The Department of Budget and Management (DBM) said Thursday about P2.412 billion was earmarked under the proposed P7.2-trillion 2027 national budget to help uplift micro, small and medium enterprises (MSMEs) in the country.
Oct 23, 2026
MANILA, Philippines — The Philippine Amusement and Gaming Corp. (Pagcor) is upping the ante against illegal online gambling, giving players a new way to tell which sites are playing a fair hand. In its latest bet on technology, Pagcor said it was developing a mobile app that could be in players’ hands as early as
As regional equities tumbled and hopes for investor stimulus faded, the Hang Seng Index fell to a seven-month low. Attention also remained focused on Beijing’s intensified scrutiny of offshore wealth and tax compliance. Macroeconomic data pointed to steady, if uneven, domestic momentum. Here are the core figures capturing market attention this week. Hong Kong stocks suffer steepest drop in 7 months The Hang Seng Index sank 3.03 per cent in a single session to 22,934.68 points, its worst...
MANILA, Philippines — Filipino consumers can expect no further price increases on basic goods until the end of the year, as manufacturers have agreed to hold off on raising prices despite mounting input costs amid still-elevated oil prices. Trade Secretary Cristina Roque said on Thursday that manufacturers of basic necessities and prime commodities (BNPCs) made
The Philippine National Bank (PNB) on Friday reported a 15% growth in its net income for the first nine months of the year, as lending posted double-digit growth during the period.
China has unveiled a revised rule for regulating outbound investment, requiring investors to report major adverse developments more diligently, including foreign demands to hand over technology or dispose of stakes. The new rule, announced by the National Development and Reform Commission (NDRC) on Thursday, aimed to better prevent and mitigate rising overseas risks and protect Chinese interests, according to the economic planner. “In recent years, a small number of countries and regions have...
The Philippines remains an attractive destination for British investments despite the challenges involving corruption, bureaucracy, and rising costs, according to the British Chamber of Commerce Philippines, which is calling for stronger legislation, improved infrastructure, and continued economic reforms.
Foreign investors need sector-specific approvals, licenses, and certifications based on activities, sector regulations, and product or facility requirements.
China's economy grew faster than expected in Q3, and September home prices declined at a slower rate.
Chinese stocks rebounded on Friday after a sell-off drove the benchmark index into a bear market, as surging trading volumes in the nation’s biggest exchange-traded funds (ETFs) pointed to possible state buying and major companies at the centre of the artificial intelligence trade sought to soothe investors. The CSI 300 Index rose 1.7 per cent to 4,105.33 at the close, reversing an earlier decline of as much as 2 per cent. Turnover in several key ETFs tracking the gauge surged, suggesting that...
MANILA, Philippines — The Department of Budget and Management (DBM) has moved up the deadline for agencies to seek additional budget authorities by nearly two weeks as it races to assess remaining funding requests, with nearly all of the 2026 national budget already released. Under Circular Letter No. 2026-13, the DBM said government agencies have
MANILA, Philippines — Expanding the country’s hydropower capability with an additional 25 gigawatts will require about P5 trillion in new investments, an energy official said Thursday. According to Ariel Fronda, division chief of the DOE’s Hydropower & Ocean Energy Management Division, activating one megawatt from hydropower would cost about P200 million. READ: The inverse relationship between
MANILA, Philippines — Lopez-led First Gen Corp. has clinched a new pact to energize a tertiary hospital in Pampanga with renewable energy. On Thursday, the company announced it closed the agreement with Mother Teresa of Calcutta Medical Center (MTCMC) under the government’s retail aggregation program (RAP), allowing local households to consolidate demand to meet the 100-kilowatt