Small businesses remain the backbone of Southeast Asia’s economy, generating two out of every three jobs across the region. Yet despite their vital role, micro, small, and medium enterprises (MSMEs) continue to face systemic barriers that hinder their growth—chief among them, limited access to...
Belem, Brazil — The International Atomic Energy Agency (IAEA) will host a two-week program at the ongoing COP30 Climate Change Summit to spotlight nuclear energy 's rising global momentum as a cornerstone of the clean energy transition and a critical weapon in the fight against climate...
Fuse Financing, Inc., the lending arm of the Philippines’ leading finance super app and largest cashless ecosystem GCash, underscored the importance of innovative financing structures at the 5th Asia Finance Forum, hosted by the Asian Development Bank (ADB) at its headquarters in Manila. The...
As the country reconsiders nuclear energy, the Department of Energy (DOE) is set to explore financing options in coordination with the Department of Finance (DOF), the Department of Economy, Planning and Development (DepDev), and the Maharlika Investment Corp. (MIC), among other agencies. In a...
The Securities and Exchange Commission (SEC) has lifted the suspension of Jia Financing Inc.’s Certificate of Authority after admitting that it had failed to observe due process by not first notifying the firm of its violations. In moving for a partial reconsideration, Jia said the order issued...
ILOILO CITY — Two persons were charged for terrorism financing in Panay Island. The Police Regional Office-6, the 3rd Infantry Division (ID) of the Philippine Army, and the Regional Task Force to End Local Armed Conflict (RTF-ELCAC) confirmed the case. Col. Erwin Lamzon, 3rd ID spokesman, said...
LONDON, England—When a country greenlights nuclear power projects, it exposes stakeholders to significant risks. Who reaps the revenue? Who will bear the burden of a fallout? And who gets stuck with the bill? At the recent World Nuclear Symposium in London, one question came up again and again:...
The Securities and Exchange Commission (SEC) has ordered Fuse Lending Inc. to stop its unlicensed lending operations while suspending Sumulong Financing for failing to get approval for its business plan. The Commission said it has issued a cease and desist order (CDO) against Fuse Lending for its...
The Securities and Exchange Commission (SEC) has slapped a 60-day suspension on Jia Financing Inc. for operating an illegal website and for failure to disclose new loan products and services. In a statement, the SEC said it has suspended the certificate of authority of Jia Financing operate as a...
While the Philippines’ exit from the European Union’s (EU) high-risk jurisdictions list is expected to ease the country’s access to the EU financial system, debt watcher Moody’s still urged continued vigilance in sectors such as online gaming and cryptocurrency to ensure it does not return...
All Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs) have been ordered to strengthen their risk management procedures by integrating the screening of negative news reports—such as fraud, crime, and scandals involving customers—into their customer due diligence and...
Senate President Francis “Chiz” Escudero renewed his call for the government to first resolve the concerns of transport groups regarding on financing before pushing for the Public Transport Modernization Program (PTMP). “My position has not changed. Until the government perfects the...
