The Asian Development Bank (ADB) has revamped its crisis response toolkit to help developing Asia-Pacific economies respond more quickly to energy supply disruptions and food price shocks stemming from the ongoing Middle East conflict, while strengthening resilience against future crises. In a...
International Finance Corp. (IFC), the World Bank Group’s (WBG) investment arm, is investing $100 million in Union Bank of the Philippines’ (UnionBank) first sustainability bond to help the Aboitiz-led bank expand its green and social asset portfolio. In a disclosure to the Philippine Stock...
Redeveloping the Pasig River Corridor into a continuous network of parks, esplanades, and other public open spaces could yield ₱6 to ₱8 in economic, environmental, health, as well as social benefits for every ₱1 invested, according to consultants’ reports prepared for the Manila-based Asian...
Metropolitan Bank & Trust Co. (Metrobank) is expanding its automotive loan portfolio to target the rapidly growing hybrid vehicle segment, positioning itself to capture a larger share of the consumer market increasingly squeezed by volatile fuel prices. In a statement, the country’s...
Multilateral development banks (MDBs), including the Manila-based Asian Development Bank (ADB) and the Washington-based World Bank Group (WBG), increased climate financing to a record $163 billion in 2025, reinforcing their role in supporting resilient and sustainable economies amid mounting...
At long last, as of July 2026, the Philippines has attained Upper-Middle-Income status, as announced by the World Bank on July 1, 2026. This reclassification from Lower-Middle-Income to Upper-Middle-Income marks an important milestone in our efforts to eventually be considered a High-Income...
Former Budget secretary Amenah Pangandaman was tapped by President Marcos to be the chairperson and chief executive officer (CEO) of the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) as he believes that she can perform the job well. This was what Palace Press Officer and...
Elevated energy costs, weak investment, and softer domestic demand are slowing the Philippines’ recovery from its recent growth slump, according to Singapore-based United Overseas Bank Ltd. (UOB), warranting continued monetary policy tightening by the Bangko Sentral ng Pilipinas (BSP). In its...
State-run Land Bank of the Philippines’ (Landbank) return to the capital markets in the second half of 2026 may have to be pushed back to early 2027, its top executive revealed. Landbank President and Chief Executive Officer (CEO) Lynette Ortiz told reporters on the sidelines of the launch of...
Ty siblings Arthur Ty and Alfred Ty, the chairman and a director, respectively, of Metropolitan Bank & Trust Co. (Metrobank), have scooped up ₱385.12 million worth of the bank’s shares amid recent weakness in its share price. In separate disclosures to the Philippine Stock Exchange (PSE) on...
A resurgence in global energy prices is poised to test the resilience of the peso, though aggressive monetary policy from the Bangko Sentral ng Pilipinas (BSP) will likely insulate the currency from extreme volatility, according to DBS Bank. DBS senior economist Radhika Rao wrote in a commentary...
The World Bank has seen “tangible progress” in a delayed $300-million project aimed at protecting Metro Manila from “The Big One” earthquake, with contracts finally awarded to retrofit school buildings after years of implementation setbacks. In a July 10 implementation status and results...
