DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
The Philippine Embassy in Amman confirmed that three Filipinos failed to flee war-torn Gaza Strip amid renewed Israeli attacks there, while two Filipinos were able to cross the West Bank border to Jordan. Smoke billows from the Gaza's Rafah border crossing Egypt during an Israeli airstrike...
Union Bank of the Philippines, a member of the Aboitiz Group, has successfully raised P18.17 billion of peso-denominated fixed rate bonds via an oversubscribed dual tranche offering. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this is its largest bond issuance from...
The local stock market will be waiting for November’s inflation figure this week, hoping that a lower number will spur a rise in share prices. “This week, investors are expected to take cues from our upcoming economic data, primarily from our November inflation print which would give clues on...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The proposed Magna Carta of Filipino Migrant Workers received overwhelming support from private and public stakeholders during a recent House Committee on Overseas Workers Affairs hearing. ...
Giant conglomerate San Miguel Corp.’s (SMC) affiliate Bank of Commerce (BankCom) has tapped Infosys Finacle, a global leader in banking technology, to help accelerate its digital transformation and redefine banking experience for customers. In a disclosure to the Philippine Stock Exchange (PSE),...
The Asian Development Bank (ADB), as transaction advisor on the Ninoy Aquino International Airport Public-Private partnership (NAIA PPP) Project, is recommending the extension of bid submission deadline by one month, to Jan. 29 2024. In a document, ADB said the extension up to Jan. 29, 2024...
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...
