Banco De Oro Universal Bank (BDO Unibank) on Friday bared a new policy against financing the construction of new coal-fired power plants as a matter of course going forward.
Inflation, or the rate of change in prices, is projected to range around the 4 percent mark in the second quarter this year, according to experts such as those from the analytics arm of the credit watcher Moody's Investors Service.
The rate at which prices change across the Philippines pushed past expert projections in February, averaging higher to 3.4 percent for the month from only 2.8 percent in January, the Philippine Statistics Authority (PSA) reported on Friday.
The country's insurance penetration rate, defined as premium written as percent of local output growth or the gross domestic product (GDP), diminished further in 2023 to only 1.68 percent from 1.81 percent in 2023.
The Philippines ranks among the weakest across the Asia-Pacific region in the important metric of transparency, which measures whether governments and their officials are forthright and accountable, according to Moody’s Analytics.
BDO Unibank, Inc. is launching a peso‑denominated Fixed‑Rate Sustainability Bond offering with a minimum issue size of P5 billion, the fourth such issuance of the country’s largest lender by assets controlled by the Sy Group.
The recent appointment of lawyer Francis Lim as chairman of the Securities and Exchange Commission (SEC) continues to reverberate across publicly listed companies, with Converge ICT Solutions, Inc. announcing board and leadership changes in response.
Agriculture Secretary Francisco P. Tiu Laurel Jr. is taking a two-week medical leave that starts today, 9 July, to undergo a procedure he has deferred since beginning his public service career in November 2023.
The Aurora Pacific Economic Zone and Freeport Authority (APECO) will launch an investment mission to Spain and Portugal this November, aiming to attract European investors for key infrastructure projects ahead of the anticipated Philippine-European Union Free Trade Agreement (PH-EU FTA).