A motorcycle pases a building of the Bangko Sentral ng Pilipinas in Manila, April 28, 2016. -- REUTERS/Romeo Ranoco/File Photo Philippine lenders should be on guard against any "reputational risks" that could potentially impact their financial standing and affect stakeholder confidence, the Bangko Sentral ng Pilipinas (BSP) said on Friday. In a statement, the central bank said all BSP-supervised financial ...

A general view of the Citibank headquarters in Kuala Lumpur, Malaysia September 15, 2020. -- REUTERS/Lim Huey Teng Citigroup, Inc. will leave its consumer banking business in 13 Asia-Pacific markets, including the Philippines, but continue to maintain a corporate banking presence. "As a result of the ongoing refresh of our strategy, we have decided that we are going to double ...

The Philippines has committed to a 75% greenhouse gas emission reduction and avoidance by 2030, as part of its commitment to the Paris Agreement on Climate Change. President Rodrigo R. Duterte has approved the Philippines' first Nationally Determined Contribution (NDC) which aims to reduce greenhouse gas (GHG) emissions by 75% by 2030, the Finance department said on Friday. The five-page ...

A health worker prepares a bed inside a temporary medical tent at the Go Belmonte Super Health Center and Lying-in Clinic on April 14, intended for patients who are about to give birth but awaiting either the result or swabbing for a coronavirus test. -- PHILSTAR/MICHAEL VARCAS The Department of Health (DoH) on Friday said the case fatality rate in ...

THE daughter of Philippine leader Rodrigo R. Duterte says there's no chance she'll run for the presidency next year. Her father says the presidency is no job for a woman. But few are convinced by either of them as campaigns grow to back Sara Duterte-Carpio, 42, to succeed the autocratic and capricious president whose war on drugs killed thousands and ...

SOME 500 medical frontliners, lawyers, businessmen, members of the academe, media workers and civil leaders on Thursday initiated an online petition calling for the resignation of President Rodrigo R. Duterte, citing his "failure" in addressing various issues facing the country. "Our country is on the brink of disaster. At the time the nation needs him most, Duterte is a total ...

BW FILE PHOTO THE National Grid Corp. of the Philippines (NGCP) has asked authorities to look into an expected power supply shortage in the Luzon grid, citing projections of thin operating margins which will lead to limited supply. "We continue to urge the authorities to look into this impending power situation in Luzon during this summer season, the privately-led grid ...

FIRMS considering domestic vaccine manufacturing will need faster processing and government procurement priority, the Department of Trade and Industry (DTI) said. DTI Secretary Ramon M. Lopez, in a briefing on Thursday night, named four firms eyeing local production of vaccines, including coronavirus disease 2019 (COVID-19) vaccines. "(The companies) will subscribe to all requirements and submit all the documents, kailangan lang ...

AN OFFICIAL from listed Manila Water Co., Inc. said on Friday its revised concession agreement (CA) with the government is an important milestone for the firm, adding the contract took more than a year to negotiate. "This important milestone is a culmination of several months of hard work and discussion with several key government agencies to arrive at what we ...

A SENATOR on Friday asked the Energy department to explain its decision allowing the transfer of the 45% stake of Chevron Philippines, Inc. in the Malampaya gas-to-power project to a unit of Udenna Corp., citing irregularities in the transaction. Senator Sherwin T. Gatchalian, chair of the Senate Committee on Energy, said UC Malampaya Pte. Ltd.'s acquisition of Chevron's 45% share ...

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