The World Bank Group (WBG) has warned that the war in the Middle East is set to trigger the biggest energy price surge in four years, fueling inflation, slowing economic growth, and worsening food insecurity across developing economies. In an April 28 statement, the Washington-based multilateral...
Aboitiz Equity Ventures Inc. (AEV), the active portfolio manager of the Aboitiz Group, reported that its consolidated net income almost doubled to ₱6.3 billion in the first quarter of 2026 from the ₱3.2 billion earned in the same period last year. The firm informed the Philippine Stock Exchange...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
State-lender Land Bank of the Philippines (LBP) is expanding its response to the energy crisis through a coordinated package of fuel subsidies, commuter rebates, and low-interest loans, aiming to shield the transport and agriculture sectors from volatile global prices. Landbank said in a statement...
The World Bank has given its go-ahead to the $24.5-million Technical Assistance for Sustainable Agricultural Transformation (TASAT) program, which will complement the Philippines’ largest-ever single loan from the Washington-based multilateral lender aimed at diversifying the sector and moving...
Aboitiz-led Union Bank of the Philippines (UnionBank) reported a 167-percent surge in net income to ₱3.8 billion in the first quarter of 2026 despite some trading losses arising from market volatility associated with the Iran conflict. The bank noted that it continued the momentum that started in...
Malacañang said anyone has the right to file a case, distancing itself from the move of lawyer Manases Carpio, husband of Vice President Sara Duterte, to file criminal charges on the disclosure of bank accounts and violation of privacy. Carpio on Monday, April 27, filed criminal charges against...
House Senior Deputy Minority Leader Mamamayang Liberal (ML) Party-list Rep. Leila de Lima can 't help but smell fear from the direction of impeachment respondent Vice President Sara Duterte and the latter 's husband lawyer Manases Carpio. This, after De Lima got wind of Carpio 's...
Philippine National Bank (PNB) reported a five percent increase in first-quarter net income, buoyed by higher lending volumes and a focus on cost containment that helped the lender navigate a volatile interest-rate environment. In a disclosure to the Philippine Stock Exchange, PNB said the lender...
Vice President Sara Duterte’s husband, lawyer Manases Reyes Carpio, will file a criminal complaint on Monday, April 27, accusing financial regulators and House members of illegally disclosing confidential bank records. In an advisory issued on April 26, Carpio said he is scheduled to file the...
State-owned Development Bank of the Philippines (DBP) commemorates its 79th anniversary steadfast in fulfilling its developmental mandate ─ remaining a strong and financially stable government financial institution fully capable of supporting the socio-economic agenda of President Ferdinand R....
The Bangko Sentral ng Pilipinas (BSP) is poised to extend its tightening cycle as foreign lenders believe that the central bank will prioritize anchoring inflation expectations over mounting risks to economic growth. Following the Monetary Board’s decision last week to raise the benchmark...
