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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. 
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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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HABI weaves stronger future for Philippine textiles 

Every handwoven Philippine textile tells a story. HABI: The Philippine Textile Council wants to make sure buyers know the difference between an authentic heirloom and an imitation dressed up in tradition.

North America flights lift Philippine tourism growth

Airlines are ramping up flights between North America and the Philippines as robust demand continues to buck a broader slowdown in outbound travel from the US and Canada, reinforcing confidence in one of the country's most valuable tourism markets.

Naomi Johnson sets 400-m record in heat, wins silver in final

Naomi Johnson arrived in Ordos, China, chasing a medal. She left carrying something even heavier, a shiny silver, and a brand-new Philippine record.

China narrative on Batanes sparks fresh alarm

Chinese scholars' assertions over Batanes are fueling fresh concerns that Beijing may be laying the groundwork for future territorial claims, even without making an official declaration. SeaLight director Ray Powell said the narrative coincides with China Coast Guard patrols that have pushed east of Taiwan and into the Philippine Sea since June 1, expanding operations beyond the disputed West Philippine Sea and the first island chain. He warned that Batanes and the Bashi Channel hold strategic value in any Taiwan contingency. Former Surigao del Norte representative Robert “Ace” Barbers described the development as a “creeping invasion” and urged Filipinos not to amplify Beijing’s messaging.

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