The Philippine government has successfully locked in almost all of its existing loans with the World Bank, leading to savings of millions of dollars in taxpayer money, the Department of Finance (DOF) has announced. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has...
The Marcos administration has secured the initial funding required to construct the Bataan-Cavite Interlink Bridge (BCIB), which, upon completion, will rank as one of the longest marine bridges globally. After the signing of a $2.11 billion loan from the Asian Development Bank (ADB), Finance...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), sees a larger market potential for its “SIKAPPINOY Asenso” (Asenso) all-in-one remittance, savings, and investments platform for Filipinos in Japan. This comes after an increase in overall remittances from overseas...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
The Department of Energy (DOE) will submit to the Asian Development Bank (ADB) within this month the 10th candidate-port that must be covered in the pre-feasibility study aimed at repurposing these support facilities to service the needs of the flourishing billion-dollar offshore wind industry in...
The local stock market rose on thin volume as it benefited from the hike in US stock prices ahead of the release of the US inflation numbers for November. The main index added 64.10 points or 1.03 percent to close at 6,292.39 as Banks led all sectors in the advance. Volume declined to 314...
Ayala Corporation, the holding company of the Zobel family, has signed with MUFG Bank Ltd. (MUFG) and Sun Life Philippines sustainability-linked credit facilities with an aggregate amount of P5 billion. In a statement, the country’s oldest conglomerate said this is to reaffirm its commitment to...
DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
The Philippine Embassy in Amman confirmed that three Filipinos failed to flee war-torn Gaza Strip amid renewed Israeli attacks there, while two Filipinos were able to cross the West Bank border to Jordan. Smoke billows from the Gaza's Rafah border crossing Egypt during an Israeli airstrike...
Union Bank of the Philippines, a member of the Aboitiz Group, has successfully raised P18.17 billion of peso-denominated fixed rate bonds via an oversubscribed dual tranche offering. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this is its largest bond issuance from...
The local stock market will be waiting for November’s inflation figure this week, hoping that a lower number will spur a rise in share prices. “This week, investors are expected to take cues from our upcoming economic data, primarily from our November inflation print which would give clues on...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The proposed Magna Carta of Filipino Migrant Workers received overwhelming support from private and public stakeholders during a recent House Committee on Overseas Workers Affairs hearing. ...
