In response to the learning crisis in the country, advocacy group Philippine Business for Education (PBEd) urged President Duterte to certify as urgent the Education Commission (EDCOM) Joint Resolution. (ALI VICOY / MANILA BULLETIN) “We are in a learning crisis unlike any other,” said PBEd...
Consumer prices rose at a slower pace last month, sliding back within the government’s target range for the first time this year, owing to easing price hikes for transportation, the Philippine Statistics Authority (PSA) reported. National Statistician Claire Dennis Mapa said Thursday, August 5,...
The Philippines is urged to adopt a cluster approach by leveraging on sectors where it has built competitiveness, redeployment of resources to growth sectors, and rethink skills development of its workforce, a World Bank official said. At the virtual "ThrivePH Session 3: Exploring Opportunities for...
Joint operatives from the Bureau of Immigration (BI) and National Bureau of Investigation (NBI) have arrested a South Korean national wanted in his own country for large scale fraud. (Photo from BI Facebook page) BI Commissioner Jaime Morente said 61-year-old Lee Sanghun was apprehended based on...
SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to...
China Banking Corporation has been named by the Bangko Sentral ng Pilipinas (BSP) as an outstanding stakeholder. This is in recognition of the Bank’s strong support for the BSP’s programs and initiatives to build an inclusive and increasingly digital Philippine economy. China Bank Chairman Hans...
Strengthening the agricultural sector, a robust disaster management plan and continuous skills training for farmworkers are just some of the key strategies in ensuring food security in the Philippines amid the COVID-19 pandemic, Asian Development Bank (ADB) Country Director Kelly Bird said Tuesday....
China Banking Corporation reported a 39 percent jump in net income to P7.3 billion in the first half of 2021 despite higher provisions as its core businesses delivered strong performances. In a disclosure to the Philippine Stock Exchange, the bank said this translated to an improved return on...
Bank of China Manila (BOC) recently launched its interconnection with BancNet, the largest interbank network in the Philippines, in an effort to expand its banking services to clients and entrepreneurs in the countryside. In a statement, BOC said that the BancNet interconnection allows its...
The Asian Development Bank (ADB) will provide a fresh funding support to the Philippine government that aims to help young Filipinos find quality jobs after the pandemic. In a statement, the Manila-based multilateral institution said that the ADB approved a $400 million policy-based loan to support...
The Asian Development Bank (ADB) is preparing its funding support for the P345-billion Philippine National Railways’ (PNR) Calamba project. In a statement, the Manila-based multilateral financial institution said that funding for the 40.5 kilometer viaduct structures of PNR Calamba, also called...
Security Bank Corporation (SBC) has been named the Philippines’ Best Bank by London-based financial magazine Euromoney during its 2021 Euromoney Awards for Excellence. “In the competitive field of Philippine banking, the best response to Covid-19 came not from the biggest banks but a rising...
