Manila-based Asian Development Bank (ADB) has approved a $14.8 million (P856.8 million) technical assistance grant to boost climate action, drive innovation, and enhance private sector growth in its regional projects. ADB, in its Dec. 5 statement, said the assistance will support initiatives in...
World Bank economists watching the Philippines are closely monitoring the unfolding political drama involving two successive administrations and how it would impact on the economic reform agenda. So far, "while the political tension in the country has recently increased, no major influence on the...
Compared to its targeted neighbors like China, the Philippines would be relatively unscathed by US President-elect Donald J. Trump's protectionist economic policies, according to the research arm of investment banking giant Deutsche Bank. However, Deutsche Bank Research economist Junjie Huang said...
The Bangko Sentral ng Pilipinas (BSP) highlighted the Philippines’ potential as an investment destination for Islamic finance, citing the country's growing economy and the government’s push for financial inclusion. In a statement on Monday, Dec. 2, BSP Governor Eli M. Remolona, Jr. said that...
The holidays have always been the perfect “excuse” for many things—to munch on your favorites, spend quality time with your family and loved ones, explore destinations and experiences, go on a shopping spree, and more. There’s really something about the season that makes everything, even...
Despite the Philippine government's ambitious commitment to mitigate and adapt to climate change, public expenditures to do so have been lacking, according to the Asian Development Bank (ADB). "Climate finance remains insufficient to combat the increasing impacts of climate change. An estimated...
The Asian Development Bank (ADB) is pushing to equip local government units (LGUs) in the Philippines with the know-how to roll out more public-private partnership (PPP) projects. "The success of PPP projects largely depends on the capability of implementers. The PPP Center alone will not be able...
As the year winds down and we head into the holiday season, it's crucial to stay alert and adopt smart habits to avoid falling prey to digital tricksters. Think of your online presence as an extension of your home. You wouldn't leave your doors unlocked and windows open, inviting unwanted guests to...
President Marcos on Wednesday, Nov. 27, said that the Philippines stands united with the Palestinian people in their aspiration for an enduring peace and prosperity. Marcos' message came as the country joined the international community in commemorating the International Day of Solidarity with...
The Philippines’ local bond market has posted strong growth in the third quarter of the year, driven by the Bangko Sentral ng Pilipinas’ (BSP) increasingly dovish monetary policy stance and a surge in corporate bond issuance. Based on the Asian Development Bank’s (ADB) latest Asia Bond...
The Philippines now has the means to fight lingering Covid-19 risks as well as future pandemics, as World Bank loans extended during the pandemic have been implemented satisfactorily. "The project has continued moving towards its development objectives—to strengthen the Philippines' capacity...
The Philippine government has made inroads towards greater digital transformation, as required by the newest loan it secured from the World Bank. The Washington-based multilateral lender disclosed on Nov. 26 that Finance Secretary Ralph G. Recto, on behalf of the government, signed the loan...
