The World Bank Group (WBG) will extend to the Philippines between $22 billion and $23 billion—or as much as over ₱1.2 trillion—in loan and other financing starting mid-2025 until 2031 to support both public and private initiatives aligned with the country 's climb to upper-middle-income...
ILOILO CITY – Officials of the Department of Public Works and Highways-6 (Western Visayas) has questioned the filing of graft and corruption cases by the Crimes and Corruption Watch International Inc. (CCWII). “What’s the reason behind? What’s their real intent?” DPWH-6 Regional Director...
The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
ILOILO CITY — Amnesty International Philippines has called on elected and reelected officials in the Visayas to address red-tagging or labelling certain people as communists. “The newly elected local and congressional officials in the Visayas should do better in addressing the red-tagging of...
ILOILO CITY – Graft and corruption charges have been filed against key officials of the Department of Public Works and Highways-6 for allegedly rigging the bidding process in favor of Iloilo-based International Builders Corp. (IBC), the biggest contractor in Western Visayas region. The complaint...
The aid agency Japan International Cooperation Agency (JICA) is ramping up its support for Light Rail Manila Corp. (LRMC) through a new technical assistance project aimed at improving the energy efficiency of Light Rail Transit Line 1 (LRT-1). Formalized on April 24, 2025, through an exchange of...
Sy-led SM Prime Holdings, Inc., one of Southeast Asia’s largest integrated property developers, is investing ₱1.7 billion for the construction of SMX Center for International Trade and Exhibitions (SMXCITE) — a large-scale venue rising within the SM Mall of Asia (MOA) Complex. The firm said...
HSBC Wealth Philippines aims to increase its share of the high-net-worth market, anticipating a doubling of affluent clients over the next five years, despite economic uncertainties. “We are looking to grow our market share,” said Pramoth Rajendran, head of international wealth and premier...
A couple of funds backed by the International Finance Corp. (IFC) will help bankroll infrastructure build-up in the Philippines, including "green" projects. Documents seen by Manila Bulletin showed that the IFC, the World Bank Group 's private-sector lending arm, on May 8 approved its...
The Office of the Prosecutor of the International Criminal Court (ICC) requested the Pre-Trial Chamber I (PTC I) to extend the deadlines of the submission of key evidence materials and witnesses’ identities in the crimes against humanity case against former president Rodrigo Duterte, citing...
Pageant king Branden Alaen (right) and his partner (Images courtesy of Instagram) International pageant king Branden Alaen has found love in the Philippines! Braden not only enjoys his stay in the Philippines, but he has also found a special someone who makes his heart flutter. On Instagram,...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, has deconsolidated McDonald’s Philippines franchisee Golden Arches Development Corp (GADC) from its financial statements to generate a one-time gain of ₱3.4 billion from the remeasurement of the investment’s...
