Four global institutions have warned that the prolonged war in the Middle East is posing increasing risks to global energy security, food supplies, and economic growth as oil inventories continue to decline at a record pace. In a joint statement last Friday, May 29, the International Energy...
The Bangko Sentral ng Pilipinas (BSP) is facing a delicate balancing act as foreign and local lenders price in a minimum five percent benchmark interest rate by the end of 2026. Economists said that mounting stagflationary pressures and the potential de-escalation of geopolitical conflicts in the...
The Asian Development Bank (ADB) has greenlit an investment of at least $50 million in a regional private equity fund targeting mid-sized companies in Southeast Asia, including the Philippines, and India. Project documents seen by Manila Bulletin showed that the Manila-based multilateral lender...
The Philippines will repay its new $600-million World Bank loan for education reform until 2055, while also securing a separate $24.5-million grant to support sustainable agriculture transformation, newly signed agreements between the government and the Washington-based multilateral lender showed....
The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
Security Bank Corp. has appointed Executive Vice President (EVP) John David “JD” Yap as the bank’s new chief financial officer (CFO), effective June 13, 2026, replacing Allen Alexander P. Reyes, who is retiring for personal reasons. In a disclosure to the Philippine Stock Exchange (PSE) on...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
GoTyme Bank said it plans to expand its employee share ownership program to cover nearly all eligible workers, making it the first bank in the Philippines to broadly extend company ownership across its workforce. In a statement on Tuesday, May 26, GoTyme Bank and GoTyme Group said the expanded...
The research arm of German lender Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver bigger interest rate hikes than previously anticipated as inflation risks intensify, while also lowering its economic growth forecasts for the Philippines amid mounting external pressures and...
A 26-year-old woman was arrested in an entrapment operation in Pasig City after allegedly extorting a total of ₱600,000 from a bank employee through threats related to their past relationship. Police said the complainant, a 36-year-old bank employee, reported that the suspect had been demanding...
Two World Bank-funded projects in Mindanao are progressing satisfactorily to improve agricultural productivity and road infrastructure in the region. The Mindanao Transport Connectivity Improvement Project (MTCIP) as well as the Mindanao Inclusive Agriculture Development Project (MIADP) were both...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to continue raising interest rates to contain surging inflation despite the risk of slower economic growth. In a May 22 report, Japanese financial giant MUFG Bank Ltd. said the Philippines is facing one of the most severe...
