Business

World Bank expects further PHL economic growth until 2026

TAGUIG CITY – Philippine economic growth is expected to increase by an average of 5.9 percent between 2024 and 2026, driven by the strong domestic demand and pickup in global growth, according to the World Bank. In its Philippines Economic Update…

Bohol governor, 68 others suspended for Chocolate Hills mess

QUEZON CITY/TAGBILARAN CITY –The office of the Ombudsman has placed Bohol Gov. Erico Aumentado and 68 other officials under preventive suspension for six months in connection with the investigation into structures at the Chocolate Hills, a protected area and geological…

TPLEx extension, 124 PPP projects worth P3 trillion lined up

BAGUIO CITY – The Public-Private Partnership (PPP) Center currently has 125 projects worth P3 trillion in the pipeline. Of the 125 PPP projects, the P23.40 billion Tarlac-Pangasinan-La Union Expressway (TPLEX) extension project is in the most advanced stage. The 59.4-kilometer four-lane…

Philippine peso steady at P58 against US dollar, drags local bourse

 By Jeanne Michael Penaranda MANILA — The  Philippine peso fell on Tuesday to a new low of P58.27 against the US dollar, dragging the local shares from the gains during previous day’s trading. The peso maintained at P58 level to…

PHL debt declines by 1.67% to P14.93 trillion in March

MANILA – The national government’s total outstanding debt decreased by 1.67 percent to P14.93 trillion as of end-March this year due to the net redemption of domestic government securities. In a statement, the Bureau of the Treasury (BTr) said of…

Health & Wealth: Annual home maintenance; real estate broker renewal

As you embark on the exciting journey of homeownership, we would like to remind you of the importance of scheduling  annual Home Maintenance for your property. Regular maintenance is a proactive measure to ensure the long-term health and safety of…

Bank lending, domestic liquidity up

MANILA – Bank lending of universal and commercial banks (U/KBs) and domestic liquidity grew at a faster pace in March. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed that the outstanding loans of universal and commercial banks, excluding…

PHL raises $2B in year’s 1st dollar global bonds issuance

MANILA – The Philippines successfully raised US$2 billion from the issuance of the dual-tranche 10- and 25-year Securities and Exchange Commission-registered fixed-rate global bonds. In a statement, the Bureau of the Treasury (BTr) said the 25-year global bond would be…

The Outsider: Partnership to Boost Feeding Program

Nutrition affects not only children’s physical growth but also their school performance and educational outcomes. According to the Philippine Statistics Office, of the 108.67 million household population in 2020, 33.4 million (30.7%) were under 15 years of age (young dependents)…

Upsurge of US investments seen following PHL Dialogue – Recto

WASHINGTON/MANILA – An upsurge of American investments into the country is expected following the highly successful Philippine Dialogue in Washington, D.C..  Finance Secretary Ralph Recto showcased before American investors the visionary leadership of President Ferdinand R. Marcos Jr. and his administration’s…