Banking & Insurance
First Gen taps local banks for P20B loan
First Gen Corp. has obtained term loans from BDO Unibank Inc. and Bank of the Philippine Islands for an aggregate P20 billion.
With manufacturing loans rising, can China avoid a new supply glut?
China's leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel...
Account ownership promotes workers’ financial inclusion, resilience—BSP
The Bangko Sentral ng Pilipinas (BSP) is calling on employers to help their employees open and maintain transaction accounts to enable more workers to access financial services while also relieving the company of having to shoulder some of their workers’ monetary burden.
LGU borrowing plans nearly triple over six months
Proposed local government borrowings nearly tripled in the first six months this year to P43.1 billion from only P15.8 billion in the second half...
IMF executive board green lights proposal boosting member country quota contributions
The 24-member Executive Board of the International Monetary Fund has approved the proposal significantly increasing so-called the country quota of member countries like the Philippines.
