Everyone knows what a 10 percent battery feels like mid-afternoon, while you’re in transit or maybe during a power outage. The meeting still has thirty minutes left. The map is mid-route. The shoot is not done. The question at that point is not whether to find power, but whether the right power...
The Philippines will repay through 2041 an $800-million loan from the World Bank aimed at strengthening the country’s fiscal resilience, attracting higher-quality private investments, and equipping workers with skills for more productive and higher-value jobs. Documents showed that Finance...
Samarkand, UZBEKISTAN — The information technology and business process management (IT-BPM) industry, the Philippines’ top dollar earner, needs to overcome infrastructure and talent challenges while keeping pace with emerging technologies such as artificial intelligence (AI) to maintain its...
LT Group Inc., the conglomerate controlled by tycoon Lucio Tan, expects its banking division to drive earnings to another record this year, offsetting the impact of elevated commodity costs and strained consumer spending fueled by geopolitical conflicts in the Middle East. In a briefing, Lucio Tan...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
Local monetary authorities face the growing challenge to stabilize surging consumer prices as the initial pass-through of global oil inflation threatens to push the headline rate into double digits by the fourth quarter of the year. The mounting risk that inflation expectations could become...
Ty-led Metropolitan Bank & Trust Co. posted a two percent increase in net income for the first quarter of the year, as the steady expansion in lending and improved margins offset the rise in operating expenses. In a disclosure to the Philippine Stock Exchange, the lender controlled by the Ty family...
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...
