ADB greenlights USD400M push to reform insurance sector
The Asian Development Bank (ADB) has approved a USD400 million policy-based loan to overhaul the Philippines’ insurance sector, with the goal of improving efficiency, encouraging broader participation, and fueling stronger economic growth.
SM adds shopping spark to La Union’s surf town
SM Prime Holdings Inc. is adding to La Union’s surf and sunset charm with the opening of SM City La Union on Friday, October 17—a new lifestyle and shopping destination in the heart of one of Northern Luzon’s top tourism draws.
Government commits to ‘No Sugar Imports’ until 2026
Agriculture Secretary Francisco Tiu-Laurel Jr., Sugar Regulatory Administration (SRA) Administrator Paul Azcona, and SRA Board Member and farmers’ representative Dave Sanson met recently to address concerns over the low price of raw sugar seen during the first sugar bidding in Negros on 9 October.
Megawide wins multi-billion-peso contracts from Megaworld
Megawide Construction Corp. has secured two new multi-billion-peso contracts from property giant Megaworld Corp. to build residential towers in two of its township developments in Metro Manila, cementing their long-standing partnership.
Fed chairman suggests further US rate cut
Federal Reserve Chair Jerome Powell on Monday signaled the likelihood of further monetary policy easing, saying recent data suggest little change in inflation and employment conditions since the central bank’s last rate cut in September.
