Security Bank announced that it will no longer extend financing to coal-fired power facilities in its bid to align its project funding strategy to the goals of the Paris Agreement and the climate change diplomacy based of the 26th Conference of the Parties (COP26) on abating climate change risks....
Cebuana Lhuillier President and CEO, Jean Henri Lhuillier, receives the 2021 Service Champion Award trophy, conferred by the Customer Service Institute of America Cebuana Lhuillier, one of the leading micro-financial service providers in the Philippines, received the 2021 Service Champion Award...
Asia-Pacific nations should forge stronger partnerships to address the impact of changing climate by making climate financing available and accessible to developing countries that bear the brunt of global warming, the Philippines’ top climate official said. Climate Change Commission Secretary...
This summer just keeps getting hotter as the country’s pioneer compact car distributor, Suzuki Philippines Inc. (SPH), announces the extension of its Triple Deal Promo. Low down payment offers and cash discounts for the XL7, Dzire and all Carry variants will be made available across the 72 Suzuki...
The Anti-Money Laundering Council (AMLC) has recognized the Philippine Amusement and Gaming Corp. (PAGCOR) for its contribution in fighting money laundering and financing of terrorism. In a statement, the government’s gaming regulator and operator said it received commendation from AMLC for its...
61908 State-owned Development Bank of the Philippines (DBP) signed a memorandum of agreement with the Social Housing Finance Corporation (SHFC) to fund socialized housing projects. The DBP Credit Facility for SHFC Contractors and Developers will provide short-term loans to SHFC-accredited...
61607 The Development Bank of the Philippines (DBP) is partnering with the Filipino Inventors Society, Inc. (FIS) for viable local projects and indigenous technologies. Specifically, the state'owned bank is developing the Inventor’s Pitch - a bridging program to commercialize five local...
Editorial “Where you put your money, that is what your strategy is all about.” This is a well-worn cliché’ that frames an important public issue appropriately. When a country professes its advocacy of promoting environmental sustainability yet allows the setting up of new power plants that...
The Bureau of the Treasury said the government has established its sustainable finance framework to support the country’s sustainability commitments. In a statement, the Treasury bureau said on Friday, Jan. 14, that the framework has set out how the the Philippine government intends to raise...
Philippine banks have categorically stated that they still strictly require power supply agreements (PSAs) before they will extend loans to power generation projects – be that in the renewable energy (RE) space or other energy technologies. During an Energy Investment Forum, BDO Capital &...
PH new borrowings cut by 78% The national government cut new borrowings in October on the back of improving revenue collections. Data from the Bureau of the Treasury showed that the Duterte administration’s gross borrowings last month dropped 78 percent to P145.78 billion from P663.21 billion in...
Get lighter monthly payments for your dream Toyota vehicle with Balloon Payment Plus! Owning a car has been considered by many as a luxury not only because of purchasing price but also due to costs associated with maintenance and repair. Perspectives toward car ownership, however, have changed in...
