Electricity prices at the Wholesale Electricity Spot Market (WESM) dropped 12.4 percent in November, the Independent Electricity Market Operator of the Philippines (IEMOP) on Wednesday reported.
The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have joined forces to better protect the retirement savings of Filipino workers.
The Asian Development Bank has approved a USD400-million policy-based loan to drive government reforms aimed at positioning the Philippines as premier investment destination in Asia and the Pacific.
The Asian Development Bank (ADB) has downgraded its growth forecast for the Philippine economy for this year and in 2026, contrasting with its upward revisions for the rest of developing Asia. The Manila-based regional lender cited reduced public infrastructure spending following investigations into controversial flood-control projects as a key drag on economic momentum.