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OLONGAPO CITY GETS FINAL DEMAND ON UNPAID P6.71 BILLION PSALM CHARGE
The Power Sector Assets and Liabilities Management Corp. (PSALM) has sent a final demand letter to the Olongapo City Government to pay...

By The Financial District
Dec 9, 20202 min read


P697 MILLION IN HELP TO TYPHOON VICTIMS BARED
The government will be needing around PHP697.6 million to help some 712,522 families hit hard by the onslaught of recent typhoons.

By The Financial District
Dec 7, 20202 min read


FINNISH STUDY SHOWS RENTING MORE EXPENSIVE THAN OWNING HOUSES
A new study shows that renters in Finland use a greater share of their income on housing than homeowners.

By The Financial District
Dec 5, 20201 min read


PET FOOD SUPPLIER GETS 3.3 MILLION EURODOLLAR LOAN
The European Bank for Reconstruction and Development (EBRD) is providing Kormotech, one of Ukraine’s leading pet food producers, with a...

By The Financial District
Dec 5, 20201 min read


LAND BANK AGRI LOANS REACH P230 BILLION
The Land Bank of the Philippines (LANDBANK) has extended to the agriculture sector as of October this year a total of P230.23 billion in...

By The Financial District
Dec 4, 20202 min read


BIR COLLECTS P547 MILLION FROM PADLOCKED ESTABLISHMENTS
The Bureau of Internal Revenue (BIR) has reported to the Department of Finance (DOF) that it collected a total of P547.9 million in taxes...

By The Financial District
Dec 3, 20202 min read


WOES COMPEL HSBC TO MULL EXIT FROM U.S. RETAIL BANKING
HSBC Holdings Plc is considering a complete exit from retail banking in the United States.

By The Financial District
Nov 29, 20201 min read


COUNTRIES LOSE $427B FROM TAX DODGING, REPORT REVEALS
Countries lose more than $427 billion in revenue each year from tax dodging by companies and wealthy individuals, according to...

By The Financial District
Nov 29, 20201 min read


BOSNIA, HERZEGOVINA SMEs GET FUNDING SUPPORT
Small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina are set to benefit from new financing provided by the European Bank...

By The Financial District
Nov 29, 20202 min read


DIGITAL BANK CLASSIFICATION OKAYED
The Monetary Board, Bangko Sentral ng Pilipinas 'policy-making body, has recognized a digital bank as another bank...

By The Financial District
Nov 29, 20202 min read


DOMINGUEZ HOPEFUL ON 'CREATE' PASSAGE
Finance Secretary Carlos Dominguez III has said he “sees light at the end of the tunnel” concerning the congressional approval before the...

By The Financial District
Nov 28, 20202 min read


ROMANIAN STEELMAKER GETS EBRD LOAN
Romanian steelmaker Donalam is planning to bridge a potential working capital gap with a €5 million loan from the EBRD.

By The Financial District
Nov 28, 20201 min read


EX-WORLD BANK CHIEF JAMES WOLFENSOHN DIES AT 86
James Wolfensohn, a former investment banker who pushed through debt relief for the poorest nations during a decade at the helm of the...

By The Financial District
Nov 27, 20201 min read


EBRD, EU FUND MOLDOVA SMEs
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing new finance to small and...

By The Financial District
Nov 26, 20202 min read


BANK OF ITALY SAYS GOV’T HELP AVERTED 600,000 FIRINGS
Government measures to support employment during the COVID emergency have so far averted the loss of 600,000 jobs, the Bank of Italy said.

By The Financial District
Nov 24, 20201 min read


FED TO EASE RULES ON COMMUNITY BANKS
The federal bank regulatory agencies announced an interim final rule that provides temporary relief for certain community banking...

By The Financial District
Nov 24, 20201 min read


DOMINGUEZ THANKS SOKOR GOVERNMENT FOR SWIFT COVID ASSISTANCE
Finance Secretary Carlos Dominguez III has thanked the government of Korea for its swift assistance to the Philippines in its COVID-19...

By The Financial District
Nov 23, 20203 min read


ATHLETES, COACHES AFFECTED BY FLOODS TO BE HELPED
The Philippine Sports Commission (PSC) is preparing the release of financial assistance to members of the national team badly-hit by...

By The Financial District
Nov 23, 20201 min read


EBRD LAUNCHES GLOBAL BOND ISSUE
The European Bank for Reconstruction and Development (EBRD) successfully launched a USD 1.5 billion Global bond issue, the Issuer’s third...

By The Financial District
Nov 20, 20201 min read


MB CUTS RATES AS RISKS REMAIN
The Monetary Board (MB), the policy making body of the Bangko Sentral ng Pilipinas, has reduced interest rates by 25 basis points as it...

By The Financial District
Nov 20, 20202 min read


FRANK FINANCIAL AID WARNED
The Federal Trade Commission has sent a warning letter to a company that markets financial aid prep assistance to post-secondary...

By The Financial District
Nov 20, 20202 min read


EU, EBRD FUND JORDAN TELCO PROVIDER
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up to US$ 5...

By The Financial District
Nov 20, 20202 min read


PNC TO BUY SPAIN’S BBVA’S U.S. BANKING ARM FOR $11.6B IN CASH
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PNC Financial Services Group Inc. said it would buy the US business of Spanish lender BBVA for $11.6 billion in cash, further...

By The Financial District
Nov 19, 20201 min read


EBRD INVESTS IN GENERIC DRUG FIRM IN EGYPT
The European Bank for Reconstruction and Development (EBRD) is joining forces with reputable partners to improve the availability and...

By The Financial District
Nov 19, 20201 min read
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