The Asian Development Bank (ADB) has approved up to $4.3 billion loan to help finance the construction of nearly 55 kilometers of modern suburban railway line connecting Metro Manila with the city of Calamba in Laguna. In a statement, the Manila-based multilateral institution said on Thursday, June...
Outgoing Surigao Del Sur 1st district Rep. Prospero Pichay has issued a statement countering the Sandigbayan’s conviction of him for multiple charges of graft. Prospero A. Pichay Jr. Read more here:...
State-lender Development Bank of the Philippines (DBP) will help build the Marquee Doctors Medical Center, Inc. (MDMCI) in Pampanga to boost the availability of quality and affordable healthcare services in the province. In a statement Thursday, June 9, Emmanuel G. Herbosa, DBP president and chief...
State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement with the Philippine Deposit Insurance Corporation (PDIC) to facilitate the payment of insurance claims to depositors of closed banks, a top official said. DBP President and Chief Executive Officer Emmanuel G....
media In its 2019 Financial Inclusion Survey, Bangko Sentral ng Pilipinas (BSP) noted about 51.2 million unbanked Filipinos, translating to a whopping 71 percent of the entire adult population. But when the pandemic started, there was a big jump in account ownership due to the digitalization of...
The University of the Philippines Los Baños (UPLB) and Land Bank of the Philippines signed an Academe-Industry Cooperation Agreement on June 3 at the Executive Conference Room, BM Gonzalez Hall at the UPLB campus for student training program partnership. University of the Philippines Los Baños...
The World Bank said the Philippine government’s debt load remains manageable despite recent acceleration amid the prolonged pandemic. Even it has ballooned, Kevin Chua, World Bank senior economist noted that the government’s debts are mostly held by Filipino creditors, long-dated IOUs and...
The Philippine economy is poised to grow at a much slower pace than government’s target this year due to intensifying global uncertainties, the World Bank said on Wednesday, June 8. Based on World Bank’s Philippine Economic Update June 2022 edition, the Washington-based lender projected that...
A World Bank study recommending reforms in the Philippine Crop Insurance Corp. (PCIC) has found that the state-run firm’s current approach to agricultural insurance neither provides value for money to taxpayers nor adequate protection to farmers. The PCIC is also “very exposed to catastrophe...
Philippine Business Bank (PBB) reported a 93.4 percent jump in net income to P310 million in the first quarter of 2022 from P160 million in the same period last year as core income grew to P732.3 million from P725.2 million. In a disclosure to the Philippine Stock Exchange, the bank said its net...
For building a more secure ecosystem for consumers and enterprises, the country's only all-in-one money platform Maya has copped recognitions at the Privacy Awareness Week Awards 2022 organized by the National Privacy Commission (NPC). Maya won at the Privacy Awareness Week Awards 2022 for its...
Bank of Commerce more than doubled its net income to P360.6 million in the first quarter of 2022 from the P146.3 million it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said “This upward trajectory resulted from the continued strong core business...
