The European Chamber of Commerce of the Philippines (ECCP) has called for the timely implementation of the Maritime Industry Development Plan (MIDP), which identify priority programs to be implemented till 2028 to develop and make the Philippines maritime sector globally competitive. The ECCP...
Land Bank of the Philippines is offering its "anti-bill shock" credit facility to distribution utilities (DUs) in the power industry to help them cushion the impact of surging electricity rates during the summer months. As conveyed to the Energy Regulatory Commission (ERC), the credit facility...
Coca-Cola Philippines has expanded the Ecosystem Impact Program in partnership with Plastic Bank Philippines, a social enterprise that builds collection and recycling ecosystems in communities, to intensify efforts in addressing plastic waste in the country. In a statement, the beverage giant said...
Senator Risa Hontiveros (Senate PRIB) Senator Risa Hontiveros on Tuesday, April 18, called for an investigation, in aid of legislation, into the proposed merger of the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP). In Senate Resolution No. (SR) 570,...
Multilateral financier World Bank has urged the government to give incentives for investments in climate smart agriculture, renewable energy (RE) and to tap ESG (environmental, social, governance) bonds to finance climate actions countering disasters.
Presenting its Country Climate and...
Surigao del Sur 2nd district Rep. Johnny Pimentel (Facebook) A ranking congressman expressed confidence that the national government will receive bigger cash dividends from the Land Bank of the Philippines (LBP) after its planned merger with the Development Bank of the Philippines (DBP)....
WASHINGTON, United States (AFP) – The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising...
Ayala-led ACEN Corporation and its partner-firms have signed financial agreement with Asian Development Bank (ADB) and other lenders for their 600-megawatt Monsoon wind farm project estimated to cost over $1 billion in Sekong and Attapeu provinces in Laos. According to ACEN, ADB is the lead arranger...
The Marcos administration's economic team will be in the United States (US) this week to paint a resilient, fast-growing, open, united, and politically stable Philippines on the sidelines of the World Bank-International Monetary Funk (WB-IMF) Spring Meetings in Washington, D.C. *Malacañang photo*...
To everyone’s dismay, history repeated itself. Before we had Madoff, the subprime credit crisis, and other bank and investment officers stealing as well as losing millions of investors’ money in unauthorized trades including large, undisclosed fees. Obviously, Enron’s illegal history lingers...
Former Senate President Franklin Drilon (Senate PRIB) Former Senate President Franklin Drilon on Monday, April 10 said the President already has the power under the GOCC Governance Act to direct the merger of the state-owned Land Bank of the Philippines (LBP) and the Development Bank of the...
WASHINGTON, United States (AFP) -- The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability....
