The World Bank has appointed a new country director for the Philippines, Malaysia, and Brunei Darussalam, effective July 1. Zafer Mustafaoglu, a Turkish national, will oversee the World Bank's program in these countries to advance its policy dialogues with government officials, civil society,...
As the Philippines enjoys among the lowest remittance fees, this year's growth of money sent back home by Filipinos working and living overseas will rebound to outpace last year's slowdown, according to the World Bank. In its Migration and Development Brief 40 titled "Remittances Slowed in 2023,...
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
Companies, particularly banks, are urged to tap the capital market by issuing bonds as these are a stable source of funds that can be issued quickly to a large investor base and at a lower cost. The advantages of issuing bonds to raise fresh funds was raised during the seminar entitled...
From left to right: AFP Chief of Staff Gen. Romeo Brawner Jr.; PVB Chairman Roberto De Ocampo, OBE; House Speaker Martin Romualdez; PVB President & CEO Renato Claravall; and Deputy Treasurer Eduardo Anthony Mariño III (PVB Facebook) House...
Asia United Bank (AUB) is beefing up its information technology (IT) infrastructure, including the use of artificial intelligence (AI), as it aims to be the local banking industry’s “digital partner of choice.” During the bank’s annual stockholders’ meeting, AUB President Manuel A....
The Philippines is facing a challenge in enabling its children to reach their full potential productivity by the age of 18, which places the country's human capital development behind that of its regional counterparts. According to the World Bank's "The Philippines Human Capital Review," the...
The Bangko Sentral ng Pilipinas (BSP) will likely keep the policy rate at 6.5 percent next week while the central bank navigates around a weak peso and a hawkish US Federal Reserve, global banks said. "Another central bank that may be under pressure to review its rate stance next week is the...
The Asian Development Bank (ADB) and the Government of Canada have announced a partnership to establish a new $255 million trust fund. The fund, known as the Canadian Climate and Nature Fund for Private Sector in Asia (CANPA), aims to support private-sector projects in Asia and the Pacific that...
Union Bank of the Philippines (UnionBank) reported that it was recognized as Best Investor Relations Company during the annual Corporate Governance Asia’s 14th Asian Excellence Awards. The awards ceremony, held last May 31st at the JW Mariott Hotel in Hong Kong, was attended by 245 senior...
The creation of digital Philippine Public Financial Management (PFM) reforms will enable more efficiency and effective government services for Filipinos, Department of Finance Secretary Ralph G. Recto said. The remark was made after a meeting on Monday with PFM Committee Principals Recto and...
To address challenges in quality learning in the country, the Second Congressional Commission on Education (EDCOM 2) underscored the need for a coordinated approach to all interventions in teacher education. JOJO RINOZA / FILE PHOTO / MANILA BULLETIN In a statement issued on Thursday, June 6, EDCOM...
