Domestic equities snapped a two-day decline, rallying as investors capitalized on lower valuations after the United States (US) issued an interim waiver on Iranian energy exports, dragging global crude prices to a three-month low. The Philippine Stock Exchange index (PSEi) advanced 1.51 percent, or...
President Marcos’ economic managers are poised to lower the country 's economic growth targets as the lingering effects of state underspending, an infrastructure corruption scandal, and external inflationary pressures weigh down the near-term outlook. In an interview on TV5’s Money Talks,...
The Marcos administration is seeking up to ₱91 billion ($1.5 billion) in fast-disbursing financial assistance from the Asian Development Bank (ADB) to bolster its response to an ongoing energy crisis, according to the Department of Finance (DOF). Finance Secretary Frederick D. Go told reporters...
The Philippine Stock Exchange index (PSEi) fell on Monday, June 22, after Iran walked out of peace talks and closed the Strait of Hormuz again, while the Philippine government reduced its economic growth estimates due to the war and lower infrastructure spending. The main index plunged by 100.33...
The development of the long-delayed Mindanao Railway Project (MRP) could soon return to China’s hands, as the Mindanao Development Authority (MinDA) courts one of Beijing 's state-owned construction firms to build the railway. MinDA Secretary Leo Tereso Magno said he recently met with China...
More than two years after signing the grant agreement, the Department of Transportation (DOTr) is moving forward with its plan to develop a nationwide vessel traffic management system (VTMS), beginning its search for a United States-based (US) partner to oversee the project’s feasibility study....
Local equities market retreated at the end of the week as investors pared back risk following the central bank 's hawkish policy stance and the sudden disruption to geopolitical diplomatic efforts in Europe. The Philippine Stock Exchange index (PSEi) slipped 18.31 points, or 0.3 percent, to...
The Mindanao Development Authority (MinDA) is hoping to leverage the ongoing peace initiatives in Mindanao to position the region as an investment hub for the energy and agriculture sectors. MinDA Secretary Leo Tereso Magno said Mindanao has long struggled to attract investments in high-value...
President Ferdinand R. Marcos Jr. 's Expanded Pambansang Pabahay para sa Pilipino Program continues to make homeownership more affordable for Filipino workers as Pag-IBIG Fund offers promotional housing loan rates for members buying homes above the socialized housing price ceiling up to P10...
SINGAPORE — The Department of Transportation (DOTr) is confident that more private-sector bidders will participate in the Philippines’ upcoming railway public-private partnership (PPP) projects as the government increasingly taps multilateral development banks (MDBs) to provide financing...
Local stocks declined as an afternoon wave of profit-taking erased morning gains, cutting short a rally that had pushed the benchmark index to its highest intraday level in recent sessions. The Philippine Stock Exchange index (PSEi) decreased 27.13 points, or 0.43 percent, to close at 6,245.75 on...
Pag-IBIG Fund is offering the Special Assistance for Financial Emergencies or SAFE Loan, which provides qualified members with up to P10,000 in affordable cash assistance for urgent needs amid the continuing effects of the Middle East conflict, officials announced. The assistance forms part of...
