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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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NGCP to review new ERC rules allowing other entities to build transmission projects

The National Grid Corporation of the Philippines (NGCP) is evaluating regulations issued by the Energy Regulatory Commission (ERC).

Fuel price rollbacks seen this week amid US-Iran peace talks

Significant price reductions for gasoline and diesel are expected to take effect this week, according to a local fuel retailer.

DOT holds line on arrivals, boosts travel deals

The Department of Tourism (DOT) is sticking to its conservative target of 6.4 million international visitor arrivals this year even as it rolls out a new push to energize domestic travel through steeply discounted tourism packages.

Globe calls for technology-neutral policies to build inclusive national connectivity

Globe Telecom Inc. is advocating for policies that do not favor any single technology, in order to encourage innovation while maintaining strict standards for service quality, security, consumer rights, and fair competition.

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