In line with the bold commitments of countries to the 26th Conference of the Parties on Climate Change (COP26), an innovative low-cost funding mechanism from multilateral agencies like the Asian Development Bank (ADB), to be complemented by private financing, would be needed to concretize the...
The European Chamber of Commerce of the Philippines (ECCP) and the Philippine Energy Independence Council (PEIC) have been reinforcing calls to step up the country’s energy self-sufficiency, albeit with caution that technology deployments must lean on cleaner resources to align such goal with the...
British giant HSBC said the Bangko Sentral ng Pilipinas (BSP) will likely start raising its benchmark rate within the first quarter of 2022 and to increase it three times, bringing the current two percent policy rate to 2.75 percent by the end of next year. HSBC managing director and chief...
Global bank HSBC is beefing up its lending portfolio for sustainability-anchored projects, including green energy technologies, that could help accelerate the fulfillment of the ‘net zero’ carbon emission goals enshrined under the Paris Agreement. In its “Path to Net Zero: Capturing...
Glaiza de Castro Glaiza de Castro couldn't help but express disappointment over the "stress" that her "hacked" credit card has been given her. The newly-engaged star even called out the said bank on her Twitter account. "Una, na hack ang IG, tapos Facebook, tapos credit card. Hay....
The central bank is expected to reduce banks’ reserve requirement (RR) ratio by 200 basis points (bps) this year but it will not likely lead to a pick up in lending activities, not when the COVID-19 virus and its emerging variants are still here, according to HSBC economists. HSBC managing...
British bank HSBC (Hongkong and Shanghai Banking Corp.) is marking 145 years of doing business in the Philippines and it intends to stay here for a much longer time as it helps the country cope with a global pandemic and promote sustainable recovery in a post-COVID-19 world. “HSBC was...
The Bangko Sentral ng Pilipinas (BSP) is expected to keep the benchmark rate unchanged when it meets on November 19, the second to its last two Monetary Board policy meetings for the year. ING Bank, HSBC and Union Bank of the Philippines’ analysts all said that the Monetary Board will not...
NEW YORK (AFP) - Shares in major banks including HSBC, Deutsche Bank and JPMorgan Chase were hammered Monday following allegations they had handled huge sums of dirty money for almost 20 years. An investigation by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ)...
SHANGHAI (AFP) -- Next month's World Golf Championships-HSBC Champions in Shanghai, won last year by Rory McIlroy, has been cancelled because of the coronavirus pandemic, organisers said Wednesday. Asia's flagship event, which in 2019 had the largest prize fund of any tournament outside the US or...
