The Philippines is set to implement at least three measures that would stop the proliferation of terrorism financing, or the entry of funds from abroad to finance terrorist activities, an official of the Anti-Money Laundering Council (AMLC) said. AMLC Secretariat Executive Director Matthew...
President Marcos is expected to rally the international community to honor their commitment to climate change response efforts, particularly climate financing. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool/Yummie Dingding) Marcos said it will be part of his agenda during his...
Legislators on Tuesday, August 1 expressed their disappointment on the huge amount of public funds the Philippine government is losing due to loan-funded projects that have until now remain unfinished. Former President and current Pampanga Rep. Gloria Macapagal-Arroyo attends the Congressional...
President Ferdinand "Bongbong" Marcos Jr. has ordered all government offices and departments to adopt the national anti-money laundering, counter-terrorism financing, and counter proliferation financing strategy (NACS). President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos...
Makati City Mayor Abby Binay brought her campaign to promote sustainability and climate change action to the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a participant to the Cities Climate Finance Roundtable at the UNESCO headquarters in Paris, France. Makati City...
The Department of Social Welfare and Development’s (DSWD) food stamp program aims to provide for at least 300,000 families on its first run scheduled in early 2024, DSWD Secretary Rex Gatchalian said on Tuesday, May 23. (Photo from the Presidential Communications Office) He gave details about the...
Multilateral financier World Bank has urged the government to give incentives for investments in climate smart agriculture, renewable energy (RE) and to tap ESG (environmental, social, governance) bonds to finance climate actions countering disasters.
Presenting its Country Climate and...
Executive Secretary Lucas Bersamin (left) swears in DBP president and chief executive officer, Michael O. de Jesus, during rites held on January 11, 2023, at the Office of the Press Secretary in Malacañan Palace, Manila. A prominent and seasoned banker has formally assumed the position as head of...
Ayala’s energy listed firm ACEN Corporation and its Vietnamese firm-partner BIM Group secured $107-million project financing from the Asian Development Bank (ADB) and other lenders for the 88-megawatt Ninh Thuan wind farm venture in South Central Vietnam. This greenfield installation, according...
Government borrowings accelerated in November last year mainly due to increased domestic financing, data from the Bureau of the Treasury revealed. Gross borrowings of the Marcos administration amounted to P97.87 billion in November alone, up 266 percent from only P26.69 billion in the same month in...
SB Finance has inked a partnership with KServico, the largest network retailer of consumer durables in Luzon, to offer payment installment options through its Pay Hooloogan service. In a statement, SB Finance President Abbie Casanova said in a statement that Hooloogan offers a credit line of up to...
FROM THE MARGINS In my previous article, I lamented the declining contribution of agriculture to the country’s gross domestic product. As we are an agricultural country that is rich in natural resources, we should aim to grow our agricultural sector to a level that surpasses services and industry...
