The Department of Energy (DOE) is keenly seeking the assistance of the World Bank and other development-partners on sorting out policies as well as funding mechanisms that can bring down Philippine electricity rates as the country advances into its energy transition agenda leaning mainly on...
Metropolitan Bank & Trust Co. (Metrobank) has been recognized by the Bureau of the Treasury (BTr) as among the 10 Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024. In a statement, the bank said it brings home the title for the third consecutive year in...
A total of 115 Filipinos remain in the West Bank after the arrival in the Philippines of the second batch of five repatriates on Friday, Nov. 24, the Philippine Embassy in Jordan said. Smoke rises during clashes between the Israeli military and Palestinians in the Jenin refugee camp, in the...
Digital banking processor Maya and multiservice transport platform Grab Philippines have sealed a partnership to allow seamless cross-app transactions for its users. Through the collaboration, Maya users can link their accounts to Grab using their mobile number to make direct transactions...
Five Filipinos have successfully exited West Bank and crossed the border to Jordan amid ongoing tensions between Israel and Palestine militant group Hamas, the Philippine Embassy in Jordan said. Smoke rises during clashes between the Israeli military and Palestinians in the Jenin refugee camp, in...
The Department of Transportation (DOTr) is eyeing to seek assistance from Japan or two other international financial institutions to bankroll three major railways project in Luzon and Mindanao. DOTr Secretary Jaime Bautista said Japan, through its Japan International Cooperation Agency...
DIGITALLY SMART A A special digital workshop teaches digital literacy for women in need Digital upskilling for women in need Partnering up with Filipina Homebased Moms (FHMoms), PLDT and its wireless unit Smart have kicked off its digital upskilling program for women in need, preparing them for...
The Philippines will benefit from the new credit line approved by the World Bank that aims to minimize the impact of major natural disasters and health crises on the domestic economy, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the $500-million standby credit...
Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
Union Bank of the Philippines (UnionBank), a member of the Aboitiz group of companies, has started the public offering on fixed rate bonds from its P50 billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it is offering 1.5-year Senior Fixed Rate Series F...
The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
CEBU CITY – Tourism and infrastructure projects were pushed when officials from the World Bank recently visited the province of Bohol. Gov. Aris Aumentado said the recent visit strengthened the ties between the province and the World Bank. BOHOL Gov. Aris Aumentado (center) welcomes officials...
