As the country reconsiders nuclear energy, the Department of Energy (DOE) is set to explore financing options in coordination with the Department of Finance (DOF), the Department of Economy, Planning and Development (DepDev), and the Maharlika Investment Corp. (MIC), among other agencies. In a...
To expedite the recovery of victims of recent calamities that have struck the country, the Department of Budget and Management (DBM) has released a total of ₱1.6 billion for the calamity funds of national government agencies. This amount has been used to replenish the quick response funds (QRFs)...
The Philippines is taking a step forward in its farm modernization initiatives through an agreement with South Korean agricultural equipment manufacturer TYM Corp., focusing on personnel training and investment. The Philippine Center for Postharvest Development and Mechanization (PHilMech) said on...
The Philippine Stock Exchange index (PSEi) rose slightly for the second straight day, adding 13.73 points, or 0.23 percent, to close at 6,039.76, but gains were limited due to lack of fresh market leads. The overall volume decreased to 1.52 billion shares, valued at ₱5.56 billion. Decliners edged...
DAVAO CITY – As many provinces in Mindanao have been declared insurgency free, Mindanao Development Authority (MinDA) Secretary Leo Tereso Magno believes that the time is ripe now for the region to accelerate development efforts amid the gains in the peace process. Speaking before the delegates...
The Bases Conversion and Development Authority (BCDA) has completed three agreements with the Japanese government and private sector partners to accelerate the development of its thriving economic hubs. In a statement on Wednesday, Oct. 1, the BCDA said these deals aim to advance waste management,...
The Philippine Stock Exchange Composite Index (PSEi) finally bounced back after a seven-day decline, as investors were enticed to start bargain hunting following lower stock prices. The main index jumped 72.57 points, or 1.22 percent, to close at 6,026.03 on Wednesday, Oct. 1, with Miners leading...
Capital market stakeholders are seeking to tap the vast and growing mass affluent segment of young tech-savvy Filipino investors, as it presents a huge opportunity for wealth creation in the country. To enable this segment to help enlarge the country’s economic pie, a video library project was...
Aiming to transform its role from a traditional “gatekeeper” of standards to a “gardener” that nurtures innovation, access, and quality across the tertiary education sector, a bill seeking to modernize the 30-year-old charter of the Commission on Higher Education (CHED) has been filed. In a...
The Philippine Stock Exchange index (PSEi) is still in the red on Tuesday, Sept. 30, as share prices dropped due to the weak peso and domestic uncertainties. The main index lost 44.14 points, or 0.74 percent, to close at 5,953.46. The property sector led the retreat, while miners and banks...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
Senate Majority Leader Juan Miguel “Migz” Zubiri is pushing for additional funding for the Department of Transportation (DOTr) to fast-track airport upgrades in the country’s top tourist destinations, framing the projects as make-or-break gateways for tourism that will not recover or scale...
