcoming release of economic data this week. The main index shed 8.68 points or 0.13 points to close at 6,734.21 as Conglomerates led the decline while the Services and Mining counters advanced. A total of 492 million shares worth...
President Marcos' economic managers have revised their growth projections for this year and adjusted their outlook for the following years amid global uncertainties. Budget Secretary Amenah F. Pangandaman said in a statement that the country’s economy, as measured by gross domestic product (GDP),...
IDC Prime, a wholly owned subsidiary of the listed real estate firm Italpinas Development Corporation (IDC), has tapped Dusit International to operate two upcoming hotels in a move to develop the hospitality component of IDC Prime's projects with world-class hotel assets. IDC Prime has signed a...
The Bangko Sentral ng Pilipinas (BSP) highlighted the Philippines’ potential as an investment destination for Islamic finance, citing the country's growing economy and the government’s push for financial inclusion. In a statement on Monday, Dec. 2, BSP Governor Eli M. Remolona, Jr. said that...
Despite the Philippine government's ambitious commitment to mitigate and adapt to climate change, public expenditures to do so have been lacking, according to the Asian Development Bank (ADB). "Climate finance remains insufficient to combat the increasing impacts of climate change. An estimated...
The Asian Development Bank (ADB) is pushing to equip local government units (LGUs) in the Philippines with the know-how to roll out more public-private partnership (PPP) projects. "The success of PPP projects largely depends on the capability of implementers. The PPP Center alone will not be able...
Share prices plunged again as the market remains volatile, this time as investors worry about the plan of incoming US President Donald Trump to slap fresh tariffs on imports. The main index fell 104.27 points or 1.53 percent to close at 6,702.59 with Conglomerates suffering the biggest loss. Volume...
