PH secures ¥236.64-billion ADB loan to ease impact of Middle East crisis

GMA Network - Oct 20, 2026

The Philippine government, through the Department of Finance (DOF), has secured ¥236.64-billion or roughly P94-billion loan from the Asian Development Bank (ADB) as financing support in efforts to cushion the impact of the Middle East crisis on commuters, vulnerable sectors, and overseas Filipino workers (OFWs).

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Suspension on raw ube exports may take at least a year --DA

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Suspension on raw ube exports may take at least a year --DA

The suspension on the exportation of raw ube may take at least a year, said Department of Agriculture Secretary Francisco Tiu Laurel Jr.

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Marcos: GCash listing seen to revive PH capital market

President Ferdinand "Bongbong" Marcos Jr. on Tuesday expressed optimism that the market debut of Gcash parent Mynt Inc. will bring back investor confidence in the Philippine capital market.

GCash parent debuts at PSE, opens with P441.5B market capitalization

Oct 20, 2026

GCash parent debuts at PSE, opens with P441.5B market capitalization

Shares of Mynt Inc., the parent company of mobile wallet GCash, began trading on the Philippine Stock Exchange on Tuesday, following its initial public offering (IPO) --the largest in the local bourse"s history.

Peso crashes further below 63:$1, a new record low

Oct 20, 2026

Peso crashes further below 63:$1, a new record low

MANILA, Philippines — The Philippine peso sank deeper into record-low territory on Monday, closing further below the 63-per-dollar mark as a stronger US dollar, elevated oil prices and mounting global uncertainties kept pressure on the local currency. Data from the Bankers Association of the Philippines showed the peso closed at 63.09 against the greenback, shedding 10.5

PH dollar deficit swells to over 1-year high 

Oct 20, 2026

PH dollar deficit swells to over 1-year high 

MANILA, Philippines — The country’s dollar deficit swelled to its widest in more than a year in September, as renewed tensions between the United States and Iran pushed import costs higher and weighed on investor flows. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s balance of payments (BOP) posted a $3.14-billion

DOTr courts India, France to fund stalled rail projects

Oct 20, 2026

DOTr courts India, France to fund stalled rail projects

MANILA, Philippines — The Department of Transportation (DOTr) is turning to government-to-government financing to revive several long-delayed railway projects, with India and France among the countries being approached to help bankroll their development. Transport Secretary Giovanni Lopez said the DOTr was pitching projects such as the Philippine National Railways (PNR) South Long Haul and Mindanao

KKR targets LEC priority projects for financing

Oct 20, 2026

KKR targets LEC priority projects for financing

MANILA, Philippines — US-based global investment firm KKR & Co. Inc. has expressed interest in financing priority projects under the Luzon Economic Corridor (LEC), spanning digital finance, manufacturing, energy and other key industries. In a statement, the Department of Finance (DOF) said it was exploring investment opportunities with KKR, although it did not specify a potential

Salmon Group bags $140M to expand lending business

Oct 20, 2026

Salmon Group bags $140M to expand lending business

MANILA, Philippines — Fintech Salmon Group has secured $140 million in additional financing to fund the rollout of new lending products nationwide and expand its existing lending business in the Philippines. In a statement on Monday, Salmon said the financing, equivalent to approximately P8.8 billion, would be used to expand its Salmon Credit Line and

ComClark taps UK partner for P33-B air navigation bid

Oct 20, 2026

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MANILA, Philippines — ComClark Network and Technology Corp. of tech tycoon Dennis Anthony Uy is bringing in British air traffic management company NATS to strengthen its P33-billion bid to modernize the Philippines’ air navigation services. Uy said ComClark had signed an agreement with NATS, the United Kingdom’s leading air traffic control services provider, as it works

Relocation of settlers at US-backed Pax Silica site to begin in 2027

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Oct 20, 2026

Gov’t opens application for 2027 import quotas

MANILA, Philippines — The Department of Agriculture (DA) has opened the application for the 2027 import quotas for five commodities, including pork and chicken. According to the notice posted on its website, the agency said interested parties may submit their applications under the minimum access volume (MAV) for calendar year 2027. READ: PH meat imports top

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