The Asian Development Bank (ADB) approved the Philippines’ fresh loan that aims to support the government’s universal health care (UHC) program. In a statement, the Manila-based multilateral institution said it approved a $600 million policy-based loan to the Philippines to provide quality and...
The Philippines has secured fresh contingent funds from the World Bank to strengthen the country's institutional and financial capacity in managing risks from disasters and disease outbreaks. In a statement, the Washington-based multilateral institution said on Thursday, Nov. 18, that it earmarked...
The Department of Public Works and Highways (DPWH) has started discussing projects with the Asian Development Bank (ADB) for the country to have a sustainable infrastructure development program that would eventually help in the economic recovery from struggles in the COVID-19 pandemic. DPWH Acting...
2021 ING-FINEX CFO of the Year, Ms. Anabelle Lim Chua, SVP, Chief Financial Officer, and Chief Risk Management Officer, PLDT. For the second straight year honoring “game-changing” CFOs, the country’s most outstanding finance steward is a woman. PLDT’s Anabelle Lim Chua was awarded the 2021...
Sustainable properties have the perception of being expensive, exclusive, and out of reach for ordinary people. EDGE certification, an innovation of the International Finance Corporation (IFC), a member of the World Bank Group, is seeking to change that by simplifying the certification process with...
Security Bank Corporation posted 28 percent drop in net profit to P4.8 billion in the first nine months of 2021 from the P6.7 billion earned in the same period last year which was marked by strong trading gains. In a disclosure to the Philippine Stock Exchange, the bank said its profit before tax...
The International Finance Corp. (IFC) is investing in a social bond to be issued by Ayala Corp.’s foreign subsidiary that will fund the development of an integrated health ecosystem in the country. The IFC, a member of the World Bank Group, said on Thursday, Nov. 11, that it invests $100 million...
Philippines Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a decline in a net income to P1.26 billion for the first nine months of 2021 from P1.33 billion in the same period last year. The bank disclosed to the Philippine Stock Exchange, that earnings were supported...
The Philippines urged governments and multilateral development banks (MDBs) work closely in addressing the transitional adjustments that might have to be undertaken to ensure the seamless implementation of climate-related projects on the ground. Finance Undersecretary Mark Dennis Joven said that...
Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
Security Bank Corporation was awarded by UK-based finance journal Retail Banker International (RBI) as a Trailblazer in Product Innovation during the 2021 RBI Asia Trailblazer Awards for its Doctor's Loan product. In a statement, the bank said RBI recognized this loan product as the Best Loan...
The Anti-Money Laundering Council (AMLC) has deputized the Philippine Drug Enforcement Agency (PDEA) as financial investigator, a move that is seen as a boost in the country’s fight against drug money launderers. In a statement, the Deputized Anti-Money Laundering Council Financial Investigators...
