Tag: China Banking Corp.

The Philippines is drawing renewed investment interest from Chinese companies involved in electric vehicles (EVs), renewable energy, manufacturing and telecommunications infrastructure, according to Trade Secretary Cristina Roque.

The government is seeking to expand the P2-billion financing pool for a program helping public transport operators transition to electric vehicles (EVs), as demand grows among transport groups and delivery riders looking for cleaner and more cost-efficient mobility options.

Prices of gasoline, diesel, and kerosene will increase nationwide this week, the Department of Energy (DOE) confirmed on Monday.

Financial inclusion in the Philippines has made significant strides, with formal account ownership nearly doubling since 2011 based on the World Bank’s Global Findex Database. But the deeper challenge is now emerging as access has expanded faster than sustained usage of financial services.