The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
China Banking Corporation has maintained its regional and local standing as one of the best-governed publicly listed companies in the 2021 ASEAN Corporate Governance Scorecard (ACGS) assessments. At the recent virtual awarding by the Institute of Corporate Governance, China Bank was recognized anew...
The Philippines should strengthen some fundamental concerns and address key constraints to arrest the country’s inability to capture trade and investment opportunities and compete with the rest of the ASEAN region, according to a senior World Bank economist. Jaime Frias, World Bank senior...
The World Bank raised its gross domestic product (GDP) outlook for the Philippines to 7.2 percent this year from an earlier projection of 6.5 percent in September. The Washington-based multilateral institution said Tuesday, Dec. 6, that the upward revision was driven by “robust domestic...
The Asian Development Bank (ADB) said it will fund the upgrade and modernize the Philippines’ technical and vocational education and training (TVET) system to make it more responsive to new labor demands. In a statement, the Manila-based multilateral institution said the ADB approved a $100...
Senior Deputy Speaker and former president Gloria Macapagal Arroyo can't help but recall her past interactions with the late former Chinese president Jiang Zemin when she visited the Chinese Embassy in Manila over the weekend. Senior Deputy Speaker Gloria Macapagal-Arroyo (left) and the late former...
Former Department of Tourism (DOT) undersecretary, Roberto V. Antonio has joined the Development Bank of the Philippines (DBP)'s Board of Directors. As DOT undersecretary and senior consultant, he conceptualized the Eight Anchor Destination Program and the production of the DOT Foreign Offices...
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has expressed concerns over the proposed Maharlika Wealth Fund (MWF)--concerns that Albay 2nd district Rep. Joey Salceda, a proponent of the controversial measure, wants to chase away. Albay 2nd district Rep. Joey Salceda Medalla is...
CIMB BANK Philippines, Inc. (CIMB Bank PH), the country’s fastest growing digital bank, is fortifying its services by protecting its six million customers from cyber threats on all fronts. CIMB Bank PH has made significant investments in latest fraud management solutions and technologies and...
To exchange insights and ideas on how the country can navigate a post-pandemic education landscape, education leaders and stakeholders gathered at a conference organized by Teach for the Philippines (TFP) and the Asian Development Bank (ADB). Teach for the Philippines’ local government unit (LGU)...
Security Bank Corporation has been recognized by the Bureau of Treasury (BTr) again recognized as a Market Maker for 2023 under the enhanced Government Securities Eligible Dealers (GSED) program. In a statement, the bank said the recognition is given in line with the Bank’s continued efforts to...
CIMB Bank PH has partnered with Southeast Asia’s leading digital payments provider SeaMoney to onboard 2.5 million loan customers in 2023, doubling the 1.3 million users SPayLater currently has in the country. The BNPL transaction volume in the Philippine e-commerce ecosystem is projected to...
