State-owned Development Bank of the Philippines (DBP) was awarded the prestigious Karlsruhe Sustainable Finance Award for its success in water and forest financing projects at the 2015 Global Sustainable Finance Conference held in Karlsruhe, Germany, on June 11 and 12.

Washington—The United States claimed progress on Wednesday with China on currency issues and toward negotiating a code of conduct for cyberspace after two days of high-level talks that underscored sharp differences, but paved the way for a visit by China’s leader in the fall.

Brussels — Crucial talks between Greece and its international creditors ended without result early Thursday, casting fresh doubt over the country’s future in the euro single currency and piling new pressure on negotiators to reach a deal later in the day.

Canberra, Australia—Australia announced on Wednesday it will become a founding member of a Chinese-led Asian regional bank and its sixth-largest shareholder. Joining the Asian Infrastructure Investment Bank (AIIB) presented Australia with great opportunities to work with its neighbors and largest export market, China, to drive economic growth and jobs, Foreign Minister Julie Bishop and Treasurer Joe Hockey said in a …

By Jerry Maglunog Many stock markets in the world are booming. This is a sign that many companies are offering publicly their shares. Wherever you look at Nasdaq, London Stock Exchange and Paris Bourse, the trend is an upswing.

The world’s leading information technology (IT) vendors recently gathered in Manila to present solutions to Philippine companies wanting to adopt the latest trends in big data and analytics.

Vista Land’s subsidiary VLL International Inc. successfully priced last June 11 a $300 million offering of senior unsecured notes due 2022 with a nominal rate of 7.375 percent, the first 7-year tenor Notes issued by the Company under its $1-billion debut medium term note programme.

Property giant Megaworld, the country’s leading developer of integrated urban townships, is optimistic that its rental income will grow to P9 billion this year as it continues to aggressively expand its leasing portfolio driven by office, commercial centers and hotels. Megaworld’s rental income reached P2.7 billion in 2010. In 2011, this soared to P3.8 billion, a remarkable 41-percent year-on-year growth. …

By Jerry Maglunog United Coconut Planters Bank (UCPB) may be one of the top unibanks in the country, but the government is having a hard time selling it because of its political baggage. When the Philippine Deposit Insurance Corp.(PDIC) announced last year that the government is selling its 72.2-percent stake in the bank, four unibanks immediately sent their intention to buy the …

A further rise in government spending for April 2015 is seen to perk up the economy for the rest of the year, an economist at investment bank ING said. ING Bank Manila senior economist Joey Cuyegkeng said they “believe that the trend of accelerated spending would continue.”