Pag-IBIG Fund is continuing its housing fair series in South Luzon and the Visayas, with the South Luzon fair set on April 27 and 28 at the Jose Rizal Coliseum in Calamba City, Laguna, and the Visayas fair scheduled on April 30 and May 1 at the IEC Convention Center Cebu. The two fairs will each...
The Philippine Stock Exchange index (PSEi) ended the week lower as oil prices rose while the peso weakened due to the Bangko Sentral ng Pilipinas’ (BSP) rate hike. The main index dropped 40.32 points, or 0.67 percent, to close at 5,943.49 on Friday, April 24. Banks led the decline, while the...
Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
Repower Energy Development Corp. (REDC) surged ahead with its expansion strategy as the company’s board approved the acquisition of a new subsidiary to spearhead hydropower projects in Mindanao. In a disclosure to the Philippine Stock Exchange on Friday, April 24, REDC said the renewable energy...
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...
