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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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San Miguel targets P30-billion preferred share sale

San Miguel Corp. seeks to raise up to P30 billion through a new preferred share offering as the conglomerate moves to refinance debt and support its ambitious infrastructure expansion program.

US State Secretary backs Luzon Corridor in Marcos call

US Secretary of State Marco Rubio reaffirmed Washington’s support for the Luzon Economic Corridor during a telephone conversation with Ferdinand R. Marcos Jr. on May 31, underscoring the growing economic and strategic partnership between Manila and Washington.

Factory rebound gains steam as demand recovers

Philippine manufacturing returned to growth in May, snapping a brief downturn as stronger domestic demand fueled production and new orders, according to the latest S&P Global Philippines Manufacturing PMI survey.

Bohol airport tests emergency readiness amid travel boom

Bohol-Panglao International Airport has completed a large-scale emergency simulation exercise as passenger traffic continues to rise, underscoring the growing importance of safety and operational resilience at one of the country’s busiest tourism gateways.

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