Senator Jinggoy Ejercito Estrada is now pushing for two measures aimed at providing a broader, disaster-ready blueprint for the country: the creation of the Department of Disaster Resilience (DDR) and the establishment of a Food Bank and Stockpile Act. Estrada filed both measures ahead of the...
The Philippine Economic Zone Authority (PEZA) has named Tokyo-based Mizuho Bank as the country’s latest investment promotion partner, a move to seen to boost Japanese investments into the country. PEZA Director General Tereso Panga said he has formalized this partnership through the signing of a...
The Tokyo-based think tank Asian Development Bank Institute (ADBI) has flagged rising post-pandemic debt repayments in developing economies across the region, including the Philippines, which are depriving governments of more funding for public goods and services. “Between 2008 and 2019, annual...
State-owned Development Bank of the Philippines has successfully raised ₱8.25 billion in fresh funds from its latest dual local bond offering as it continues to diversify its funding sources to support more projects aligned with the national government’s economic development agenda, a top...
Zobel-led Bank of the Philippine Islands (BPI) posted a 7.8 percent improvement in net income to ₱33 billion for the first half of 2025 from the ₱30.6 billion earned in the same period last year on strong growth in net interest income. In a disclosure to the Philippine Stock Exchange, the bank...
Despite the vulnerability of Filipino households to socioeconomic shocks and natural disasters, their access to financial services remains a laggard compared to the Philippines’ regional and income-level peers, the 2025 Global Findex Database of the World Bank showed. According to the World...
Fifteen years from now, the Philippine economy could accelerate by 6.8 percent yearly if the country continues to improve regional connectivity, productivity, and resource allocation, the Washington-based World Bank stated. According to the multilateral lender’s latest report on Philippine growth...
For decades, Philippine entrepreneurs and family-owned businesses have grown steadily — cautiously expanding, reinvesting profits, and keeping leadership within the family. But today, business moves faster, competition is fiercer, and opportunities stretch beyond traditional limits. The new...
While several big-ticket government projects in the pipeline threaten to widen the Philippines’ current account deficit and put pressure on the trade balance, Germany-based Deutsche Bank said this could ultimately benefit the country’s economic growth and strengthen the peso in the long run....
The Washington-based World Bank has committed to lend the Philippines $350 million, or over ₱19 billion, for an upcoming Department of Agriculture (DA) project aimed at extending financing support to small agri-businesses. A July 11 project information document showed a project cost of $873...
Deutsche Bank celebrated its 50th anniversary in the Philippines this year, a milestone that not only underscores its deep-rooted presence in the country but also signals an ambitious forward-looking agenda. As one of the world’s leading financial institutions, the German bank is placing the...
Senator Panfilo "Ping" Lacson has filed two bills that will strip government officials and employees of secrecy rights under the laws on bank deposits as well as foreign currency deposits. Lacson, in Senate Bill 38 titled "An Act Further Strengthening the Secrecy of Bank Deposits Law, Amending for...
