Outstanding Philippine government debt ticked up slightly to P16.684 trillion by end-March 2025, a 0.31 percent month-on-month increase, signaling stability rather than strain.
The Asian Development Bank (ADB) has forecast that the Philippine economy will grow at a robust pace of 6.0 percent in 2025 and 6.1 percent in 2026, driven by strengthened domestic demand and sustained public investment. This growth follows a 5.6 percent expansion in 2024.
President Ferdinand R. Marcos Jr. led the inauguration of a ₱61.7 million rice processing system (RPS) in Guagua, Pampanga on Friday, the fifth such facility built in the province under the Rice Competitiveness Enhancement Fund (RCEF).
The Philippine Competition Commission (PCC) has signed a memorandum of agreement (MoA) with the National Telecommunications Commission (NTC), formalizing an interagency partnership aimed at enhancing competition and regulatory coordination within the country’s data transmission industry.
The Ombudsman has lifted the preventive suspension of Arnulfo Veloso, president and general manager of the Government Service Insurance System (GSIS), which was imposed following an anonymous complaint alleging grave misconduct and gross neglect of duty over a P1.45 billion investment in perpetual preferred shares of Alternery Holdings Corp.
Ayala Healthcare Holdings Inc. (AC Health) announced on Friday it is acquiring a 60 percent majority stake in Cebu Velez General Hospital (CVGH), a 200-bed Level 3 hospital in Cebu City, through its Healthway Medical Network.