The Asian Development Bank (ADB) on Wednesday announced the approval of a $500-million policy-based loan aimed at supporting the Philippines in pursuing its public financial management (PFM) reforms.
CIMB Cancels Digital Banking Pursuit in the Philippines
CIMB Bank Philippines will not seek a digital banking license from the Bangko Sentral ng Pilipinas (BSP), opting instead to enhance its digital banking …
PH, Laos hold 1st round of negotiation for double taxation deal
The Philippines, through the Department of Finance (DOF), and the Lao People’s Democratic Republic (PDR), conducted the first round of negotiations for its Double Taxation Agreement (DTA). In a …
World Bank trims 2024 Philippines GDP target to 5.9%
The World Bank has downscaled its economic growth forecast for the Philippines this year following the slower-than-expected gross domestic product growth in the third quarter, but expects the economy …
Philippines ranks second most attractive for renewable energy investment
It expects more RE investments after allowing full foreign ownership. The Philippines’ Department of Energy (DOE) welcomed the 2024 Climatescope Report by BloombergNEF that ranked the country as the second most attractive emerging market for renewable energy investments.
Philippines to Continue Resupply Missions in S.China Sea, Won’t Escalate Situation
The Philippines will not deploy its own navy warships in the area to prevent provocation and escalation, Marcos said. The Philippines filed a diplomatic protest against China, which claims almost all of the South China Sea.
Club fencers help Philippines hit gold mine in Malaysia
Team Philippines, made up of different clubs, brought home 19 gold medals with six silvers and 25 bronzes from the 3rd Malaysia Fencing Federation (MFF) Minime International held recently in Kuala Lumpur,
Philippines volcanic eruption: Kanlaon volcano ‘may progress to further explosive eruptions’
The Kanlaon volcano in the Philippines erupted today (Dec. 9) at 3:03 p.m. local time, spouting an eruption column of up to 1.86 miles (3 kilometers) into the sky and triggering the evacuation of …
Central Philippines Kanlaon volcano erupts, says seismology agency
A volcano in the central Philippines erupted for a second time this year, prompting emergency evacuations after it spewed a huge of column of ash into the sky, authorities said on Monday.
Tens of thousands of people evacuated as Philippines volcano erupts
The Philippines’ Kanlaon volcano erupted for nearly four minutes, shooting ash 2.5 miles into the sky and prompting the emergency evacuation of some 87,000 people.