A "steady" Philippine economy would allow the peso to further strengthen to the ₱54:$1 level before year-end, despite lingering downside risks from local politics as well as external economic and financial developments, according to Japanese financial giant MUFG Bank Ltd. In a May 27 report...
The Philippines will receive a $400-million, or about ₱23.4-billion, loan from the Asian Development Bank (ADB) to restore marine ecosystems and strengthen its blue economy, as part of the lender’s $24-billion support package for Southeast Asia through 2028. ADB President Masato Kanda announced...
The Philippines ' annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031. Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross...
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...
Digital payments giant Visa plans to forge two more partnerships with traditional banks this year—adding to its newly launched collaboration with CIMB Bank Philippines—to help bridge the multi-billion-dollar funding gap for small and medium-sized enterprises (SMEs). “I’m hoping by the end...
Moody’s Ratings has affirmed the credit ratings of three of the Philippines ’ largest banks —BDO Unibank Inc., Bank of the Philippine Islands (BPI), and Metropolitan Bank & Trust Co. (Metrobank)—on the back of their solid capital positions, stable profitability, and strong liquidity, even...
The Manila-based multilateral lender Asian Development Bank (ADB) is urging its host country to ramp up nationwide mobile internet access to boost Filipino households ' wealth. "Our findings show that mobile internet access has a significant and positive impact on household wealth,...
Women in the Philippines are more at risk of losing their jobs due to the emergence of artificial intelligence (AI), according to the Washington-based multilateral lender World Bank. "In EAP [East Asia and Pacific], women, the more highly educated, and workers in commerce and trade sectors are more...
The board of executive directors of the Washington-based World Bank has approved the group ’ s new lending program, or so-called country partnership framework (CPF), for the Philippines covering the years 2026 to 2031, with a focus on boosting investment in education, health, job creation,...
The Department of Public Works and Highways (DPWH) and the Asian Development Bank (ADB) inspected the rehabilitation of a key highway and bridge project linking Zamboanga Sibugay and Zamboanga del Norte on Thursday, May 22. DPWH Secretary Manuel M. Bonoan and ADB Vice-President Scott Morris led...
Zobel-led Bank of the Philippine Islands has decided to end the offering of the BPI Supporting Inclusion, Nature, and Growth Bonds due 2026 (BPI SINAG Bonds) because of “strong and substantial demand.” In a disclosure to the Philippine Stock Exchange, the bank said its 1.5-year Peso-denominated...
The Philippine peso is seen to continue appreciating this year and into next year, amid expectations that the United States (US) dollar would remain weak for a longer time, according to the latest forecast of Singapore-based DBS Bank Ltd. In its latest foreign exchange (FX) quarterly report for the...
