The World Bank would greenlight a $700-million (over ₱40-billion) loan for the Philippines in July, aimed at making local communities more resilient to natural disasters. According to a World Bank appraisal project information document dated April 8, the objective of the upcoming Philippines...
The Bangko Sentral ng Pilipinas (BSP) is expected to finally push through with its much-awaited reduction in key interest rates to protect the economy from the likelihood of a wider negative outlook gap, no thanks to United States (US) President Donald Trump's reciprocal tariffs. In an April 4...
While the Philippines is poised to sustain robust economic growth despite the threat posed by United States (US) President Donald Trump's tariffs, the Asian Development Bank (ADB) is urging the government to fast-track the implementation of big-ticket infrastructure projects to stimulate domestic...
Following the first-quarter 2025 launch of retail aggregation switches, the Energy Regulatory Commission (ERC) announced a partnership between both Ayala-led ACEN Corp. and Bank of the Philippine Islands (BPI) for the latter to switch its facilities to the retail aggregation program (RAP). This...
The Philippines will repay until 2053 two of the four loans greenlit by the Washington-based World Bank last month, worth a total of $950.54 million or about ₱54.6 billion, that will finance health services and transport connectivity in Mindanao and other poor provinces in the country. World...
The Washington-based multilateral lender World Bank has approved an $800-million, or approximately ₱45.8-billion, loan to support the Philippines’ transition to clean energy and improve water management. This fresh loan for the Philippines brought to a total of close to $1.82 billion, or about...
The Philippine peso's gains against the United States (US) dollar at the start of the year may be erased by the widening current account deficit, according to the World Bank. In its Philippines Monthly Economic Developments report for March 2025, the Washington-based multilateral lender noted that...
The national government's debt soared to a new record high of ₱16.63 trillion at the end of the first two months of 2025, putting pressure on its capability to repay obligations. The latest Bureau of the Treasury (BTr) data released on Tuesday, April 1, showed that outstanding obligations as...
After hitting a more than two-year high in January 2025, bank lending continued to grow in February but at a slower pace, according to the Bangko Sentral ng Pilipinas (BSP). Preliminary data from the central bank showed that loans from big banks, excluding transactions with the BSP, grew by 12.2...
The Bank of the Philippine Islands (BPI) has opened its first Prime Phygital branch in Mindanao, reaffirming its commitment to delivering innovative and convenient banking experiences to clients in the region. Strategically located at Azuela Cove in Lanang, Davao City, a 25-hectare development...
BANK OF THE PHILIPPINE ISLANDS (BPI) will be conducting its annual meeting of stockholders on April 21, 2025, Monday at 9:00 AM virtually via https://conveneagm.com/ph/BPI2025ASM A copy of the official announcement published in Manila Bulletin...
While the Philippines would be insulated from the tariff wars initiated by United States (US) President Donald Trump, it cannot reap the potential benefits from the supply chain restructuring of affected businesses in targeted countries. This highlights the need for the Philippines to enhance the...
