Maharlika holds P71B in investable capital
MAHARLIKA Investment Corp. (MIC) said it holds about P71 billion in deployable capital for future investments, including potential stakes in companies preparing to go...
Deficit in agricultural trade narrows 15.1% in Oct. after rice import freeze
THE deficit in the agricultural goods trade narrowed 15.1% in October to $932.97 million, according to preliminary data from the Philippine Statistics Authority (PSA).
The...
PHL shares retreat, weighed by economic concerns
PHILIPPINE SHARES retreated on Wednesday as sentiment turned cautious in anticipation of the policy decisions of the US Federal Reserve and the Bangko Sentral...
World Bank sees gradual Philippine recovery in 2026, 2027
THE WORLD BANK (WB) sees a gradual recovery for the Philippines in 2026 and 2027, after growth slowed this year due to weaker investment...
Peso falls to new low of P59.22 vs $1
THE PESO sank to a new all-time low on Tuesday to join most regional currencies’ decline against the US dollar on cautiousness before the...
PEZA-approved investment pledges plunge in November
INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) slumped by 58.59% to P32.211 billion in November from P77.79 billion in the same month a year ago.
Meralco lowers rates by 36 centavos/kWh in December
RESIDENTIAL CUSTOMERS of Manila Electric Co. (Meralco) may see slightly lower bills this month as the power distributor cuts electricity rates due to lower...
Initial EDSA rehabilitation work planned for Jan.
THE Department of Public Works and Highways (DPWH) said it hopes to begin initial work to rehabilitate Epifanio de los Santos Avenue (EDSA) by...
Senate approves 2026 budget bill on 3rd reading
THE SENATE approved the proposed P6.793-trillion national spending plan for 2026 on third reading late Tuesday, amid heightened scrutiny over the budget process following the cloud hanging over infrastructure spending and alleged budget “insertions.”
PHL 2026 growth forecast reduced to 5.1% — MUFG
ECONOMIC GROWTH is expected to pick up to 5.1% next year, which if realized would once again leave the government short of its targets,...
NFA rice auction clears up about 16,000 MT in warehouse space
THE National Food Authority (NFA) said it awarded around 315,000 bags, or nearly 16,000 metric tons (MT), of ageing rice in a public auction...
PSE index inches up before central bank meetings
THE MAIN INDEX inched up on Tuesday on last-minute buying, with the market in a mostly guarded mood before the policy meetings of the...