Multilateral financier World Bank has urged the government to give incentives for investments in climate smart agriculture, renewable energy (RE) and to tap ESG (environmental, social, governance) bonds to finance climate actions countering disasters.
Presenting its Country Climate and...
Executive Secretary Lucas Bersamin (left) swears in DBP president and chief executive officer, Michael O. de Jesus, during rites held on January 11, 2023, at the Office of the Press Secretary in Malacañan Palace, Manila. A prominent and seasoned banker has formally assumed the position as head of...
Ayala’s energy listed firm ACEN Corporation and its Vietnamese firm-partner BIM Group secured $107-million project financing from the Asian Development Bank (ADB) and other lenders for the 88-megawatt Ninh Thuan wind farm venture in South Central Vietnam. This greenfield installation, according...
Government borrowings accelerated in November last year mainly due to increased domestic financing, data from the Bureau of the Treasury revealed. Gross borrowings of the Marcos administration amounted to P97.87 billion in November alone, up 266 percent from only P26.69 billion in the same month in...
SB Finance has inked a partnership with KServico, the largest network retailer of consumer durables in Luzon, to offer payment installment options through its Pay Hooloogan service. In a statement, SB Finance President Abbie Casanova said in a statement that Hooloogan offers a credit line of up to...
FROM THE MARGINS In my previous article, I lamented the declining contribution of agriculture to the country’s gross domestic product. As we are an agricultural country that is rich in natural resources, we should aim to grow our agricultural sector to a level that surpasses services and industry...
Borrowings of the national government rose last October due to President Marcos’ maiden issuance of offshore commercial bonds, data from the Bureau of the Treasury revealed. Gross financing of the Marcos administration stood at P182.42 billion in October this year, higher by 25 percent compared...
WALA LANG With a bit of prodding, barbers can be loquacious. Ranny Perlas was late, he apologized, because he had to walk all the way from his apartment in Santa Ana to the Makati CBD barber shop. The previous week, he continued, he was waiting for the red light to change when a speeding car turned...
Bukas, a tech-enabled education financing platform by its parent company ErudiFi, reported a milestone of funding over P500M worth of tuition for Filipino students in hopes of a brighter future. Jon Robert Emlano, president of Bukas, said in a statement Thursday, Nov. 24 that the milestone was...
Battery energy storage system (BESS) can now be prudently positioned as a technology solution that can thrive on a cost-competitive basis as well as a viable application, especially on the sphere of ancillary services (AS) or the technology support to guarantee reliable operations of the power...
Debt payments down 41% in H1 Debt payments by the national government went down by 41 percent in the first semester of the year due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P458.35 billion in January to June this year,...
Former President Duterte borrowed P1 trillion in his final six months in Malacañang. Data from the Bureau of the Treasury showed that the national government’s net borrowings hit P1.021 trillion from January to June this year. This amount, however, was 40 percent lower compared with P1.719...
