Philippine stocks remain among Asia’s weakest performers as investors continue to favor markets benefiting from the artificial intelligence (AI) boom, while concerns over domestic economic, investment, and policy conditions weigh on sentiment, according to Singapore-based DBS Bank Ltd. In a...
The Manila-based multilateral lender Asian Development Bank (ADB) has urged countries in Asia-Pacific to accelerate regional power connectivity as mounting geopolitical tensions, soaring electricity demand, as well as energy security risks threaten economic growth and household welfare across the...
The Philippines recorded the lowest demand for digital skills among six Asia-Pacific economies studied by the Manila-based Asian Development Bank (ADB), although employers’ requirements for digital competencies have been rising steadily as technology spreads across a broader range of occupations....
The World Bank has urged Philippine implementing agencies to focus on completing the long-delayed Metro Manila Flood Management Project amid signs of progress and with less than six months remaining before its financing expires. In a June 7 implementation status and results report, the...
Despite easing inflation in May, pressure is mounting on the Bangko Sentral ng Pilipinas (BSP) to raise interest rates by 50 basis points (bps) at its June 18 policy meeting, as analysts see the moderation in price growth as short-lived and argue that a smaller hike could come at the expense of the...
In an era dominated by hyper-automation, Generative Artificial Intelligence (AI), and algorithms that predict our next move, the banking industry has spent years chasing a cold, clinical standard of efficiency. But during my recent chance to sit down and have a conversation with Patrick Meneses,...
Despite widespread public concern about climate change, financing and institutional constraints continue to hamper the Philippines’ efforts to strengthen climate resilience and adaptation measures, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). In...
The Philippines’ automotive market has received another vote of confidence from Japan, with the Japan Bank for International Cooperation (JBIC) backing a $573-million financing package to support the vehicle sales business of Mitsubishi Motors Finance Philippines Inc. (MMFP). In a statement...
Bank lending accelerated to its fastest pace in nine months in April, fueled by the sharp rebound in credit demand from corporate borrowers and steady household spending. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed that outstanding loans granted by universal and...
The Asian Development Bank (ADB) is preparing a $10-million technical assistance (TA) grant to jump-start its newly launched Pan-Asia Power Grid Initiative, a flagship regional program aimed at expanding cross-border electricity trade and accelerating renewable energy (RE) integration across Asia...
MUFG Bank Ltd., Japan’s largest commercial lender, is prepared to finance nuclear energy projects in the Philippines as part of its regional sustainable finance strategy, though it favors smaller reactors over reviving the country 's dormant, large-scale assets. In a media roundtable, MUFG...
The China-backed Asian Infrastructure Investment Bank (AIIB) is expected to provide a $200-million loan to co-finance with the World Bank a forthcoming $1-billion policy-based financing package that will support the Philippines’ energy transition, electricity market reforms, and water-sector...
