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    New IFC regional chief calls for greater private investments in Asia-Pacific

    The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific. 
    00:00:57

    Gov’t earmarks P151B for social protection programs

    The government has allotted more than P151 billion to sustain the major social protection service programs of the Department of Social Welfare and Development (DSWD).

    Bank lending expansion slows to 13.4% in December as high rates bite

    The growth in loans disbursed by big banks slowed to 13.4 percent in December from the revised 13.9 percent in November amid the series...
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    BSP forecasts inflation settling within 7.5-8.3% in January

    The Bangko Sentral ng Pilipinas (BSP) sees inflation remaining elevated between 7.5 and 8.3 percent this month, well above the two to four percent target, after hitting a 14-year high of 8.1 percent in December.

    Electronic fund transfers stood a shade under P10 trillion in 2022

    Electronic fund transfers via the PESONet and InstaPay nearly touched P10 trillion last year, jumping by 37.3 percent to hit P9.94 trillion from P7.24 trillion in 2021.

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    Gov’t agrees to extend import moratorium on molasses

    The Department of Agriculture (DA) and the Sugar Regulatory Administration (SRA) have agreed to extend Molasses Order No. 1, which places a moratorium on molasses importation until the end of March next year.

    Spanish conglomerate wins 20-year power contract

    ACCIONA Energía has secured a 20-year power supply contract for two renewable energy projects totaling 281 MW in the Philippines. The award was granted through Round 4 of the Department of Energy’s Green Energy Auction Program (GEAP).

    Google chips beckon as Meta weighs shift

    Shares of Alphabet jumped Tuesday after The Information reported that Meta Platforms is weighing a move to adopt Google-designed chips—a potential shake-up in the fast-moving artificial intelligence hardware race.

    Big withdrawals still easy under new BSP rules

    The Bangko Sentral ng Pilipinas (BSP) reaffirmed that customers can access funds above ₱500,000 (or foreign currency equivalent) without unnecessary delays, following the implementation of BSP Circular No. 1218, s. 2025.

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