The World Bank has noted improved implementation of an extended loan that supports breaking down collective certificates of land ownership awards (CLOAs), or titles given to agrarian reform beneficiaries (ARBs) in the Philippines. In an Aug. 21 implementation status and results report seen by...
The Manila-based Asian Development Bank (ADB) has officially designated Andrew Jeffries as its new country director for the Philippines effective Monday, Aug. 18, 2025. Jeffries will lead the ADB’s operations in its host country, which currently holds an active portfolio valued at approximately...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
The Department of Agriculture (DA) is seeking ₱3.5 trillion in total investments—including support from the private sector—to transform the country’s agriculture sector into a more robust, economically viable contributor to national food and economic security. During the launch of the...
Real estate giant Ayala Land Inc. (ALI) will be raising ₱10 billion this month from a multilateral sustainability-linked loan as part of the ₱50 billion in funds it will be securing in the second half of the year. In an interview, ALI Chief Finance Officer (CFO) Augusto Bengzon said that ₱30...
San Miguel Corp.’s (SMC) affiliate Bank of Commerce (BankCom) posted a 31-percent growth in unaudited net income to ₱1.86 billion in the first half of 2025 primarily due to strong revenue growth. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its earnings translated to a...
Another loan from the World Bank is forthcoming for the Philippines, this time to finance the country’s fight against epidemics by strengthening both human and animal health systems to improve pandemic preparedness. According to a Aug. 12 concept environmental and social review summary...
As you head home one afternoon, traffic was slow moving. You chanced upon this billboard and had a moment to pay attention. As you paid more attention to the billboard. These flashing words piqued your interest: When things get tough, who do you bank on? As the words continue to flash, they also...
Security Bank Corp. improved its net income by eight percent to ₱5.9 billion in the first half of the year as total revenues grew 23 percent year-on-year to ₱31.6 billion on the back of a jump in non-interest earnings. The bank said in a disclosure to the Philippine Stock Exchange that its...
Zobel-led Ayala Corp. reported a core net income, which excludes one-off items, of ₱23.7 billion in the first half of 2025—a two percent decline compared to the same period last year but an improvement from the four percent drop in the first quarter of the year. “This was a result of higher...
The Philippines has secured a $400-million, or over ₱22-billion, loan from the Manila-based Asian Development Bank (ADB) to support its host country in addressing hunger, food insecurity, and malnutrition, particularly in the face of growing climate and disaster-related threats. Undernutrition in...
The Ty family’s investment arm, GT Capital Holdings, Inc., expects to sustain its strong growth trajectory as it reported a 31 percent jump in core net income to ₱18.11 billion due to the record performances of Metrobank, Toyota, and Metro Pacific. In a disclosure to the Philippine Stock...
