World Bank’s investment-arm International Finance Corp. (IFC) is investing in Union Bank of the Philippines’ “social bond” that aims to finance loans to micro, small and medium-sized enterprises (MSMEs). In a statement, Alfonso Garcia Mora, IFC Asia and Pacific vice president, said Friday,...
Bank of the Philippine Islands reported a slight improvement in its net income for the first half of 2021 but noted strong growth for the second quarter of the year due to lower provisions recognized. In a disclosure to the Philippine Stock Exchange, the bank said it generated a net income of P11.8...
They find factors affecting students that are often overlooked in education reform Earlier this month, the Department of Education (DepEd) called out the World Bank (WB) for basing their report on 2018 and 2019 data from three international assessments and for not even acknowledging the...
Uncertainties caused by COVID-19 have driven more Filipinos to save extra, but they do it without careful planning, a survey commissioned by Hong Kong-based AIA Group Limited revealed on Tuesday, July 20. Based on AIA’s Save Smarter Study 2021, the survey showed that fear and insecurity arising...
The Asian Development Bank (ADB) maintained its growth forecasts for the Philippines despite the resurgence of coronavirus infections in Southeast Asia that also posed a threat in the local economy. ADB HQ In its Asian Development Outlook Supplement released Tuesday, July 20, the ADB said it is...
Even after the Philippine government - as demanded by the Department of Education (DepEd) - got the apology it wanted from the World Bank (WB), a group maintained that the state of Philippine education remains in crisis. JOJO RINOZA / FILE PHOTO / MANILA BULLETIN “The Philippine government got...
Even as the World Bank already apologized for inadvertantly releasing a report on the poor learning outcomes of Filipino children, Senator Sherwin Gatchalian believed that the government should be open to accepting its findings to address what he also considered a "crisis" in the Philippines'...
Security Bank Corporation has been named by Alpha Southeast Asia, one of the leading financial capital markets magazines in the region, as the Best Retail Bank in the Philippines for 2021. Cited as the most comprehensive awards program in banking and finance focused on Southeast Asia, the Financial...
President Duterte has accepted the apology of the World Bank after its premature publication of a report on Filipino students' academic abilities but said he wanted to see the actual and latest assessment of the students' performance. President Rodrigo Duterte (File photo/ Malacañang) Duterte...
The Philippines will continue to implement the "blended learning" policy until more people have been vaccinated against the coronavirus disease, Malacañang said Monday. Without face-to-face classes, teachers are expected to teach remotely during school year. (ALVIN KASIBAN / MANILA BULLETIN)...
