Samarkand, UZBEKISTAN — The Philippines urged the Manila-based Asian Development Bank (ADB) to ramp up assistance to its developing member countries (DMCs) amid a wave of climate and geopolitical challenges putting pressure on public finances. Speaking at the Governors’ Business Session...
Washington-based International Monetary Fund (IMF) urged the Philippines to resume public infrastructure spending under stricter governance standards to revive investor confidence, warning that the absence of accountable fiscal activity is stifling private investment and domestic growth. In a...
Samarkand, UZBEKISTAN — “So many” developing Asia-Pacific economies are scrambling to secure concessional financing from the Asian Development Bank (ADB) to bankroll their response to crises caused by the war in the Middle East. “We have already received so many requests from so many...
The husband of Vice President Sara Duterte, Manases “Mans” Carpio, on Monday, May 4, strongly denied allegations that he was involved in P6.7 billion worth of bank transactions flagged by the Anti-Money Laundering Council (AMLC), calling the report a “fake and blatant lie.” During a press...
Filipinos are likely to buy sports utility vehicles (SUVs) and house-and-lot properties when borrowing from domestic banks, according to Metropolitan Bank & Trust Co. (Metrobank), a trend that the lender intends to reinforce by offering perks for purchase of home and car accessories. “Filipino...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) has launched a new financing facility to scale up investments in critical minerals-to-manufacturing value chains, as it pushes Asia-Pacific economies to move beyond raw material exports and into higher-value industries. The announcement was...
Signs of stagflation are surfacing in the Philippine economy as it enters the second quarter of 2026, with private sector economists warning of a precarious mix of stalled growth and surging consumer prices. The country’s economic output likely posted only a tepid recovery from the previous...
The World Bank has approved an $18.85-million grant to strengthen the Philippines’ pandemic response, as the country is considered a global hotspot for emerging infectious and zoonotic diseases. The Washington-based multilateral lender’s board approved last April 29 the investment project...
Philippine Trust Company (PHILTRUST BANK) will hold its Annual Stockholders’ Meeting on May 26, 2026 (Tuesday) at 8:00 a.m. via remote communication. Stockholders who intend to participate in the meeting are requested to notify the Bank and submit the required documents, including the duly...
Singapore-based DBS Bank Ltd. sees the Bangko Sentral ng Pilipinas (BSP) potentially calling another off-cycle policy meeting in May, where an interest rate hike may now be on the table, as war-driven pressures continue to weigh on the peso and raise the risk of elevated consumer prices staying...
Filipinos are the most alarmed in Asia about climate change, with more than four-fifths of respondents viewing it as a “very serious problem,” the highest share among the economies surveyed, according to the Manila-based multilateral lender Asian Development Bank (ADB). In an economics working...
Philippine Trust Company (PHILTRUST BANK) will hold its Annual Stockholders’ Meeting on May 26, 2026 (Tuesday) at 8:00 a.m. via remote communication. Stockholders who intend to participate in the meeting are requested to notify the Bank and submit the required documents, including the duly...
