Upcoming midterm elections, coupled with increased household spending, will drive the Philippine economy to 6.3 percent in 2025, Ayala-led Bank of the Philippine Islands (BPI) said. BPI senior vice president and lead economist Emilio S. Neri Jr., in a Jan. 15 report, said this year’s economic...
Homegrown digital bank Maya accelerated financial inclusion in 2024 by capitalizing on its integration of payments and banking services, boosting both deposit activity and lending. On Wednesday, Jan. 15, Maya reported holding a total of P39 billion in deposit balances in 2024. The company also...
Countries in Asia and the Pacific (APAC), including the Philippines, could suffer sluggish economic growth, with more people jobless and less productive if governments do not prepare for the mega changes in workforces. This warning came after Alex Ivaschenko and Helen Osborne, authors of an Asian...
Development Bank of the Philippines (DBP) said it will request an extension of regulatory relief from the central bank, following its investments in the Maharlika Investment Fund (MIF), while the Land Bank of the Philippines (Landbank) does not see the need for it. On the sidelines of the 2025...
DBP President and Chief Executive Officer, Michael O. de Jesus, displays his “Top Leaders in Asia” award conferred by Malaysia-based MORS Group during awarding rites held recently in Bangkok, Thailand. State-owned Development Bank of the Philippines (DBP) President and Chief Executive...
While the East Asia and Pacific region has driven the reduction of the Global Prosperity Gap (GPG), the Philippines remains classified as a country with high inequality, World Bank data revealed. According to a World Bank blog published on Jan. 8, the region has greatly contributed in closing...
PNB President Florido P. Casuela holds the Best Branded Digital Ad trophy for the PNB Every Step Together ad campaign received from the 46th Catholic Mass Media Awards. He is flanked by PNB Senior Vice President and Marketing Group Head, Jennifer Y. Ng (right) and PNB Senior Manager and Marketing...
In the photo from left to right: Ollygar Von Palay (Finance Manager, WeFund Lending Corp.), Francisco “Coco” Mauricio (President and CEO, WeFund Lending Corp.), John Cary L. Ong (Executive Vice President, Security Bank), Alexis Xu (Chief Financial Officer, Finvolution Group), Earvin...
The Philippine government is leveraging support from foreign lenders this year to drive its development objectives, securing billions in loans for projects aimed at transforming the country. Online documents reviewed by the Manila Bulletin revealed that the Marcos administration will borrow a total...
The Philippine bamboo industry has an "enormous" potential for bigger and higher-value exports to the global market, according to the Asian Development Bank (ADB). "The Philippines' major bamboo species, Dendrocalamus asper , is known as the giant bamboo because of its massive culms and towering...
The Asian Development Bank's (ADB) newest loan to its host country, the Philippines, which will finance reforms in managing public funds, is scheduled to be repaid until 2039. Documents showed that the loan agreement for the $500-million Public Financial Management (PFM) Reform Program (Subprogram...
While most investors around the world are scrambling to ditch coal plants like bad habits, a defiant European billionaire is still pushing all his chips in for this technology - scooping up these assets in a brazen move to cement coal’s place in the energy mix for many more decades to come. Czech...
