Business World

BDO Unibank, MUFG Bank of Japan, and other leading Asian banks are advancing energy transition finance with the publication of the Asia Transition Finance Guidelines and the Asia Transition Finance Activity Report. In a statement, BDO said the reports are aimed at helping Asian economies achieve a “just and orderly …

GCash has disbursed more than P40 billion worth of loans after expanding to more lending products like GLoan and GGives, the e-wallet service announced Monday, September 26. Altogether with GCredit, GLoan and GGives, GCash has logged one million active borrowers as of end- June. GLoan provides pre-approved access to up …

Local telecom and cable providers have formed a coalition for the “Oplan Kontra Putol” campaign, in an intensified battle against illegal cable cutting. Perpetrators intentionally cut cables and wires, often selling them for profit. “This illegal act robs our customers of the steady internet and cable TV service they need …

The Philippine Stock Exchange is aiming to get more retail investors to participate in the local stock market by opening up access to market data as well as allowing the use of e-wallets to purchase shares of listed firms. According to PSE President Ramon S. Monzon, this technology initiative — …

The local stock market may bounce a bit this week on continued bargain hunting but continuing concerns about rising interest rates and the weakening peso is seen to put a cap on any gain in share prices. “With five straight weeks of decline, the last one posting 4.42 percent worth …

Aboitiz Equity Ventures Inc. (AEV) is planning to raise up to P12 billion from a proposed bond issue—the fourth and final tranche under its existing shelf registration as well as the initial tranche of its new three-year shelf registration program amounting to P30 billion. Philippine Rating Services Corporation (PhilRatings) said …

The Department of Transportation (DOTr) is eyeing the addition of buses to the EDSA Busway (the EDSA Carousel system) as part of measures to ease traffic congestion in Metro Manila, according to Transportation Secretary Jaime Bautista. It is the objective of the DOTr to require bus operators with units running …

Philippine Airlines (PAL) lauded Japan’s decision to re-open to tourists, effective October 11, after two and a half years of Covid border restrictions. Removing the cap on the number of people entering Japan and resuming visa-free travel for visitors from specific countries, will boost flights and drive tourism traffic, according …

The British pound fell to its lowest level against the U.S. dollar since 1985 before bouncing back on Monday, as investors digest the U.K. government's plans to stimulate the economy by cutting taxes. Pound dipped as low as $1.03 US at one point on Monday morning The British pound fell …

Electric air taxis are getting more attention as cutting emissions becomes a global priority. And the aviation industry says they could be ready for takeoff sooner than you think. Manufacturers ramp up test flights ahead of commercial transport of good and passengers Imagine you're about to order an Uber to …