WASHINGTON (AFP) - The World Bank announced Wednesday it has increased its Covid-19 vaccine fund for developing countries by $8 billion to $20 billion. In addition, the bank's private financing arm secured a 600 million euro ($710 million) package for a South African vaccine manufacturer to ramp up...
Malacañang expressed alarm over the World Bank report that showed that 80 percent of Filipino students do not know what they should know based on their current academic level. Presidential Spokesperson Harry Roque (OPS / FILE PHOTO / MANILA BULLETIN) Presidential Spokesman Harry Roque made the...
There are five foreign banks that are expected to apply for digital bank license with the Bangko Sentral ng Pilipinas (BSP) soon, according to a senior BSP official. “The BSP received expressions of interest (EOI) from around five foreign banks abroad and already operating in the country...
The World Bank has approved a fresh loan to the Philippines that aims to ensure the local financial sector’s stability as well as support the nation's economic recovery. In a statement, the World Bank announced on Friday, June 25, that a $400 million development policy loan (DPL) was approved to...
PNB Holdings Corporation (PHC), the real estate holding company of Philippine National Bank, intends to redevelop its prime properties in Makati and Pasay to boost rental demand and optimize their revenue potential. **media During the firm’s annual stockholders’ meeting, newly-appointed PHC...
Security Bank Corporation’s consumer finance arm SB Finance Corporation (SBF) has launched a car title loan that provides vehicle owners quick access to cash in exchange for their car’s OR/CR (Official Receipt and Certificate of Registration). In a statement, the bank said Car4Cash will allow...
The Bangko Sentral ng Pilipinas (BSP) said it has absorbed P2.1 trillion of market liquidity or excess money as of end-March to help keep inflation down. Its term deposit facility (TDF) continues to be the BSP’s main liquidity management tool and as the BSP mops up more liquidity in the system,...
Four major foreign banks will finance businessman Dennis Uy’s $460 million acquisition of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field facility. Highly placed sources from Singapore...
PEACE-MAKER Jose de Venecia Jr. Former Speaker of the House (Remarks delivered by Former House Speaker Jose de Venecia at the 75 th Anniversary of the National Council of Women of the Philippines (NCWP) on June 4, 2021.) To the officers and members of the National Council of Women of the...
The World Bank will provide additional financing and grant to increase rural incomes as well as enhance farm and fishery productivity in the targeted areas in the Philippines. In a statement, the Washington-based multilateral institution said on Friday, June 18, that it approved $280 million...
The Bank of the Philippine Islands (BPI) Foundation is planning to set up foodsheds in different locations in the country to provide a livelihood to communities. As a start, BPI Foundation has partnered with the World Wide Fund for Nature (WWF) Philippines and the Bank of the Philippine Islands...
The World Bank said the Philippines needs to invest more in programs tackling childhood undernutrition to eliminate a “silent pandemic” afflicting many of the country’s poor and vulnerable population. In a World Bank report entitled “Undernutrition in the Philippines: Scale, Scope and...
