The Philippine Dealing and Exchange Corp. (PDEX) is set to introduce a new derivative product next week, marking a significant development in the country’s fixed-income market.
Agricultural production in the Philippines fell by 2.2 percent in the fourth quarter of 2024, marking a reversal from the 0.9 percent increase seen in the same period last year.
The Asian Development Bank (ADB) has secured a financing package of up to USD100 million to support Ayala Corporation’s efforts to build a sustainable electric mobility ecosystem in the Philippines. The funding will be directed towards the procurement and installation of electric vehicle charging stations (EVCS) and the purchase of electric vehicles for commercial use, accelerating the country’s transition to cleaner transportation.
The Bangko Sentral ng Pilipinas (BSP) has approved USD3.21 billion in medium- to long-term foreign borrowings for the public sector in the fourth quarter of 2024.