Lanao del Sur 1st district Rep. Zia Alonto Adiong (Ellson Quismorio/ MANILA BULLETIN) Lanao del Sur 1st district Rep. Zia Alonto Adiong has raised concerns over the questionable use of funds from the Office of the Chief Minister (OCM) of the...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Philippine government's efforts in enhancing labor market programs and promoting job creation. In a statement on Thursday, Jan. 30, ADB said the program aims to improve the productivity and employability...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to provide the Philippines with immediate access to financing in the event of disasters triggered by natural hazards or health-related emergencies. In a statement, the Manila-based lender said the funding will support...
The House plenary (Facebook) The House of Representatives overwhelmingly approved on third and final reading during plenary session Tuesday, Jan. 28 a measure enacting a new charter for the Development Bank of the Philippines (DBP)....
Dividends from the Maharlika Investment Corporation (MIC) will not offer relief for the recapitalization of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP), the head of the sovereign wealth fund stated. During a Jan. 28 press conference,...
San Miguel Corporation affiliate Bank of Commerce (BankCom) is raising at least P5 billion from the public offer of its dual-tranche fixed rate bonds due 2027 (Series C Bonds) and fixed rate bonds due 2030 (Series D Bonds). In a disclosure to the Philippine Stock Exchange (PSE), the bank said it...
Economies across the Asia-Pacific region can withstand headwinds from the policies of the Trump 2.0 administration that are deemed detrimental to global free trade and climate financing, according to a top Asian Development Bank (ADB) official. Once the United States imposes tariffs, "China, of...
Ayala Corporation has secured a $100-million (about P5.841 billion) financing deal with the Asian Development Bank (ADB) to accelerate the development of an electric mobility ecosystem in the Philippines. “This funding will be used to procure and install electric vehicle charging stations...
President Marcos has extended his well-wishes to the outgoing Asian Development Bank (ADB) president Asakawa Masatsugu for fostering the relationship between the Philippines and the ADB during his tenure. President Ferdinand 'Bongbong' Marcos Jr. conferred the Order of Sikatuna on outgoing Asian...
ILOILO CITY – This city had the second highest inflation rate in the country last December but a bank executive sees this as a sign of the growth and development here. EASTWEST CEO Jerry Ngo (right) and Chief Investment Officer Bede Gomez speak during an economic briefing in Iloilo...
Developing economies, including the Philippines, are projected to have the weakest average growth in the first 25 years (2001–2025) of the century, and these countries will continue to grapple with growth setbacks in the next quarter, the World Bank said. According to the multilateral lender’s...
State-owned Development Bank of the Philippines (DBP) was honored by the chief regulator of government-owned and controlled corporations (GOCCs) for its consistent adherence to good corporate governance principles, top officials said. DBP President and Chief Executive Officer Michael O. de...
