Banking & Insurance
BSP expands FX hedging tools to boost capital markets
The Bangko Sentral ng Pilipinas (BSP) has approved sweeping reforms to foreign exchange (FX) regulations aimed at enhancing risk management options for market participants and supporting the development of the country’s capital market.
ADB mobilizes $39.2B in 2024 to boost growth and resilience in Asia-Pacific
The Asian Development Bank (ADB) committed a record USD39.2 billion in 2024 to tackle critical development challenges across Asia and the Pacific, underscoring its growing economic influence and strategic shift toward more impactful, resilient investments.
ADB mobilizes $39.2B to drive development
The Asian Development Bank (ADB) committed USD24.3 billion from its own resources in 2024, alongside USD14.9 billion in co-financing from global partners, to tackle the most pressing development challenges across Asia and the Pacific.
Land Bank extends P1.3-B loan to SAPI for Isabela feed mill project
The Land Bank of the Philippines has approved a P1.3-billion financing package for Sagittarian Agricultural Philippines Inc. (SAPI), backing the construction of a large-scale feed mill complex in Ilagan City, Isabela.
Manulife expands northern Luzon footprint with Nueva Vizcaya branch opening
The Manufacturers Life Insurance Co. (Phils.) Inc. (Manulife Philippines), the local arm of Canadian financial services giant Manulife, has opened its first branch in Nueva Vizcaya, strengthening its presence in Northern Luzon and marking a significant step in its national expansion strategy.
