Asialink Finance Corp. (AFC) has obtained a ₱500 million sustainability-linked social facility from Cathay United Bank. The funding will let AFC expand loans to rural micro, small, and medium enterprises (MSMEs), unbanked individuals, and women-owned businesses — key drivers of local employment and economic resilience.
The Bangko Sentral ng Pilipinas (BSP) and Insurance Commission (IC) said that combining parametric insurance with loans can expand financing to climate-vulnerable sectors like agriculture, fisheries, and micro, small, and medium enterprises (MSMEs), while strengthening the financial system’s ability to manage risks.
The Philippines is producing fewer babies, hosting fewer weddings, and recording fewer deaths, a demographic trifecta that economists say could gradually reshape consumer spending, labor markets, and long-term economic growth.
A Chinese automotive engineering company is exploring a partnership to help develop a Philippine electric vehicle (EV) brand, signaling fresh momentum behind Manila’s drive to localize the country’s fast-growing EV industry.