The Philippines is lining up another $3.5 billion in loans from the Asian Infrastructure Investment Bank (AIIB), the Asian Development Bank (ADB), and the World Bank, based on preliminary project documents, adding to the previously identified $8.9-billion indicative pipeline of multilateral...
Labor groups, environmentalists, and indigenous communities facing displacement risks are aggressively pushing back against the plan to build the high-value Pax Silica AI industrial hub. Red flags have been raised over the looming strain on New Clark City’s water, land, and power supplies....
The Philippines is taking a direct swing at expanding its agricultural footprint in the Middle East, using a fresh trade deal to put domestic coconut products directly onto supermarket shelves across the Gulf Cooperation Council. The Philippine Trade and Investment Center (PTIC) in Dubai launched...
Three multilateral lenders are expected to greenlight up to $8.9 billion, equivalent to about ₱549 billion, in new loans over the next two years before the Philippines’ upper-middle-income-country (UMIC) status limits the country’s access to concessional financing in the coming years....
The Department of Economy, Planning, and Development (DEPDev) has adopted a color-coded alert mechanism to identify implementation risks in ongoing big-ticket projects approved by the Cabinet-level, interagency Investment Coordination Committee (ICC) as well as the Economy and Development (ED)...
To improve the quality, completeness, and timeliness of national economic data, the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), and the Philippine Statistics Authority (PSA) have entered into a data-sharing agreement. Spearheaded by Finance Secretary Frederick...
Former Budget secretary Amenah Pangandaman was tapped by President Marcos to be the chairperson and chief executive officer (CEO) of the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) as he believes that she can perform the job well. This was what Palace Press Officer and...
The country’s investment promotion agencies (IPAs) are aiming to approve at least ₱4.5-trillion worth of investments under the government’s new investment promotion framework, which seeks to incentivize innovation-driven projects. Department of Trade and Industry (DTI) Undersecretary and...
Former Budget Secretary Amenah F. Pangandaman has been appointed chairperson and chief executive officer (CEO) of the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP). The state-owned lender announced the appointment on July 10, saying her leadership would accelerate the development...
Foreign direct investment (FDI) net inflows into the Philippines dropped 26.5 percent in the first four months of the year, driven by the sharp contraction in foreign investments in debt instruments. Based on the latest Bangko Sentral ng Pilipinas (BSP) data released on Friday, July 10, total net...
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...
A decline in reserve assets and the national government’s (NG) debt servicing amid elevated borrowing costs widened the Philippines’ net external liability position to $54.9 billion in the first quarter of 2026. With the general government’s (GG) continued status as a net debtor, the...
