The Philippines is lining up another $3.5 billion in loans from the Asian Infrastructure Investment Bank (AIIB), the Asian Development Bank (ADB), and the World Bank, based on preliminary project documents, adding to the previously identified $8.9-billion indicative pipeline of multilateral...
Despite lingering upside risks to inflation, China Banking Corp. (Chinabank) expects the Bangko Sentral ng Pilipinas (BSP) to conclude its rate-hiking cycle this August, arguing that second-round inflation effects have largely dissipated. The projection follows a third consecutive month of...
The Philippines ' education crisis remains one of the country 's most pressing challenges, with millions of students struggling to read, overcrowded classrooms becoming the norm, and many schools still lacking adequate facilities years after the pandemic. A 2022 World Bank report found...
Alex Eala hopes to keep her momentum rolling on the WTA Tour as she opens her National Bank Open campaign against familiar foe Alycia Parks in Toronto, Canada, on Thursday, Aug. 6 (Philippine time). Fresh off her breakthrough title at the Mubadala DC Open in Washington, D.C. last Monday, Aug. 4,...
Alex Eala and Venus Williams will finally share the court again after being paired in the doubles of the National Bank Open in Toronto, Canada. Tournament organizers announced on Wednesday, Aug. 5 (Philippine time) that the pair received a main draw wildcard, with their first-round match scheduled...
Artificial intelligence (AI) could help developing economies such as the Philippines accelerate development, raise productivity, and create new opportunities, but the country must move quickly to adapt as one of its largest industries—the business process outsourcing (BPO) sector—faces mounting...
Philippine banks have begun onboarding customers to the newly launched Apple Pay, enabling Mastercard- and Visa-powered debit and credit cardholders to use the digital payment service in the country. Apple Inc.’s website showed that Apple Pay currently supports card linking for cardholders of...
There will be little time for Alex Eala to savor her breakthrough WTA Tour title as she is expected to quickly shift her focus to an even tougher test at the National Bank Open in Toronto, Canada this week. The WTA 1000 event has been underway since last Sunday, Aug. 2, with Eala securing an...
Japanese financial giant MUFG Bank Ltd. said the Philippine peso is among the Asian currencies that stand to benefit from the Japanese yen’s appreciation against the United States (US) dollar. MUFG Global Markets Research senior currency analyst Michael Wan identified the peso, Thai baht, and...
Ayala-led Bank of the Philippine Islands (BPI) expects a better performance in the second half of this year after its earnings were trimmed by higher provisioning in the second quarter due to risks arising from the Middle East conflict. In a media briefing on Monday, Aug. 3, to kick off the...
The World Bank urged the Philippines to accelerate power sector reforms to lower electricity costs and reduce its dependence on imported fuel, saying cheaper and more reliable power has become critical to sustaining economic growth, attracting investments, and reducing poverty after the country’s...
Alex Eala faces a tight schedule in her North American hard-court swing after her final match against Jessica Pegula at the rain-delayed Mubadala DC Open in Washington D.C. is rescheduled to Tuesday midnight, Aug. 4 (Philippine time). Eala is scheduled to compete at the National Bank Open in...
