A constitutional crisis that could derail the country’s economic recovery from the COVID-19 pandemic is looming , with the Senate and the House of Representatives take polar positions on the ongoing People’s Initiative to revise the Philippine Constitution.
The government sector borrowed USD1.32 billion more in medium- to long-term (MLT) funds in the final three months of 2023, which was 66 percent more than that borrowed a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
The Department of Agriculture (DA) on Sunday reiterated the likelihood for the onion import ban to last beyond May or even June as part of measures helping shield onion growers from unreasonable farm gate prices and the destruction of their crops.
The price of palay or unhusked rice per kilo in the final three months of 2023 averaged P21.81, a 6.4 percent increase from third-quarter prices and 25 percent more than the year-earlier period.
An expected monetary policy easing this year—and consequently a drop in mortgage rates--should bolster demand for residential projects and industrial space, the latest edition of Colliers Research said.
Megawide Construction Corp. said it plans to begin construction of the P1.2-billion Baguio City Integrated Terminal (BCIT) by the third quarter of 2026, with completion expected in about two years.
The Department of Transportation (DOTr) is speeding up the construction of major transport projects and resolving right-of-way issues to improve the country’s transport system and boost the Philippines’ long-term competitiveness.
Security Bank Corporation ended 2025 by opening five new branches in December, bringing its total number of branches nationwide to 377. The expansion highlights the bank’s push to make banking services more accessible to more Filipinos.
The Department of Agriculture (DA) is rolling out a sweeping reform agenda aimed at fixing what it calls the “broken economics” of Philippine agriculture, a push that Malacañang sees as central to President Ferdinand Marcos Jr.’s lasting legacy before he leaves office in June 2028.