The Bangko Sentral ng Pilipinas (BSP) cautioned the public against transacting with Bangko Maharlika Ltd., an entity currently operating under the name “The Bank of Humanity,” stating that the firm lacks the legal authority to conduct financial services in the country. In an advisory issued...
The World Bank has urged East Asia and Pacific (EAP) countries to strengthen the efficiency, safety, and sustainability of their maritime sectors, saying the Philippines and its regional peers need reforms to support economic growth, improve trade competitiveness, and create more jobs amid aging...
Aboitiz-led Union Bank of the Philippines (UnionBank) reported a 113-percent surge in net income to ₱6.9 billion in the first half of 2026 from ₱3.3 billion in the same period last year, sustaining its strong performance, particularly in the credit card business, which took off in the second...
Three multilateral lenders are expected to greenlight up to $8.9 billion, equivalent to about ₱549 billion, in new loans over the next two years before the Philippines’ upper-middle-income-country (UMIC) status limits the country’s access to concessional financing in the coming years....
The ongoing war in the Middle East continues to “ substantially ” weigh on the Philippine tourism industry, although strong domestic tourism has helped cushion the impact, according to the Department of Tourism (DOT). Speaking during the 117th Asian Impact Webinar organized by the...
Taipan Lucio Tan’s Philippine National Bank (PNB) reported a 17 percent increase in first-half net income to ₱14.6 billion as lower deposit costs and expanding loan demand bolstered core revenue. In a disclosure to the Philippine Stock Exchange, the bank said net income rose from ₱12.5...
Every morning in Gaza begins with a calculation. How much drinking water is left? Is there enough food for the day? Will there still be hot meals when the family reaches the front of the queue? Can anyone find medicine before supplies run out? Nearly three years into the war, Palestinian Minister...
Another $1-billion loan has been added to the World Bank’s financing pipeline for the Philippines, aimed at strengthening government disaster preparedness and response amid increasing climate as well as natural hazard risks. The World Bank disclosed in a July 22 program information document...
Bank of the Philippine Islands (BPI) forged a partnership with global digital clearinghouse Meridian to use stablecoin settlement rails for digital asset-to-Peso settlement of remittances. The move is set to modernize how money moves into the country, with a particular focus on payroll credits for...
Malacañang maintained that the Senate sitting as an impeachment court should determine whether Vice President Sara Duterte 's tax records should be obtained as evidence in her impeachment trial, saying the administration would simply follow the legal process. Presidential Communications...
The Philippines, one of the world’s most climate-vulnerable countries, can strengthen its climate resilience by investing more in female farmers, according to Tokyo-based think tank Asian Development Bank Institute (ADBI). In a policy brief titled “Agricultural Innovation and Women’s...
Visa and Land Bank of the Philippines (Landbank) are targeting a nearly twentyfold expansion of their digital expense management platform by the end of the year, aiming to bring 2,000 government agencies onto a system designed to automate public spending and curb improper outlays. During the...
