Aside from lead cornerstone investors International Finance Corp. and Asian Development Bank (ADB), Maynilad Water Services, Inc. has signed cornerstone investment agreements with 10 more international and domestic institutions led by the UK’s Foreign, Commonwealth and Development Office, acting...
A Singapore-headquartered fund manager is seeking a $25-million equity investment from the World Bank Group’s (WBG) International Finance Corp. (IFC) for its new infrastructure fund to be deployed in Southeast Asia, including the Philippines. In an Oct. 2 disclosure, IFC, the WBG’s...
The Philippines’ plan to build a national agricultural food hub in Clark, Pampanga, is expected to attract American companies interested in investing in food security, infrastructure, and technology, according to the International Trade Administration (ITA). In a market intelligence report, the...
Former Senator Antonio "Sonny" Trillanes IV says he 's willing to face a Senate inquiry into claims that he was designated by the government to conduct a welfare check on former president Rodrigo Duterte at the International Criminal Court (ICC) in the Netherlands. “Game ako diyan. Pero...
A trip to the airport might come off as a stressful bout for many, but one visit to Clark might be enough to dispel that feeling. Normally, there’s a notion that one has to be at the airport at least four hours before their flight if they want to be safe. It comes from nightmare stories of having...
Voting 15-3-2, the Senate adopted Proposed Senate Resolution No. 144, expressing the sense of the Senate requesting the International Criminal Court (ICC) to hold former President Rodrigo Duterte under house arrest for humanitarian considerations. Among those who voted in favor of the resolution...
Future entrepreneurs from across Asia Pacific gathered in Singapore for this year’s FedEx/Junior Achievement (JA) International Trade Challenge Asia Pacific finals, where students were challenged to design market entry strategies for eco-friendly products made from discarded textiles. France was...
Citing weaker-than-expected economic growth in the first semester of 2025, the International Monetary Fund (IMF) has lowered its 2025 and 2026 gross domestic product (GDP) forecasts, with next year’s outlook seen to fall short of the downscaled growth goal. IMF Mission Chief Elif Arbatli...
The first phase of the Bataan-Cavite Interlink Bridge (BCIB), which is worth P7.25-billion and poised to be the country’s longest water-spanning bridge, has drawn bids from eight top local and international construction firms, the Department of Public Works and Highways (DPWH) said Tuesday,...
For many Filipinos, education is not just a personal pursuit but a lifelong promise to family and community. This holds true for Kris Marianne Collado-Galapia, a 26-year-old Filipina who recently graduated with Summa Cum Laude honours from York University in Canada. Hailing from the small town of...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
The World Bank has extended a $1.7-million, or over ₱98-million, grant to the Philippines to help prepare for a potential project loan that would support early childhood education in the country. In a Sept. 20 letter to Finance Secretary Ralph G. Recto, the World Bank said this financing was...
