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GSIS taps Maya for payments
State-run pension fund Government Service Insurance System is expanding its payment channels through a partnership with digital bank Maya Bank Inc......»»
PSE approves listing of GSIS-owned Alternergy preferred shares
Alternergy disclosed that the PSE has approved its application to list the 100 million preferred shares that it sold to the Government Service Insurance System at a price of P14.50/share......»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
CA approves ad interim appointment of Recto
The Commission on Appointments approved yesterday the ad interim appointment of Finance Secretary Ralph Recto, who vowed to plug tax leaks, improve tax administration and prevent wasteful expenditures......»»
CHED approves 20th public medical school
The Commission on Higher Education has approved the establishment of the first state medical school open to all kinds of enrollees in the Eastern Visayas region. .....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Union Bank board approves P10-B stock rights offering
The board of directors of Union Bank approved a plan to conduct a stock rights offering to raise up to P10 billion to “fund the capital infusion to UnionDigital” and for “projected retail loan availments”......»»
DBP cited for good governance
The Development Bank of the Philippines (DBP) has received recognition for its exemplary corporate governance practices. The government's chief corporate regulator, the Governance Commission for GOCCs (GCG), has honored DBP with the Corporate Governance Scorecard (CGS) Hall of Fame award for consistently ranking in the top ten of the CGS ratings since 2017. DBP President and CEO, Michael O. de Jesus, highlighted the significance of this accolade, emphasizing the bank's unwavering commitment to best practices in corporate governance. Established under the GOCC Governance Act of 2011, the GCG utilizes the CGS to evaluate and assess the corporate governance initiatives of government-owned and controlled corporations. Moreover, DBP was also recognized as a Top 4 performer in the Corporate Governance Scorecard for 2022, attaining a high score of 100. De Jesus reaffirmed the bank's dedication to fortifying its corporate governance mechanisms, aligning with its core values and the national agenda for good governance. He emphasized DBP's resolve to uphold the highest standards in corporate governance, underscoring its support for the government's efforts to foster sustainable and inclusive economic growth......»»
BPI, Robinsons Bank merger clears last hurdle
The proposed merger between Ayala-led Bank of the Philippine Islands and Gokongwei-owned Robinsons Bank Corp. cleared its last hurdle after the Securities and Exchange Commission approved the marriage of the two banks......»»
ADB approves USD 166 mln package for urban infra in Nepal
Manila [Philippines], December 14 (ANI): The Asian Development Bank (ADB) has approved a USD 166 million financing package to boost the local economy in Nepal by building climate- and disaster-resilient cities. The ADB programme aims to contribute to the economic growth in Devdaha, Lumbini Sanskritik, Sainamaina, Siddharthanagar, and Tilottama municipalities, as well as Janakpur sub-metropolitan city and Pokhara metropoli.....»»
ADB approves $2.1 billion financing for Bataan-Cavite bridge project
The Asian Development Bank has approved $2.1 billion worth of financing for the construction of the Bataan-Cavite Interlink Bridge project......»»
ADB approves 2.1 bln USD loan to build bridge in Philippines
MANILA, Dec. 12 (Xinhua) -- The Asian Development Bank (ADB) on Tuesday said it has approved up to 2.1 billion U.S. dollars in loan for the construction of a 32.15 km bridge connecting Bataan and Cavite provinces across Manila Bay to decongest Metro Manila, enabling greater mobility of labor and goods, and enhance economic productivity in the country's largest region of Luzon. The ADB said the Bataan-Cavite Inte.....»»
SEC approves Angeles Electric’s share sale
The Securities and Exchange Commission has given its green light to the direct public offering of Angeles Electric Corp......»»
ADB approves 200-mln-USD loan to boost Philippine infrastructure projects
MANILA, Dec. 8 (Xinhua) -- The Asian Development Bank (ADB) Friday said it has approved a loan of 200 million U.S. dollars to support the Philippines in delivering "high-quality, inclusive, climate-resilient, and low-carbon public infrastructure." The loan will support the preparation of "complex and critical climate-resilient" road, bridge, transport, and flood risk management projects identified by the governm.....»»
Asian Development Bank approves USD 500 million to transform medical landscape in Maharashtra
Manila [Philippines], November 23 (ANI): In a significant move aimed at advancing healthcare infrastructure and medical education, the Asian Development Bank (ADB) has granted approval for a substantial loan package of USD 500 million. According to ADB, this financial assistance is dedicated to enhancing access to quality and affordable tertiary health care in Maharashtra. ADB Health Specialist, Nishant Jain emphasized th.....»»
ADB approves 400 mln USD loan to boost Philippines revenue mobilization
MANILA, Nov. 14 (Xinhua) -- The Asian Development Bank (ADB) on Tuesday said it has approved a loan of 400 million U.S. dollars to help the Philippines achieve its medium-term fiscal strategy and finance its post-pandemic economic recovery through a stronger focus on revenue mobilization. The ADB said the program is its first policy-based loan dedicated to domestic resource mobilization (DRM) reform. It w.....»»
ADB approves $400 million loan for Philippines tax modernization
The Asian Development Bank has approved a $400 million loan to support the Philippines’ revenue mobilization efforts including modernizing tax administration, systems and processes......»»
ADB approves USD 175 million loan to upgrade roads in Madhya Pradesh
Manila [Philippines], October 24 (ANI): The Asian Development Bank (ADB) has granted approval for a USD 175 million loan to enhance road connectivity and climate resilience in Madhya Pradesh, India. ADB has played a pivotal role in supporting the development of road networks in Madhya Pradesh since 2002. This endeavour has led to the enhancement of over 9,000 kilometres of state highways and major district roads, as highl.....»»
SEC approves CDC’s P1.1 billion short-term commercial papers
Listed property developer Cityland Development Corp. has received the approval of the Securities and Exchange Commission to offer its P1.1 billion worth of short-term commercial papers......»»