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...
Filipinos who actively use digital financial platforms are significantly more likely to own bank accounts and conduct formal financial transactions, with the state-run policy think tank saying stronger digital engagement is a key driver of financial inclusion in the country even as barriers such as...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
Local stocks retreated to their lowest level in five months as the peso’s plunge to a fresh record fueled anxiety that persistent inflationary pressures will force borrowing costs to stay higher for longer. The Philippine Stock Exchange index (PSEi) declined 34.36 points, or 0.58 percent, to...
The World Bank has given its go-ahead to the $24.5-million Technical Assistance for Sustainable Agricultural Transformation (TASAT) program, which will complement the Philippines’ largest-ever single loan from the Washington-based multilateral lender aimed at diversifying the sector and moving...
The Philippine Stock Exchange index (PSEi) dropped on Monday, April 27, as investors worry over the impact of rising inflation and interest rates, which has led some conglomerates to reduce capital expenditures (capex). The main index lost 42.34 points, or 0.71 percent, to close at 5,901.15....
The Bases Conversion and Development Authority (BCDA) is advancing the expansion of Clark International Airport, entering the design phase for a second runway aimed at solidifying the terminal’s position as a primary logistics hub for Central Luzon. In a statement on Monday, April 27, BCDA said...
State-owned Development Bank of the Philippines (DBP) commemorates its 79th anniversary steadfast in fulfilling its developmental mandate ─ remaining a strong and financially stable government financial institution fully capable of supporting the socio-economic agenda of President Ferdinand R....
F or decades, the Philippine real estate market was defined by “single-purpose density”—isolated residential blocks or standalone office towers that required a commute for every basic need. As the market matures into a more sophisticated era, buyers are no longer just purchasing a physical...
