The Asian Development Bank (ADB) and the Government of Canada have announced a partnership to establish a new $255 million trust fund. The fund, known as the Canadian Climate and Nature Fund for Private Sector in Asia (CANPA), aims to support private-sector projects in Asia and the Pacific that...
Union Bank of the Philippines (UnionBank) reported that it was recognized as Best Investor Relations Company during the annual Corporate Governance Asia’s 14th Asian Excellence Awards. The awards ceremony, held last May 31st at the JW Mariott Hotel in Hong Kong, was attended by 245 senior...
The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
To address challenges in quality learning in the country, the Second Congressional Commission on Education (EDCOM 2) underscored the need for a coordinated approach to all interventions in teacher education. JOJO RINOZA / FILE PHOTO / MANILA BULLETIN In a statement issued on Thursday, June 6, EDCOM...
Security Bank Corporation, one of the country's leading universal banks, has forged a partnership with eCommerce platform Lazada Philippines to offer its retail banking products to online shoppers. Security Bank and Lazada Philippines formalize partnership with the opening of the Bank’s LazMall...
Bank of the Philippine Islands’ (BPI) financial inclusion and microfinance arm BanKo has teamed up with agri-tech company Agrilever to launch the Agri NegosyoKo Loan Program. In a media briefing, BPI said this initiative aims to help farmers strengthen their agricultural practices and...
CIMB Bank Philippines, the most awarded digital-only commercial bank in the country, recently launched the first-ever CIMB Pinoy Mavericks Awards, which aims to honor inspiring stories of triumph after travails, while also promoting financial inclusion and social responsibility. “We believe...
The Aboitiz Group’s lender Union Bank of the Philippines has successfully raised P10 billion from its stock rights offering which it reported as having robust participation from shareholders. In a disclosure to the Philippine Stock Exchange, the bank said it offered 327.12 million common shares...
Tycoon Alfredo Yao's Philippine Business Bank (PBB) reported a five percent improvement in net income to P511.5 million for the first three months of the year from the P488.8 million earned in the comparative period of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has secured a loan from Metropolitan Bank & Trust Co. (Metrobank) to support its capital needs for the year. In a statement on Thursday, May 23, Maynilad said the P10 billion from Metrobank will help fund projects aimed at...
Country Builders Bank Inc. has been rebranded as Top Bank Philippines Inc. (A Rural Bank) to mark “the start of a new era defined by its commitment to exceptional service.” “Our vision is clear: to be the top-of-mind and trusted banking institution that transforms the lives of our customers...
Aiming for a green energy future is one thing, but financing these projects is another. Three top banks explained to stakeholders the possible challenges new developers may face when it comes to financing their renewable energy (RE) projects. In a panel discussion during the Solar & Storage...
