Former Budget secretary Amenah Pangandaman was tapped by President Marcos to be the chairperson and chief executive officer (CEO) of the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) as he believes that she can perform the job well. This was what Palace Press Officer and...
The country’s investment promotion agencies (IPAs) are aiming to approve at least ₱4.5-trillion worth of investments under the government’s new investment promotion framework, which seeks to incentivize innovation-driven projects. Department of Trade and Industry (DTI) Undersecretary and...
Former Budget Secretary Amenah F. Pangandaman has been appointed chairperson and chief executive officer (CEO) of the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP). The state-owned lender announced the appointment on July 10, saying her leadership would accelerate the development...
Foreign direct investment (FDI) net inflows into the Philippines dropped 26.5 percent in the first four months of the year, driven by the sharp contraction in foreign investments in debt instruments. Based on the latest Bangko Sentral ng Pilipinas (BSP) data released on Friday, July 10, total net...
The government is looking to include 5,059 priority programs and projects (PAPs), with an investment requirement of almost ₱4.03 trillion, in the proposed 2027 national budget to sustain public investments, especially in infrastructure as well as social development. According to the Department of...
A decline in reserve assets and the national government’s (NG) debt servicing amid elevated borrowing costs widened the Philippines’ net external liability position to $54.9 billion in the first quarter of 2026. With the general government’s (GG) continued status as a net debtor, the...
The Philippines has captured “virtually none” of the manufacturing diversification away from China despite the ongoing “ China+1 ” strategy adopted by global companies, according to think tank Oxford Economics. In a report on Tuesday, June 30, Oxford Economics lead economist Alexandra...
SINGAPORE — The Department of Transportation (DOTr) is confident that more private-sector bidders will participate in the Philippines’ upcoming railway public-private partnership (PPP) projects as the government increasingly taps multilateral development banks (MDBs) to provide financing...
Forty-two Philippine companies earned spots on the third annual Fortune Southeast Asia 500 ranking, driven by strong performances from the country’s largest family-led conglomerates and financial institutions. Top Frontier Investment Holdings Inc., the controlling shareholder of San Miguel Corp.,...
To boost the national government’s response to the ongoing energy crisis, the state-run Maharlika Investment Corp. (MIC) has remitted ₱1.38 billion in cash dividends to the Bureau of the Treasury (BTr). This remittance represents 75 percent of the fiscal year (FY) 2025 net earnings of the...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
Net inflows of brick-and-mortar foreign direct investment (FDI) into the Philippines declined by 17 percent to $1.72 billion in the first quarter of 2026 from $2.07 billion in the same period in 2025, as global uncertainty weighed on investor sentiment and prompted caution. The first-quarter FDI...
