Some Filipinos classified as “non-poor” may actually be living in poverty, as current measurement methods fail to capture how resources are shared within households, according to state-run think tank Philippine Institute for Development Studies (PIDS). In a statement on Friday, April 24, PIDS...
State-owned Development Bank of the Philippines (DBP) has been recognized by its regulator for its adherence to good corporate governance and by an international organization for its sustainability programs, a top official said. DBP President and CEO, Michael O. de Jesus, said the Bank was hailed...
Concessional financing extended by the Asian Development Bank (ADB) to the Philippines, its host country, in 2025 ranked second largest among the multilateral lender’s developing member countries (DMCs), reaching $4.25 billion or over ₱256 billion. The Manila-based ADB’s 2025 annual report,...
Local stocks retreated on Thursday, April 23, as the central bank 's interest-rate hike and heightened geopolitical tensions between the United States (US) and Iran dampened investor appetite for riskier assets. The Philippine Stock Exchange index (PSEi) slipped 5.75 points, or 0.1 percent, to...
FDC Green Energy Corp. (FDC Green), a subsidiary of the Gotianun-led Filinvest Group’s utility arm FDC Utilities Inc. (FDCUI), is set to commence commercial operations and deliver power to the Mindanao grid through its solar power project in Misamis Oriental province. In a statement on Thursday,...
Philippine motorcycle sales maintained an upward trajectory in the first quarter, rising 11 percent as expensive petroleum prices and high borrowing costs pushed consumers toward more economical transport alternatives. Data from the Federation of Asian Motorcycle Industries (FAMI) showed that the...
Local equities fell for the second consecutive session, dragging the benchmark index below the psychological 6,000-level as investors braced for the potential interest rate hike by the central bank and monitored simmering geopolitical tensions in the Middle East. The Philippine Stock Exchange index...
Asian Development Bank (ADB) President Masato Kanda announced on Wednesday, April 22, his intention to seek a full five-year term as head of the Manila-based lender, positioning himself to steer the institution through a period of heightened geopolitical volatility and climate-driven economic...
Local stocks ended Tuesday’s session virtually unchanged as investors balanced optimism over potential diplomatic breakthroughs in the Middle East against domestic concerns regarding tightening monetary policy. The Philippine Stock Exchange index (PSEi) edged up 2.67 points, or 0.04 percent, to...
State-run policy think tank Philippine Institute for Development Studies (PIDS) has flagged a widening housing gap in Metro Manila, as rapid urban revitalization drives up land values and pushes affordable housing to the periphery. In a statement on Tuesday, April 21, PIDS said that while...
The Chamber of Real Estate & Builders’ Associations Inc. (CREBA) is calling for reforms to the government’s socialized housing framework, citing rising costs and structural inefficiencies that it said could undermine the sector. In a statement on Monday, April 20, CREBA flagged the need to...
The Philippine Stock Exchange index (PSEi) managed to advance on Monday, April 20, despite news that the Strait of Hormuz remains closed amid mixed signals from the United States (US) and Iran regarding their peace talks. The main index added 16.9 points, or 0.28 percent, to close at 6,016.03....
