The Asian Development Bank (ADB) has reaffirmed its support for a rapid economic recovery, infrastructure development, and regional cooperation. At the 14th Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP–EAGA) Leaders’ Summit on Thursday, Oct. 28, Masatsugu...
Shares other financial steps for a better future for every Filipino “I’ve heard and seen so many athletes who, after their careers, didn’t know where to go after. They went after their ‘wants’ instead of their ‘needs.’ Nakakalungkot. I don’t want it to happen to me and to all the...
The Department of Agriculture (DA) is close to securing the approval for the Fisheries and Coastal Resiliency (FishCoRe), a P10-billion project to be funded by World Bank. The project, which will run for seven years, is the first World Bank project to be implemented with the Bureau of Fisheries and...
The Philippine Red Cross (PRC) on Wednesday, Oct. 27, led the groundbreaking ceremony of the new PRC Blood Bank that will soon rise in Sta. Rosa, Laguna. Photo courtesy of Philippine Red Cross The PRC blood bank will serve the entire city and nearby cities such as Binan and San Pedro, Laguna, with...
The Asian Infrastructure Investment Bank (AIIB) has vowed to align its operations with the goals of the Paris Agreement as the Beijing-led lender raises its annual climate finance commitments. Currently, the China-led AIIB estimated its cumulative climate finance approvals to reach $50 billion by...
Amid the challenges of COVID-19, China Banking Corporation (China Bank) landed in The Asian Banker’s Top 500 Strongest Banks ranking for 2021 as the second strongest bank in the Philippines in terms of balance sheet. China Bank is also in the top 20 percent of the 500 strongest banks in the Asia...
The Asian Development Bank (ADB) has approved a new energy policy that will support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. In a statement, ADB President Masatsugu Asakawa noted that energy is central to...
China Banking Corporation (China Bank) has received the highest issuer rating of PRS Aaa (corp.) with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings). One of the country’s leading private universal banks with a strong franchise in the Chinese-Filipino market China Bank...
Real property valuations of local government units (LGUs) are not increasing fast enough to keep up with the market values of land in the country, the Asian Development Bank (ADB) said. During the virtual Bureau of Local Government Finance (BLGF) webinar Thursday, Oct. 21, Jose Antonio Tan III, ADB...
Not even half of the coronavirus vaccine doses funded by the World Bank have arrived in the Philippines, the Washington-based multilateral institution reported on Tuesday, Oct. 19. In a statement, Ndiame Diop, World Bank country director for the Philippines said only 4.73 million doses of vaccines...
The CFA Society Philippines, an association of chartered financial analysts, has awarded Security Bank Trust and Asset Management Group’s SB Peso Bond Fund as the Best Managed Fund for the Long-term Peso Bond Fund Category. During the CFA Society Philippines’ 2021 Best Managed Fund Awards, the...
President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
