Local government units (LGUs) in the Philippines are spending far below what is needed to deliver basic primary health care (PHC) services, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). A PIDS discussion paper t itled “Are Philippine Local...
The Philippine Stock Exchange index (PSEi) was slightly lower on Friday, March 27, after the peso slid to a new low amid high oil prices fueled by the conflict in the Middle East. The main index shed 11.37 points, or 0.19 percent, to close at 5,972.83. Miners led the correction, while conglomerates...
The global oil shock triggered by escalating conflict in the Middle East is hitting the Philippines’ poorest households the hardest, as surging fuel costs spill over into food prices and erode purchasing power. A March 26 position paper by state-run policy think tank Philippine Institute for...
State-owned Development Bank of the Philippines (DBP) signed a ₱2-billion loan agreement with the City of Kabankalan to fund infrastructure and disaster resiliency projects, marking a significant escalation in state-backed efforts to combat chronic flooding in the Negros Occidental region. In a...
Prime Energy Resources Development NV and its partners are on track to begin gas production from the fourth phase of the Malampaya deep-water gas-to-power project by the final quarter of 2026, following successful drilling results at a key offshore well. The Camago-3 well, located in offshore...
Benchmark stock index retreated on Thursday, March 26, slipping back below the 6,000 level as investors locked in gains from a two-day rally amid heightening geopolitical friction in the Middle East and domestic inflation concerns. The Philippine Stock Exchange index (PSEi) fell 59.97 points, or...
Asia-Pacific economies, including the Philippines, are highly vulnerable to a protracted conflict in the Middle East, as sustained spikes in energy prices and broader disruptions threaten to slow growth and accelerate inflation, according to the Asian Development Bank (ADB). In a brief titled...
President Ferdinand R. Marcos Jr.’s chief economic manager said the economic team is in dialogue with the Philippines’ development partners, including the Asian Development Bank (ADB), to secure ample funding for the country’s power and fuel needs. “We are in constant discussion with our...
Filinvest Development Corp. is maintaining its aggressive growth targets and ₱27.6 billion capital expenditure program for this year, betting that internal efficiencies and expansion in power and digital banking will offset volatility stemming from the Middle East crisis. In a briefing, Rhoda A....
State-run policy think tank Philippine Institute for Development Studies (PIDS) said persistent gaps in old-age income security could weigh on the Philippines’ long-term growth prospects, as limited pension coverage and high labor informality leave a large segment of the elderly financially...
South Korea-based property development firm Luxia Corp. is spending more than ₱4 billion to build a premium mixed-use development in the Clark Freeport Zone, according to Clark Development Corp. (CDC). In a statement, the investment promotion agency said CDC President and Chief Executive Officer...
Local stocks surged back above the 6,000 threshold on Wednesday, March 25, as investor sentiment shifted toward optimism following reports that the United States (US) has entered formal negotiations with Iran. The prospect of a diplomatic resolution to Middle East tensions sparked a broad-based...
