financing | ABS-CBN News

Poor states' summit promised just $1.4 billion: UN

Agence France-Presse
Posted at Mar 10 10:38 AM

Just $1.4 billion in new loans and grants were promised at a UN summit devoted to the world's poorest nations where UN leader Antonio Guterres had appealed for massive aid, officials said. Read more »

Poor countries call for debt revolution at UN summit

Didier Laurias, Agence France-Presse
Updated as of Mar 07 08:48 AM

Worn down by growing debt and a barrage of crises, leaders of the world's poorest countries have stepped up calls for the rules governing handouts of billions of dollars to be rewritten. Read more »

UN proposes cutting debt of most vulnerable nations

Agence France-Presse
Posted at Feb 23 08:23 AM

The UN Development Program proposed reducing the debt of 52 low and middle-income countries, days before G20 finance ministers meet in India. Read more »

BPI Asset Management rebrands as BPI Wealth

ABS-CBN News
Posted at Feb 16 10:10 AM

BPI Wealth Asset Management has rebranded to BPI Wealth. Read more »

David Malpass: World Bank chief pressed by climate questions

Agence France-Presse
Posted at Feb 16 08:40 AM

In his 4 years as World Bank President, David Malpass oversaw its response to crises ranging from the Covid-19 pandemic to Russia's invasion of Ukraine, and food and energy shortages. Read more »

World Bank chief David Malpass to step down

Agence France-Presse
Posted at Feb 16 08:26 AM

World Bank chief David Malpass announced he would step down by the end of June from his position heading the development lender. Read more »

Remove BSP, state banks from Maharlika: advocacy group

ABS-CBN News
Updated as of Feb 16 08:34 AM

An economics advocacy group said including the BSP, and two major state-run banks as funding sources in the proposed Maharlika fund will create a lot of problems. Read more »

Fiscal constraints limit Philippines' climate mitigation efforts

Rowegie Abanto, ABS-CBN News
Posted at Feb 03 02:11 AM

The DENR said it is facing fiscal constraints that limit its ability to address the impacts of the climate crisis in the country. Read more »

ADB backs supply chain financing for small, medium enterprises

ABS-CBN News
Posted at Feb 02 10:56 AM

The Asian Development Bank said supporting supply chain financing for SMEs could boost job creation and development for the entire industry. Read more »

ADB approves $500-M loan to support PH agri sector

ABS-CBN News
Posted at Jan 27 09:01 AM

The Asian Development Bank has approved a $500 million policy-based loan to help the Philippines expand opportunities in agriculture. Read more »

ACEN, BIM Group’s Vietnam wind farm gets $107 million financing

ABS-CBN News
Posted at Jan 18 10:19 AM

ACEN Corp and the BIM Group's Vietnam wind farm received financing worth $107 million, the Ayala-led energy platform said on Wednesday. Read more »

World Bank launches $2 billion Ukraine private sector aid package

Agence France-Presse
Posted at Dec 16 08:27 AM

he World Bank announced a $2 billion package to support Ukraine's private sector, in a bid to help pave the way for reconstruction amid the devastation resulting from Russia's invasion. Read more »

More financing needed for IMF climate change fund: director

Agence France-Presse
Posted at Dec 14 08:13 AM

A new fund helping low-income countries tackle the impacts of climate change already has around $40 billion worth of commitments, but this is "nothing in comparison with the needs," IMF chief Kristalina Georgieva said. Read more »

S&P affirms PH investment-grade rating, stable outlook

ABS-CBN News
Updated as of Nov 21 10:46 AM

S&P Global Ratings said it has affirmed the Philippines' investment-grade long-term BBB+ rating and short-term sovereign A-2 credit rating as the economy recovers. Read more »

Cities urged to avail of international climate fund

ABS-CBN News
Posted at Nov 04 11:49 AM

The 3 climate-financing instruments gives a city access to grants, loans, and funding opportunities to boost climate action. Read more »

World Bank: Slash emissions with modest investments

Agence France-Presse
Updated as of Nov 04 06:28 AM

The bank's assessment covers more than 20 countries that account for over a third of the world's greenhouse gas emissions. Read more »

Nigeria says China holds off pledged financing for railway projects

Jevans Nyabiage, South China Morning Post
Posted at Oct 13 02:57 PM

Nigeria’s transport minister said the delay of more than a year has stymied the construction of the Abuja-Kano and Port-Harcourt-Maiduguri railways. Read more »

Senators grill DOTr officials over pursuing Chinese loans

Vivienne Gulla, ABS-CBN News
Updated as of Sep 30 08:43 PM

Senators grilled the Department of Transportation over its decision to continue pursuing Chinese financing for three railway projects, saying Japan offers better loan terms. Read more »

Ilocana CPA appointed as Pag-IBIG fund acting CEO

ABS-CBN News
Posted at Sep 19 05:39 PM

Malacañang has appointed Marilene Acosta as acting CEO of Pag-IBIG Fund, the state-led home financing agency said on Monday. Read more »

PH to boost sustainable finance amid climate change: DOF

Jessica Fenol, ABS-CBN News
Posted at Sep 08 03:39 PM

The Philippines plans to boost its fight against climate change by pushing for sustainable financing, investments in climate resiliency and subsidies in the sector. Read more »