The Philippine government is committed to integrating competition policy into its broader development framework, according to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan. During a webinar hosted by the Asian Development Bank (ADB), Balisacan emphasized that ensuring competition policy becomes an integral part of the country’s development strategy would prevent it from operating in isolation. The Philippine Competition …

For two consecutive years, the Governance Commission for Government-Owned and Controlled Corporations (GCG) has recognized the Philippine Charity Sweepstakes Office (PCSO) for its significant achievements and outstanding performance. This year, GCG has even cited the PCSO for two distinct recognitions. First, PCSO was acknowledged by GCG as one of the top-ranking GOCCs in the 2023 Performance Scorecard, and second, for …

The Philippine local currency bond market saw significant growth in the third quarter of 2024, driven by strong performance across all bond segments, according to the latest report from the Asian Development Bank (ADB). In its Asia Bond Monitor report released Wednesday, the ADB noted that total bonds outstanding rose to P13 trillion, reflecting a 3.8 percent quarter-on-quarter increase. This …

The Asian Development Bank (ADB) has approved a USD500-million policy-based loan to enhance the Philippines’ efforts in addressing climate change. In a statement released recently, the ADB announced that the Climate Change Action Program (CCAP) Subprogram 2 will support the country in meeting its Nationally Determined Contribution (NDC) goals. The NDC includes the Philippines’ commitment to reducing greenhouse gas emissions …

Finance Secretary Ralph Recto has officially entered into a USD500-million financing agreement with the World Bank-International Bank for Reconstruction and Development (WB-IBRD) to support the reconstruction of over 3,000 schools across the Philippines that were impacted by typhoons. In an announcement made Wednesday last week, the Department of Finance (DOF) confirmed that the deal was signed by Recto and Zafer …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (right) leads the ceremonial switch-on of BSP Christmas lights at its head office in Manila on 28 November 2024. Festive lights also adorn Christmas trees and buildings at the BSP Security Plant Complex in Quezon City and various Regional Offices and Branches, while BSP’s EDPC Building façade along Roxas Boulevard …

By. Joni Gesmundo The Market Monitor was born a decade ago in a small office along T.M. Kalaw Street in Ermita, Manila, with a handful of seasoned writers who possessed a passion for relevant and timely stories on the financial sector without the incomprehensible jargon only business leaders can understand. Back then, the challenge was competing with other daily business …

The operations and maintenance (O&M) of key regional airports, MRT-3 as well as EDSA Busway and Davao Public Transport Modernization Program (DPTMP) will consequently be handed over to the private sector to ensure operational efficiency, according to Transport Secretary Jaime J. Bautista. On the sidelines of BizNews Asia’s 23rd Anniversary, Sec. Bautista said the O&M transfer of the Iloilo Airport …

The Department of Transportation (DOTr) seeks to strengthen bilateral ties with Israel through collaboration in public transportation. During the Israel Chamber of Commerce of the Philippines’ 30th general membership meeting, Sec. Bautista underscored the longstanding friendship between the two countries, saying that the Philippines and Israel signed an agreement in August 1951, allowing commercial airlines to fly between Manila and …

Members of the active transport community participated during the celebration of the National Bicycle Day at Arcovia in Pasig City, highlighting cycling as a simple and unique mode of transport, which promotes health, mobility, environmental protection, and economic growth. With the theme “Ride Together, Thrive Together,” the 2024 National Bicycle Day underscores the importance of cycling as a unique and …