Globe Telecom Inc. has signed a term loan facility of ₱5 billion with Bank of Commerce (BankCom), the banking arm of San Miguel Corp., to bankroll expansion projects and other financing needs. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala-led telecommunications giant said the...
Exactly a week ago today, I attended the confirmation of the country’s 10 outstanding Filipinos, an annual recognition program by the Metrobank Foundation, which is now in its 40th year. The grand ballroom of the posh Grand Hyatt Hotel in BGC was teeming with people dressed in their best. The 10...
The Philippines will repay its latest $700-million (over ₱39-billion) World Bank loan, which is aimed at strengthening community resilience, until 2053. The latest World Bank documents showed that Finance Secretary Ralph G. Recto, on behalf of the Philippine government, signed the loan agreement...
State-owned Development Bank of the Philippines (DBP) has launched a ₱510-million corporate social responsibility (CSR) program designed to strategically allocate resources and promote access to quality education in both the basic and tertiary levels, a top official said. DBP President and Chief...
LONDON, England – The World Bank is gearing up to help countries build safer nuclear power facilities by enhancing their technical capacity and strengthening institutional structures to mitigate project risks. In an exclusive interview on the sidelines of the recently concluded World Nuclear...
The World Bank said its loan-funded Philippine Fisheries and Coastal Resiliency (FishCoRe) Project is making progress even as the Washington-based multilateral lender slightly downgraded the project’s overall implementation ratings. In a Sept. 5 implementation status and results report, the World...
Singapore-based United Overseas Bank (UOB) expects lower interest rates to lift Philippine economic growth in the near term, despite lingering global challenges that would likely expand the domestic economy below the government’s goal for the year. In its Quarterly Global Outlook report for the...
Economic growth in Asia-Pacific stands to benefit from increased artificial intelligence (AI) and cloud computing adoption across the region, according to the Asian Development Bank (ADB). In a brief titled “Leveraging Artificial Intelligence and Cloud Computing to Accelerate Growth in Asia and...
Japanese financial giant MUFG has forecast the Philippine peso to fare steadily against the United States dollar through the second quarter of 2026, as the latter bears the brunt of U.S. President Donald Trump’s attack on the Federal Reserve’s independence. MUFG projected the peso’s current...
Union Bank of the Philippines (UnionBank) reported that the board of directors of its fintech arm UBx Philippines has appointed former Foodpanda Philippines head Daniel Marogy as chief executive officer (CEO) effective Sept. 1, 2025. “Marogy brings over 16 years of transformative leadership...
Consumer prices may have risen at a faster pace in August, the central bank projected, as recent typhoons and excessive rainfall likely stoked the cost of basic goods, especially food items. Last month’s inflation is expected to clock within the range of one percent to 1.8 percent, according to...
To enhance school leadership and accelerate classroom development, the Department of Education (DepEd) has teamed up with Security Bank Foundation, Inc. (SBFI) and Security Bank Corporation (SBC). In a statement issued on August 29, DepEd said the partnership aligns with President Marcos’ call to...
