The Philippines is set to secure another $1-billion loan from the World Bank in June, this time for an energy project follow-through and coupled with a $20-million grant, making the package the largest single financing commitment extended to the country by the Washington-based multilateral lender....
Local stocks surged, reclaiming the key psychological threshold, as rollback in domestic fuel prices and the strengthening local currency lured bargain hunters back to the equity market. The Philippine Stock Exchange index (PSEi) advanced 1.95 percent, or 113.37 points, to close at 5,912.69 on...
I am always flattered when I meet people well-established in their respective professions (those in their 40s to 60s) who tell me that they learned their basic economics from the textbooks I wrote in the 1970s and 1980s for both high school and college students, especially in private schools. The...
The Philippine Stock Exchange index (PSEi) rose on bargain hunting on Monday, June 1, after the steep drop over the last three trading days of the previous week. The main index added 30.56 points, or 0.53 points, to close at 5,799.32, mainly on the strength of the services sector as three sectors...
The United States (US) is pushing the pedal to the metal in developing its feasibility study (FS) for the proposed Subic-Clark-Manila-Batangas (SCMB) Railway as it searches for a railway expert to oversee progress on the project. In an advisory, the US Trade and Development Agency (USTDA) announced...
A section of Cambridge Street in Quezon City will be closed from June 1, 2026 until December 2027 to give way to the construction of the “QCitizen Homes – Cambridge” housing project. The Quezon City government said the affected stretch covers Cambridge Street from K-9th Street to Ermin...
Recent rotational brownouts in Luzon have highlighted the urgent need to modernize the country’s aging power grid, with state-run policy think tank Philippine Institute for Development Studies (PIDS) warning that transmission bottlenecks and delayed infrastructure projects are increasingly...
President Marcos has met with Japan International Cooperation Agency (JICA) President Dr. Tanaka Akihiko in Tokyo to strengthen one of the Philippines’ “most important development partnerships,” with discussions centering on infrastructure modernization, healthcare, climate resilience, and...
The Asian Development Bank (ADB) has greenlit an investment of at least $50 million in a regional private equity fund targeting mid-sized companies in Southeast Asia, including the Philippines, and India. Project documents seen by Manila Bulletin showed that the Manila-based multilateral lender...
The Philippine Stock Exchange index (PSEi) plunged on Thursday, May 28, as hopes for peace in the Middle East dimmed following fresh United States (US) strikes in Iran while the two countries’ positions remain incompatible. The main index fell by 103.3 points, or 1.73 percent, to close at...
Repower Energy Development Corp. (REDC) is expanding its footprint in the Visayas through a joint ₱3.9 billion transaction to acquire a major hydropower facility, according to a stock exchange filing on Thursday, May 28. The renewable energy developer, alongside Tokai Corp. and Sustainable Energy...
To further widen the reach of President Ferdinand R. Marcos Jr.’s flagship Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program and help address the oversupply of available housing inventory, Pag-IBIG Fund has raised its maximum housing loan amount per borrower to ₱10 million....
