DAVAO CITY – As many provinces in Mindanao have been declared insurgency free, Mindanao Development Authority (MinDA) Secretary Leo Tereso Magno believes that the time is ripe now for the region to accelerate development efforts amid the gains in the peace process. Speaking before the delegates...
The Bases Conversion and Development Authority (BCDA) has completed three agreements with the Japanese government and private sector partners to accelerate the development of its thriving economic hubs. In a statement on Wednesday, Oct. 1, the BCDA said these deals aim to advance waste management,...
The Philippine Stock Exchange Composite Index (PSEi) finally bounced back after a seven-day decline, as investors were enticed to start bargain hunting following lower stock prices. The main index jumped 72.57 points, or 1.22 percent, to close at 6,026.03 on Wednesday, Oct. 1, with Miners leading...
Capital market stakeholders are seeking to tap the vast and growing mass affluent segment of young tech-savvy Filipino investors, as it presents a huge opportunity for wealth creation in the country. To enable this segment to help enlarge the country’s economic pie, a video library project was...
Aiming to transform its role from a traditional “gatekeeper” of standards to a “gardener” that nurtures innovation, access, and quality across the tertiary education sector, a bill seeking to modernize the 30-year-old charter of the Commission on Higher Education (CHED) has been filed. In a...
The Philippine Stock Exchange index (PSEi) is still in the red on Tuesday, Sept. 30, as share prices dropped due to the weak peso and domestic uncertainties. The main index lost 44.14 points, or 0.74 percent, to close at 5,953.46. The property sector led the retreat, while miners and banks...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
Senate Majority Leader Juan Miguel “Migz” Zubiri is pushing for additional funding for the Department of Transportation (DOTr) to fast-track airport upgrades in the country’s top tourist destinations, framing the projects as make-or-break gateways for tourism that will not recover or scale...
The World Bank has extended a $1.7-million, or over ₱98-million, grant to the Philippines to help prepare for a potential project loan that would support early childhood education in the country. In a Sept. 20 letter to Finance Secretary Ralph G. Recto, the World Bank said this financing was...
The Philippine Stock Exchange index (PSEi) dropped for the sixth straight session, breaking below the 6,000 level, as investors worried about the weak peso, the impact of corruption on infrastructure spending, and general weak investor confidence in the economy. The main index shed 29.52 points, or...
State-run think tank Philippine Institute for Development Studies (PIDS) is urging lawmakers to expand and amend major education-related bills to address persistent gaps in access, funding, and governance across the sector. In a statement, PIDS Senior Research Fellow Connie B. Dacuycuy outlined...
The Department of Labor and Employment (DOLE) and the Commission on Higher Education (CHED) have agreed to realign higher education programs to address the mismatch between graduates’ skills and employer requirements. DOLE Secretary Bienvenido E. Laguesma and CHED Chairperson Shirley C. Agrupis...
