The World Bank has approved an $800 million loan to support the Philippines in accelerating its clean energy transition, enhancing electricity market competition, and improving water management systems. In a statement released last week, the World Bank said the newly approved First Energy Transition and Climate Resilience Development Policy Loan aims to help the country shift toward renewable energy and …
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Bank lending sustained double-digit growth in February while domestic liquidity also expanded, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) last week. Outstanding loans issued by universal and commercial banks (U/KBs) climbed by 12.2% year-on-year in February, slightly easing from the 12.8% growth recorded in January. The total loan portfolio reached P13.02 trillion, a marginal increase …
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BDO Unibank Inc. (BDO) and the Philippine Economic Zone Authority (PEZA) have formalized a strategic partnership through a Memorandum of Understanding (MoU), reaffirming their shared commitment to drive foreign direct investments and promote economic growth in the Philippines. This collaboration aims to widen the investment horizon for global enterprises eyeing expansion or entry into the local market. PEZA, as the …
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PASSERBY By Nestor Cuartero Bringing together technology and art, Globe AT HOME introduces limited-edition router skins for its new 5G WiFi device featuring works of National Artists, turning everyday connectivity into a canvas for creative expression. Unveiled at the “Art of Connection” launch at a:museum, the country’s largest digital museum, the latest iteration of Globe’s industry-leading 5G WiFi transforms the humble router …
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The Filipino Food Month (FFM) or Buwan ng Kalutong Filipino 2025 is set to launch this April, bringing a nationwide celebration of Filipino culinary traditions, flavors, and heritage. With this year’s theme, “Sarap ng Pagkaing Pilipino, Yaman ng Ating Kasaysayan, Kultura, at Pagkatao,” the FFM highlights the significance of local agricultural produce as essential ingredients in Filipino cuisine. Established under …
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Books published by the UST Publishing House (USTPH) were featured on the exhibit and in the official catalogs of the National Book Development Board (NBDB) for the Frankfurter Buchmesse (FBM), the largest book trading and rights selling fair in the world, which ran from October 16 to 20, 2024 in Frankfurt, Germany. As part of the official Philippine delegation to …
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President Ferdinand R. Marcos Jr. reaffirmed the government’s commitment to support Filipino job seekers and small-scale entrepreneurs during his visit to the Trabaho at Serbisyong Pangkalusugan sa Bagong Pilipinas job fair held at the Antipolo Sports Hub in Rizal on Friday. Highlighting the administration’s focus on grassroots empowerment, President Marcos emphasized the importance of assisting even the smallest business ventures. …
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Visayas Container Terminal (VCT), operated by International Container Terminal Services, Inc. (ICTSI), welcomed SITC Container Lines’ restructured China-Philippines Express 7 (CPX7) service, which introduces regular weekly calls to Iloilo starting March, 2025. The revamped service enhances Iloilo’s trade connectivity with key Asian markets, offering improved reliability, service frequency and cargo handling efficiency. The CPX7 service was deployed with the SITC …
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The Government Service Insurance System (GSIS) and the Japan International Cooperation Agency (JICA) convened their first Joint Coordinating Committee (JCC) meeting to advance their technical cooperation project aimed at strengthening the financial resilience of public assets against natural disasters. The meeting marks a milestone in the three-year project titled “Strengthening Financial Resilience of Public Assets to Natural Disasters by Improvement …
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Everyday, hundreds of patients across the Philippines rely on blood transfusions to survive life-threatening, adverse health events and serious illnesses like cancer and anemia. Yet, the supply of safe and voluntary blood donations often falls short of demand. A dedicated social worker is on a mission to organize donation drives while regularly donating blood himself. He aims to inspire others …
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The Market Monitor Minding the Nation's Business