The government is looking to include 5,059 priority programs and projects (PAPs), with an investment requirement of almost ₱4.03 trillion, in the proposed 2027 national budget to sustain public investments, especially in infrastructure as well as social development. According to the Department of...
Equities market rose for a second consecutive session as investors welcomed the World Bank’s reclassification of the country’s economic status and the steady performance in domestic manufacturing. The Philippine Stock Exchange index (PSEi) gained 56.46 points, or 0.93 percent, to close at...
Climbing to upper-middle-income-country (UMIC) status comes with a trade-off: the Philippines faces a looming decline in access to concessional official development assistance (ODA), or low-interest loans extended by the country’s multilateral and bilateral development partners. However, for...
Vietnam widened its lead over the Philippines in terms of gross national income (GNI) per capita as the Southeast Asian neighbors both aspire to attain the World Bank’s upper-middle-income-country (UMIC) status. A World Bank board report dated June 18 and disclosed last Monday, June 29, showed...
Local equities snapped a streak of losses, joining the broader regional rally as diplomatic efforts to ease Middle East tensions soothed investor anxiety and drove oil prices down. The Philippine Stock Exchange index (PSEi) advanced 32.09 points, or 0.53 percent, to close at 6,069.26. Despite the...
Senator Raffy Tulfo is pushing for swift changes to Republic Act No. 9344, also known as the Juvenile Justice and Welfare Act, to allocate funds for the creation of a dedicated detention facility for minors involved in heinous crimes. During the hearing of the Senate Committee on Women and...
The Philippine government has fully spent the World Bank financing supporting its flagship Pantawid Pamilyang Pilipino Program (4Ps), marking the successful completion of a nearly six-year project that modernized the country’s social protection system while providing cash assistance to millions...
To anyone watching from the outside, taking over a major family business is a smooth path. It is easy to assume that a famous last name is the only passport needed to move straight into the corner office. But for the third generation of the Gotianun family, that idea is far from the truth. They...
Banks’ success has traditionally been measured by how their balance sheets look—net income, loan quality, and dividends paid to shareholders. This is how leading financial institutions are gauged. However, for the state-run Development Bank of the Philippines (DBP), the ledger is evolving. As...
Local stocks retreated on the final trading day of the first half as investors locked in gains from a three-day rally, driven by mounting concerns over local inflation and shifting geopolitical dynamics. The Philippine Stock Exchange index (PSEi) dropped 1.6 percent—or 96.24 points—to close at...
While the Philippine tax effort—tax collections as a share of gross domestic product (GDP)—stood below the Asia-Pacific (APAC) average, the country outpaced most of its Southeast Asian peers. According to the Paris-based Organisation for Economic Co-operation and Development’s (OECD) Revenue...
The Philippines is expected to maintain its position as the world’s second-largest exporter of pineapples over the next decade on the back of rising demand from China, according to two international organizations. In a joint report published on Monday afternoon, June 29, the Organization for...
