Pag-IBIG Lends P2.35B for Socialized Homes

Government-run shelter financing agency Pag-IBIG Fund loaned about P2.35 billion to finance 5,411 homes for minimum-wage and low-income members in the first four months...

BSP Hikes Interest Rates to Fight Inflation

Amid the rising inflation, the Bangko Sentral ng Pilipinas has raised its benchmark rate by 25 basis points (bps) to 2.25%, CNN Philippines reported.  The interest rates...

Batanes Tests Tourism Reopening, DOT Promotes Regenerative Tourism

Starting its trial period for tourism reopening, Batanes lifted its travel ban to welcome tourists on May 15, Manila Bulletin reported. The trial period will run...

PNR Lucena-San Pablo to Resume Operations on June 2022

The Philippine National Railways (PNR) Lucena-San Pablo is expected to resume operations before the present administration ends on June 30, the Manila Bulletin reported.  The commuter line...

DOTr Inks P17.75B Metro Manila Subway Phase 1 Contract

The Department of Transportation (DOTr) inked a contract worth P17.75B that forms part of the P488B Metro Manila Subway Phase 1 last May 5,...

SM Prime Considers REIT Approach

Property giant and shopping mall operator SM Prime Holdings, Inc. bared plans to set up its own real estate investment trust (REIT). However, with...