The Asian Development Bank (ADB) raised this year’s growth forecast for the Philippines on stronger-than-expected domestic demand, but it expects the expansion to move at a much slower pace next year due to financial tightening and global headwinds. Based on the latest supplement to the Asian...
Two development partners of the Philippines and a US-based think tank have recommended the establishment of a sovereign wealth fund (SWF), the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the Asian Development Bank (ADB), the International Monetary...
Citizen Watch, an independent network of advocates seeking to raise the interests of the public, said in order to “embrace digitalization,” the country needs to boost its digital infrastructure and at the same time upgrade the digital skills of Filipinos. (Unsplash) For Citizen Watch...
The Department of Agriculture (DA) has welcomed the suggestions of the World Bank’s Philippines Economic Update (PEU) December 2022 Edition that centers in increasing the efficiency and effectiveness of government spending in the sector of agriculture. FARMERS in Western Visayas region are urged...
State-run Social Security System (SSS) announced that it has entered into agreement with Union Bank of the Philippines (UBP) and Rizal Commercial Banking Corp. (RCBC) for the issuance of Unified Multi-Purpose ID (UMID) ATM Pay Cards. In a statement, Michael G. Regino, SSS president and chief...
The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
China Banking Corporation has maintained its regional and local standing as one of the best-governed publicly listed companies in the 2021 ASEAN Corporate Governance Scorecard (ACGS) assessments. At the recent virtual awarding by the Institute of Corporate Governance, China Bank was recognized anew...
The Philippines should strengthen some fundamental concerns and address key constraints to arrest the country’s inability to capture trade and investment opportunities and compete with the rest of the ASEAN region, according to a senior World Bank economist. Jaime Frias, World Bank senior...
The World Bank raised its gross domestic product (GDP) outlook for the Philippines to 7.2 percent this year from an earlier projection of 6.5 percent in September. The Washington-based multilateral institution said Tuesday, Dec. 6, that the upward revision was driven by “robust domestic...
The Asian Development Bank (ADB) said it will fund the upgrade and modernize the Philippines’ technical and vocational education and training (TVET) system to make it more responsive to new labor demands. In a statement, the Manila-based multilateral institution said the ADB approved a $100...
Senior Deputy Speaker and former president Gloria Macapagal Arroyo can't help but recall her past interactions with the late former Chinese president Jiang Zemin when she visited the Chinese Embassy in Manila over the weekend. Senior Deputy Speaker Gloria Macapagal-Arroyo (left) and the late former...
Former Department of Tourism (DOT) undersecretary, Roberto V. Antonio has joined the Development Bank of the Philippines (DBP)'s Board of Directors. As DOT undersecretary and senior consultant, he conceptualized the Eight Anchor Destination Program and the production of the DOT Foreign Offices...
